Iberdrola Renewables’ Post

IFC - International Finance Corporation Grants €300 Million Sustainability-Linked Loan to Boost Iberdrola’s Renewable Projects in Emerging Markets Key Impact Points: -IFC's €300 Million Loan to Iberdrola: Supporting renewable energy projects in emerging, coal-dependent markets. -Emissions Reduction and Renewable Expansion Goals: Iberdrola targets significant emissions cuts and a doubling of its renewable capacity by 2030. -Global Energy Transition Partnership: The loan is part of a broader partnership between IFC and Iberdrola to accelerate energy transition in developing countries. -IFC's Sustainable Finance Track Record: IFC has a substantial investment history in sustainable infrastructure, including previous loans to Iberdrola subsidiaries. Alfonso García Mora #climatetech #sustainablefinance #energytransition #ESG #ESGNews

Iberdrola and the World Bank extend their partnership with a 300 million green loan for renewable projects in emerging countries. #esg #sustainability #worldbank #iberdrola #renewables #renewableenergy #spain #esgnews #esgbroadcast

Masdar (Abu Dhabi Future Energy Company) has successfully raised $1 billion through its second green bond issuance as part of plans to finance the company’s pipeline of global clean energy projects. Masdar issued the green bond under its Green Finance Framework and follows the company’s first issuance of $750 million on the International Securities Market of the London Stock Exchange last year. The issuance consists of dual tranches of $500 million each, with tenors of five and 10 years and coupons of 4.875% and 5.25%, respectively. Masdar said there was strong interest from both regional and international investors, with the orderbook reaching $4.6 billion, an oversubscription rate of 4.6 times. The final allocation saw an average split of 70% to international investors and 30% to MENA investors. “Following the successful launch of our first green bond in 2023, our second green bond issuance for $1 billion underscores investor confidence in Masdar’s financial robustness and its sustainability credentials,” said Mohamed Jameel Al Ramahi, CEO of Masdar. “The funds will be pivotal in advancing our ambitious portfolio of renewable energy projects, further cementing our role as a key player in supporting an equitable energy transition by increasing energy access in emerging markets and the Global South.” The proceeds from this $1 billion issuance will be utilised to fund Masdar’s equity commitments for new greenfield projects, many of which are in developing economies. Masdar is targeting a portfolio capacity of 100 GW by 2030. In Masdar’s 2023 Green Finance Report, the company’s first green bond helped fund projects with a total nominal capacity of 3.7 GW in emerging markets and more, with the projects expected to mitigate 5.4 million tonnes of greenhouse gas emissions annually when fully operational. Mazin Khan, Chief Financial Officer of Masdar, added: “As we have committed under our Green Finance Framework, we are raising green bonds and other green finance instruments to invest in new dark green projects." The joint lead managers and bookrunners on the issuance were First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank, Citi, HSBC, Standard Chartered, Crédit Agricole CIB, Natixis Corporate & Investment Banking, and MUFG. #cleanenergy

ENGIE Secures €500 Million in Green Financing from Global Partners to Expand Renewable Energy in Emerging Markets 🌍 ENGIE has successfully secured €500 million in green debt from the International Finance Corporation (IFC), Asian Infrastructure Investment Bank (AIIB), and Proparco. This funding will significantly bolster renewable energy projects across emerging markets, supporting the global transition towards sustainable energy solutions. Such partnerships highlight the pivotal role that collaborative green financing plays in driving the clean energy agenda and fostering sustainable development in regions where it's needed most. #GreenFinance #Sustainability #RenewableEnergy #EmergingMarkets

📢 IFC provides €300M green loan to Iberdrola for renewable energy projects in emerging markets 📰 The IFC - International Finance Corporation has today unveiled a green and sustainability-linked loan (SLL) of €300 million to Iberdrola. 🗣️ Alfonso García Mora, Vice President for Europe, Latin America, and the Caribbean at IFC, said, "This loan is a significant step in the global IFC-Iberdrola Energy Transition Partnership, which aims to support Iberdrola's expansion and re-entry into emerging markets in need of decarbonizing their energy matrix. We look forward to partnering with Iberdrola on projects that can accelerate a just and equitable transition to a low-carbon and sustainable energy future in developing and emerging markets." 📖 Link to the comment section ⬇️ #renewable #greenenergy #sustainability #tradefinance #tradefinanceglobal

“Iberdrola, World Bank Eyeing #OffshoreWind, #GreenHydrogen Projects in Emerging Markets” January 8, 2024 - Adrijana Buljan “Iberdrola and the #WorldBank, through its private sector investment arm, the #InternationalFinanceCorporation (#IFC), have signed a EUR 300 million loan agreement to develop #renewableenergy projects in countries dependent on #fossilfuels, including Morocco, Poland and Vietnam.” “IFC has already allocated a first tranche of EUR 170 million for the support of #onshorewind projects in Poland. Iberdrola and IFC are also evaluating collaboration options in the development of energy projects such as offshore wind and green hydrogen in additional emerging markets.” “This loan follows two other #greenloans linked to sustainability objectives granted to Iberdrola, including one of USD 155 million in May 2023 and another of USD 115 million in July 2022, both granted to Iberdrola’s arm in Brazil, Neoenergia. “”This loan will allow Iberdrola to continue contributing to the #energytransition, #decarbonisation and #electrification of developing countries, which are still highly dependent on fossil fuels. It also consolidates IFC as one of our major allies in the financing of renewable projects,” said José Sainz Armada, Iberdrola’s Director of Finance, Control and Corporate Development.” “”This loan is a significant step in the global IFC-Iberdrola Energy Transition Partnership, which aims to support Iberdrola’s expansion and re-entry into emerging markets in need of #decarbonizing their energy matrix,” said Alfonso García Mora, Vice President for Europe, Latin America, and the Caribbean at IFC.”” “Iberdrola notes that the current loan is linked to #esg (#environmentalsocialandcorporategovernance) criteria and subject to the fulfilment of two strategic ESG objectives for Iberdrola.” “The first goal is to reduce the company’s absolute direct and indirect #greenhousegasemissions by more than 60 per cent by 2030 from the 2020 baseline, including scopes 1, 2 and 3, from the company’s operations, customers and supply chains. The second objective is to more than double Iberdrola’s installed renewables capacity by 2030, which at the end of the third quarter of 2023 exceeded 41,000 MW.” https://lnkd.in/eSXPj2JG? Source- original post Read all my posts #MariusPreston

I am happy to share EBRD's first energy deal of the year, following the approval of our new Energy Strategy 2024-2028 last month 🌍 Our equity investment will support #renewables and #storage projects in our European countries of operation. The structure used is an #equity participation in a fund which in turn will invest in green projects through equity. It is an interesting alternative to direct equity or loans, as it helps the diversification of funding models for the sector. The project thus brings significant #green and #resilient #positiveimpact. Carbon savings are estimated in approx. one million of tonnes per year, which is a sizable amount, and at least two-thirds of the total Fund’s capital commitments should come from private investors, thus mobilizing significant additional capital 😉 Anna Chmielewska Stefano Paolozzi, CFA Karsten Sinner Francesco Corbo Anne Fossemalle Tiago Oliveira, Ph.D. Saidkomil Nasriddinov Elisabetta Falcetti Nandita Parshad Charlotte Ruhe and many more... https://lnkd.in/gz_kQA5Y

IFC has already committed a first tranche of €170 million, which will finance onshore wind projects in Poland. The company announced a green and sustainability-linked loan (SLL) of €300 million (equivalent to $329 million) to Iberdrola. The first target is to reduce Iberdrola's greenhouse gas emissions by more than 60 percent by 2030 from a 2020 baseline. Their aim is to be consistent with limiting warming to 1.5⁰C.The second, is to double Iberdrola's renewable energy capacity by 2030—also of great significance, given Iberdrola's 41+ GW of installed renewable capacity by September 2023. The loan follows two green and sustainability-linked loans to Iberdrola subsidiaries, including a $155 million loan to Neoenergia Elektro in May 2023 and a $115 million loan to Neoenergia Coelba in July 2022. These IFC investments supported network expansion and digitalization in Brazil. As of December 2023, IFC has invested over $6.2 billion in sustainable finance in infrastructure, including $3 billion in sustainability-linked financing for infrastructure companies in emerging markets. They work in more than 100 countries, using capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries. The group supplies energy to nearly 100 million people in dozens of countries where it carries out its renewables, networks and commercial activities. With a workforce of 42,000 people and assets of approximately 150 billion euros, it posted a net profit of 3,637 million euros with a tax contribution in 2022 of 7,500 million euros. The company contributes to the maintenance of 400,000 jobs in its supply chain, with annual purchases of 18 billion euros last year. A benchmark in the fight against climate change, it has allocated more than 150 billion euros over the past two decades to building a sustainable energy model based on sound environmental, social and governance (ESG) principles. IFC - International Finance Corporation Iberdrola Neoenergia #Sustainability #Sustainable #Sustainableliving #environment #reuse #gogreen #recycling #recycle #Renewableenergy #climateaction #circulareconomy #eco #plasticfree #zerowaste #earth #sustainablebusiness #sustainabledevelopment #sustainablefinance #eco #sustainable #sdg #sdgs #sustainabledevelopmentgoals #innovation #technology #ActonClimate #climateaction #climatecrisis #togetherforourclimate #theclimateconnection #Sustainability #cleanenergy #Renewableenergy #solarpower #windenergy #cleanenergy #Sustainable #innovations #recycling #upcycling #zerowaste #ecofriendly #reusability #repairability #ActionNow #globalwarming #savetheplanet #climateaction #climateemergency http://wrld.bg/LO5X50QoFvx

Iberdrola and The World Bank, through its private sector investment arm, the IFC - International Finance Corporation, have signed a EUR 300 million loan agreement to develop renewable energy projects in countries dependent on fossil fuels, including Morocco, Poland and Vietnam. IFC - International Finance Corporation has already allocated a first tranche of EUR 170 million for the support of onshore wind projects in Poland. Iberdrola and IFC - International Finance Corporation are also evaluating collaboration options in the development of energy projects such as offshore wind and green hydrogen in additional emerging markets. This loan follows two other green loans linked to sustainability objectives granted to Iberdrola, including one of USD 155 million in May 2023 and another of USD 115 million in July 2022, both granted to Iberdrola's arm in Brazil, Neoenergia. Iberdrola notes that the current loan is linked to ESG (environmental, social and corporate governance) criteria and subject to the fulfilment of two strategic ESG objectives for Iberdrola. The first goal is to reduce the company's absolute direct and indirect greenhouse gas emissions by more than 60 per cent by 2030 from the 2020 baseline, including scopes 1, 2 and 3, from the company's operations, customers and supply chains. The second objective is to more than double Iberdrola's installed renewables capacity by 2030, which at the end of the third quarter of 2023 exceeded 41,000 MW. #renewableenergy #offshorewind #energy #carbon60 #engineering #hydrogen

The IFC - International Finance Corporation today announced a green and sustainability-linked loan totalling €300 million to Iberdrola. “This loan is a significant step in the global IFC-Iberdrola Energy Transition Partnership, which aims to support Iberdrola’s expansion and re-entry into emerging markets in need of decarbonising their energy matrix,” said Alfonso García Mora, Vice President for Europe, Latin America, and the Caribbean at IFC. “We look forward to partnering with Iberdrola on projects that can accelerate a just and equitable transition to a low-carbon and sustainable energy future in developing and emerging markets.” IFC’s loan is aimed at financing renewable energy projects in emerging markets, including a number of coal-reliant countries, such as Morocco, Poland, and Vietnam. IFC has already committed a first tranche of €170 million, which will help finance Iberdrola’s onshore wind projects in Poland. In addition, Iberdrola and IFC are said to be exploring collaborations on early-stage project development in emerging energy solutions, including offshore wind and green hydrogen. “This loan will allow Iberdrola to continue contributing to the energy transition, decarbonisation and electrification of developing countries, which are still highly dependent on fossil fuels. It also consolidates IFC as one of our major allies in the financing of renewable projects,” said José Sainz Armada, Iberdrola’s Director of Finance. #cleanenergy