Iberdrola receives €800 million in financing from EIB and ICO to boost the green recovery in Spain
(WorldNews Germany)

Iberdrola today signed an agreement with the European Investment Bank (EIB) and the Instituto de Cr&eaigu;dito Oficial (ICO) to drive the green recovery by developing new renewable energy capacity in Spain. To this end, the EIB and ICO will provide €600 million and €200 million, respectively, to the Spanish energy company to finance the construction of over 20 projects with total capacity exceeding 2 000 MW. These new facilities will provide green, competitive energy equal to the average annual energy use of almost 1 million households. The EU bank is assisting this operation via a green energy loan, the features of which are fully in line with the requirements set out in its Climate Awareness...