Iberdrola has secured a €500 million syndicated green loan from ICO, Sabadell, and HSBC, backed by Cesce via its Green Investment Policy on behalf of the State. The loan, supported by the Internationalisation Risk Reserve Fund, aims to diversify Iberdrola’s financing sources and has a 15-year term.
The loan will finance wind, photovoltaic, and battery projects in the United States, Australia, and Italy, with a total of 897 MW of renewable capacity expected to be operational between 2025 and 2026.
Iberdrola’s partnerships with Export Credit Agencies (ECAs) amount to €2,500 million in loans, demonstrating international banking confidence in the company. Recently, Iberdrola diversified its financing with a CHF 335 million green bond placement and signed a €700 million green loan with the European Investment Bank for grid expansion in Spain. Earlier this year, it extended its partnership with the World Bank with a €300 million green loan for renewable projects in emerging countries.
Cesce, Spain’s Export Credit Agency, handles the State’s credit and investment insurance, covering political, commercial, and extraordinary risks. Its Green Investment Policy supports projects that meet EU Taxonomy or OECD Consensus requirements.
In December, Iberdrola secured its largest credit line of €5.3 billion with 33 international banks, highlighting strong banking commitment and competitive pricing.
Iberdrola continues to lead in sustainable financing, with over €22 billion in green bonds and a pioneering role in green loans for energy companies. This financial strategy underpins its €41 billion investment plan for 2024-2026, driving economic electrification through significant investments in electricity grids and renewables.