Iberdrola, ICO, Sabadell and HSBC have signed a syndicated green loan for €500 million, covered by Cesce through its Green Investment Policy on behalf of Spain.
The loan, which has a 15-year maturity, is guaranteed by the Internationalization Risk Reserve Fund, attached to the Ministry of Economy, Trade and Enterprise. It is the first aimed at promoting renewable energy projects that the ICO will finance with Next Generation funds in the second phase of the Recovery Plan.
Funds from the operation, as part of the ICO-Verde program, will be used to finance renewable and battery projects in the United States, Australia and Italy. The total renewable capacity financed is slated to reach 897 MW, with the project expected to be operational by 2026.
Cesce, in its role as the Spanish Export Credit Agency, exclusively manages credit and investment insurance on behalf of the State. Its Green Investment Policy covers the risks of credits granted to Spanish companies or their foreign subsidiaries for the financing of projects abroad that are considered green.
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Iberdrola Consortium Signs €500M Syndicated Green Loan with Cesce
How often does this happen? How about never?
Trump loves to say that little boys go to school and come back home little girls.
He’s the most powerful person in the world for exactly one reason: We’re a nation of morons.
Two comments:
That the United States has homeless veterans is a national (and international) disgrace.
By definition, no one has the legal right to enter the U.S. illegally, but according to our constitution, everyone in America is entitled to due process.
This will result in lung disease, climate change, loss of biodiversity, and higher electricity prices.
It will also further alienate the rest of the world from our country, as every other nation on the planet is making gains in the direction of decarbonization, and no other nation suffers from this level of corruption with the fossil fuel industry.
If that pleases you, you’re a warped human being.
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