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 700 million (USD 762.4m) from the European Investment Bank (EIB) for a grid modernisation project aimed at enhancing efficiency and facilitating the integration of more renewable energy sources.