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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

How Would You Feel If . . .

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Sad that it came to this, but not nearly as sad as I would if he gets away with all this criminality, and the rest of the world writes us of as avid supporters of crime and apathetic to rule of law.

How Would You Feel If . . .

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Renewable Energy

JD Vance and His Certainty Re: God’s Work

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At left we see illustrated the core problem with the world’s theistic religions, i.e., that adherents are so certain of the rightness of their beliefs that they have no problem destroying the world.

FWIW, I have a friend who takes this even further: he is actively rooting for the apocalypse, and the prospect that all believers in God’s son Jesus will be raptured up to heaven to sit at the right hand of God.

He knows that I don’t believe any of this, but he remains confident that I’ll come around.  As he told me, “God melts even the hardest of hearts.”  He thinks I’m doing the devil’s work with my compassion for others and the effort I put out to achieve a peaceful and sustainable civilization.

We’d be living in tough times even without these fanatics, but religious dogma, especially of this sort, makes it all that much more difficult.

JD Vance and His Certainty Re: God’s Work

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Renewable Energy

The U.S. Post-Trump

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We read a great deal about people who think that repairing the damage caused by Trump is going to be quick and easy.

Others are not nearly so sanguine, pointing out that many nations have gone to great lengths to create new trade relationships in their effort to cut the United States off without a penny.

Another question is how the people in other countries have come to regard Americans, as people of extremely low moral character–as crackpots, as racists, as gullible morons, as people incapable of critical thinking.  That’s not going to change overnight, if it changes at all.

The U.S. Post-Trump

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