EIB Agrees €500m Green Loan for Iberdrola's Windanker Project
The European Investment Bank (EIB) has agreed to provide a €500m green loan to support Iberdrola's Windanker offshore wind farm in the German Baltic Sea.
This project is a key element of Iberdrola's Baltic Hub strategy and is backed by a guarantee from the Spanish export credit agency Cesce.
- The loan supports a renewable energy project.
- The financing is backed by a guarantee from Cesce.
This initiative marks the first use of a guarantee developed by the EIB and Cesce to support green projects led by Spanish companies outside of Spain.
Author's summary: EIB provides €500m loan for Iberdrola's wind farm project.
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