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>) has secured EUR 50 million (USD 57.9m) in financing from the European Investment Bank (EIB) to rebuild and upgrade parts of its power distribution grid in Spain's Valencia region following severe flash flooding in October 2024.