Photo: finance.yahoo.com
EIB Fuels Iberdrola's Windanker Offshore Wind Farm with €500M Green Loan
The European Investment Bank has allocated a €500m green loan to Iberdrola for the Windanker offshore wind farm in Germany, promoting renewable energy initiatives.
- The European Investment Bank provided a €500m ($576.75m) green loan to support Iberdrolas Windanker offshore wind farm project in the German Baltic Sea.
- This financing is backed by a guarantee from the Spanish export credit agency Cesce, marking a significant collaboration for green projects.
- The initiative represents the first implementation of a guarantee developed by the European Investment Bank and Cesce for Spanish-led green projects outside of Spain.
Por Qué Es Relevante
This financing highlights the European Investment Banks commitment to supporting renewable energy projects, which is crucial for achieving EU climate goals and promoting sustainable development in the energy sector.