The framework loan supports small-scale renewable energy projects (mainly solar photovoltaic) to be developed throughout Italy over the next 3 years. About 70% of the pipeline is located within EU Less Developed regions.
If fully allocated, the project would produce electricity from low-carbon sources (solar PV) in Italy and address the market failure of negative climate and environmental externalities, through the reduction of carbon emissions and air pollution. Thereby the project supports EU Renewable Energy objectives and supports Italy in meeting its commitments with respect to renewable energy targets (87 GW of RE by 2030) and greenhouse gas emission reductions set out in the Integrated National Energy and Climate Plan revised after the publication of the EU Green Deal.
According to Bloomberg, Iberdrola Sociedad Anonima generates, distributes, trades, and markets electricity in the United Kingdom, the United States, Spain, Portugal, and Latin America. The Company specializes in clean energy including wind power, solar and hydroelectric, smart grids, energy storage, and green hydrogen.
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No project contacts available at the time of disclosure.
Client - Iberdrola SA:
Phone: +34 91 784 32 32
Headquarters: Torre Iberdrola - Plaza Euskadi número 5, 48009 Bilbao, Bizkaia, Spain
Italian Office: Piazzale dell'Industria, 40, 00144 Rome, Italy
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