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    Reference: 20190811
    Release date: 9 July 2020

    Promoter – Financial Intermediary

    IBERDROLA SA

    Location

    Description

    The project consists of a framework loan to finance several renewable energy generation plants across Spain, including several convergence regions.

    Objectives

    The aim is to implement a number of renewable energy plants (solar photovoltaic and onshore wind) schemes in Spain.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 600 million

    Total cost (Approximate amount)

    EUR 1336 million

    Environmental aspects

    Promoters' procedures for review of compliance of the investments with EU procurement, environmental and state aid legislation, where relevant.

    Procurement

    Promoters' procedures for review of compliance of the investments with EU procurement, environmental and state aid legislation, where relevant.

    Status

    Signed - 6/07/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Spain Energy