As stated on the project disclosure page, the proposed IFC investment is an 8-year green and sustainability-linked loan up to €300 million to Iberdrola Financiación, S.A.U., a wholly owned financing vehicle of Iberdrola, S.A.. The loan will finance renewable energy projects owned by the Sponsor in emerging markets, including but not limited to Poland, Morocco, and Vietnam, under Iberdrola’s Green Financing Framework. The loan will be linked to sustainability indicators and is part of a broader global partnership between Iberdrola and IFC to promote energy transition in emerging markets.
As stated by the IFC, Iberdrola Financiación, S.A.U. is wholly owned by Iberdrola, S.A., which is publicly listed on the Spanish Stock Exchange with no individual shareholder owning more than 10% of the company’s shares. Iberdrola is Europe’s largest electricity utility by market capitalization, and the second largest in the world. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola has over 60GW of installed power capacity, over 1.2 million kilometers of transmission lines in operation and over 36 million customers. Iberdrola’s main markets are in Europe, the US, and Latin America.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Iberdrola SA||Parent Company||Energy||owns||Iberdrola Financiacion SAU||Client||Energy|
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Parent Company - Iberdrola, S.A.:
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