Iberdrola wraps up Tamega hydro financing with green loan

Iberdrola Aldeavila dam for web
By Mike Turner
04 Jun 2019

Spain’s Iberdrola has signed a €400m long maturity green loan, completing the energy company’s financing needs for a €1.5bn hydropower facility in Portugal.

Instituto de Crédito Oficial (ICO) provided the 12 year facility — the biggest green loan the Spanish state owned lender has ever provided, according to Iberdrola.

Proceeds will go towards the 1.158GW Tâmega hydropower complex in northern Portugal.

Vigeo Eiris provided the second party opinion that the deal conforms to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial