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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.

The post Iberdrola Consortium Signs €500M Syndicated Green Loan with Cesce appeared first on Solar Industry.

Iberdrola Consortium Signs €500M Syndicated Green Loan with Cesce

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Renewable Energy

Could Obama Pass a Cognitive Test?

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Not sure about this.

A magna cum laude graduate of Harvard Law School might struggle to identify a bear. Could be.

This is the intelligence level of the American electorate today.

Could Obama Pass a Cognitive Test?

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Renewable Energy

Big Win for Those Incapable of Elementary School Math

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The Chinese ownership of American farmland is less than 0.00036, or 0.036%.  To put this into perspective, if the entirety of U.S. farmland were reduced to one acre, the Chinese government and business interests would own less than 15 square feet, about half the size of a small broom closet.

Yet, true to form, this is a huge issue for the MAGA base.

Big Win for Those Incapable of Elementary School Math

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Renewable Energy

Social Justice and Despotism?

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This guy is quite effective in talking to uneducated, conservative Americans, most of whom have never traveled to, or even read anything about the happiest countries on Earth.

If I were going to make a statement about the relationship between social justice and despotism, I would at least consider the lives of the people in places that consider social justice to be something of importance, and compare/contrast this to the list of the countries that are perennially at the top of the World Happiness Rankings.

What makes the people in New Zealand, Iceland, Costa Rica, Northern Europe, etc., so happy?  Why do these are these nations suffer exactly zero despotism?

I would be completely ashamed of myself if I were to forward a political theory that had precisely no basis in fact.

Social Justice and Despotism?

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