Spanish utility Iberdrola SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Iberdrola-ES0144580Y14" target="_blank">BME:IBE</a>) will receive EUR 108 million (USD 123m) in loans from the European Investment Bank (EIB) to improve the pumping capacity of its Valdecanas pumped storage hydroelectric complex in the region of Extremadura.