Iberdrola signs €500 million green loan for 897 MW renewables
Iberdrola secured a 15-year €500 million syndicated green loan from ICO, Sabadell, and HSBC, backed by Cesce, to fund 897 MW of wind, solar, and battery projects in the US, Australia, and Italy. The financing shows how export credit agency support and EU Taxonomy alignment unlock cross-border green capital, a structure Indian renewable developers can study for international funding.
Iberdrola secured a €500 million syndicated green loan from ICO, Sabadell, and HSBC, backed by Cesce via its Green Investment Policy on behalf of the Spanish State and supported by the Internationalisation Risk Reserve Fund. The 15-year loan will finance wind, photovoltaic, and battery projects in the United States, Australia, and Italy, totalling 897 MW of renewable capacity expected operational between 2025 and 2026. Iberdrola's partnerships with Export Credit Agencies now amount to €2,500 million in loans.
The deal affects Iberdrola's renewable operations in three markets and the syndicate of international banks and the Spanish export credit agency Cesce, which handles the State's credit and investment insurance covering political, commercial, and extraordinary risks. Its Green Investment Policy supports projects meeting EU Taxonomy or OECD Consensus requirements. The financing underpins Iberdrola's €41 billion 2024-2026 investment plan and complements a CHF 335 million green bond, a €700 million EIB grid loan, and a €300 million World Bank loan.
Renewable developers and energy companies should note how export credit agency backing, EU Taxonomy or OECD Consensus alignment, and long 15-year tenors expand financing options for cross-border projects. Iberdrola continues to diversify funding, with over €22 billion in green bonds and a €5.3 billion credit line from 33 international banks secured in December. Indian renewable firms seeking international capital should monitor the role of export credit insurance and taxonomy compliance in securing competitively priced green loans.
Key figure — Renewable capacity financed: 897 MW across US, Australia, and Italy
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