Iberdrola lands €150M EIB green loan for 400 MW of Italian wind and solar
What's the deal? IberdrolaDealroom has a profile for this one. Try Dealroom →, the Spanish multinational electric utility, has secured a €150 million ($160 million) green loan from the European Investment Bank to build a portfolio of renewable projects in Italy. The wind and photovoltaic facilities carry a combined capacity of around 400 MW.
What's the endgame? The projects will generate green energy equivalent to the average consumption of up to 260,000 households. The financing supports Iberdrola's continued push into European renewable capacity.
Why now? The loan lands amid a steady flow of project finance into European renewables, as developers move to lock in debt for wind, solar, and storage builds.
The signal: Iberdrola's raise sits alongside a run of similar deals across the continent. Spain's GrenergyDealroom has a profile for this one. Try Dealroom → secured €89.5 million ($96 million) for a 150 MW solar project, while TPG Rise-backed Matrix RenewablesDealroom has a profile for this one. Try Dealroom → took €40 million ($43 million) for two solar projects totalling 66 MW in Valladolid. Poland's PAD RES landed a €38 million ($40.5 million) bridge loan from RGREEN INVESTDealroom has a profile for this one. Try Dealroom → for 14 solar projects — a pattern showing lenders continue to underwrite renewable buildout at scale.
Read more: Europe Says
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