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 signed an agreement with the European Investment Bank (EIB) to obtain a EUR-500-million (USD 525.9m) loan for the development and expansion of smart grids in Spain.