Construction starts on 34-MW wind expansion project in Lower Austria
May 25, 2022 18:44 CESTIberdrola inks EUR-1bn green loan for new wind projects
Bragin Alexey/Shutterstock.com
April 27 (Renewables Now) - Iberdrola SA (BME:IBE) has arranged to receive a EUR-1-billion (USD 1.05bn) green loan from Spanish lender Banco Santander SA (BME:SAN) to finance the procurement of wind turbines for its European projects.
The loan, which represents Iberdrola’s largest green borrowing, has a maximum term of 15 years and is guaranteed by a European export credit agency, the Spanish utility said.
The funds will be used mainly to finance the purchase of turbines for onshore and offshore wind farm projects in Spain, Poland, Greece, Germany and the UK, Iberdrola added. The company currently operates around 19.5 GW of onshore wind and some 1.2 GW of offshore wind capacity around the world.
(EUR 1.0 = USD 1.054)
More stories to explore
California’s EBCE strikes 40-MW geothermal PPA with Fervo Energy
May 25, 2022 17:42 CEST
Johnson Matthey to invest EUR 20m in electrolyser maker Enapter
May 25, 2022 17:09 CEST
Windfall tax speculation causes concern among UK power producers
May 25, 2022 16:00 CEST
Iberdrola promises EUR-3bn investment into green hydrogen
May 25, 2022 15:50 CEST
Minesto's Dragon 4 tidal kite generates 1st power in Faroe Islands
May 25, 2022 14:39 CESTShare this story
Tags
About the author