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 International Finance Corporation (IFC), the private sector arm of the World Bank Group, to obtain a EUR-300-million (USD 328.4m) loan to develop renewables in emerging and coal-dependent countries.