CleanTechnica•3 days ago
€500 Million Green Loan Signed For 315 MW Offshore Wind Farm
Key Takeaway
The substantial green loan for a major offshore wind project underscores the increasing availability and institutional backing for large-scale renewable energy financing, setting a precedent for future developments.
AI Summary
- •Iberdrola secured a €500 million green loan from the European Investment Bank (EIB), backed by Spanish export credit agency Cesce, for the 315 MW Windanker offshore wind farm.
- •This significant financing demonstrates robust institutional support and the availability of capital for large-scale renewable energy projects, particularly offshore wind.
- •The deal highlights a growing trend in green financing, potentially lowering the cost of capital for developers pursuing similar large-scale clean energy ventures.
- •For large power consumers, this project signifies a future increase in clean energy supply, supporting decarbonization efforts and potentially offering stable long-term PPA opportunities.
Topics
windfinancingpolicyemissions
Article Content
The European Investment Bank (EIB) has signed a €500 million green loan to Iberdrola with backing from the Spanish export credit agency, Cesce. Iberdrola is the largest electric utility in Europe, employing over 45,000 people. The Windanker offshore wind farm will have 315 MW of capacity when completed. It is ... [continued] The post €500 Million Green Loan Signed For 315 MW Offshore Wind Farm appeared first on CleanTechnica .