- €500M Green Loan: Iberdrola, ICO, Sabadell, and HSBC sign a €500M syndicated green loan to fund renewable projects in the US, Australia, and Italy.
- Cesce Coverage: The loan is covered by Cesce under Spain’s Green Investment Policy, ensuring political and commercial risk mitigation.
- Renewable Capacity: The projects will add 897 MW of renewable capacity, operational between 2025 and 2026.
Iberdrola has secured a €500 million syndicated green loan with ICO, Sabadell, and HSBC, covered by Cesce through its Green Investment Policy on behalf of the State. The loan, guaranteed by the Internationalisation Risk Reserve Fund, aims to diversify Iberdrola’s financing sources and has a 15-year maturity.
“This is the first loan aimed at promoting renewable energy projects that the ICO will finance with Next Generation funds in the second phase of the Recovery Plan,” said an ICO representative.
The funds will finance wind and photovoltaic projects, as well as battery projects in the United States, Australia, and Italy, totaling 897 MW of renewable capacity, expected to be operational between 2025 and 2026.
Iberdrola’s collaboration with Export Credit Agencies (ECAs) totals €2,500 million in loans, showcasing international banking confidence in the company. Last month, Iberdrola diversified its financing with a CHF 335 million green bond placement. In March, it signed a €700 million green loan with the European Investment Bank for grid expansion in Spain, and in January, extended its alliance with the World Bank with a €300 million green loan for renewable projects in emerging countries.
Cesce, as Spain’s Export Credit Agency, manages credit and investment insurance for the State, covering political, commercial, and extraordinary risks. Its Green Investment Policy supports projects meeting EU Taxonomy or OECD Consensus requirements.
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In December, Iberdrola secured its largest credit line of €5.3 billion with 33 international banks, reflecting strong banking commitment and competitive pricing.
Iberdrola remains a global leader in sustainable financing, with over €22 billion in green bonds and a pioneering role in green loans for energy companies. This financial strategy supports its €41 billion investment plan for 2024-2026, driving economic electrification through robust investments in electricity grids and renewables.