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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

The U.S. Civil War Didn’t Need to Happen

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At left we see why Lincoln would have done well to let the Confederacy cede from the Union.  He could have simply written a letter to Robert E. Lee stating:

Keep your slaves and your land…for now. Wait until you experience the effects of near-zero industrial and military technology development and the civilized world’s refusal to trade with you barbarians.  By the end of the 19th Century, a stiff breeze will blow you away. Maybe some future U.S. president will invade you with a troop of Boy Scouts with slingshots, or maybe a handful of banditos will ride up from Mexico.

The U.S. Civil War Didn’t Need to Happen

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Renewable Energy

Key Words from Robert Reich

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What former labor secretary Robert Reich says at left is exactly what I believe.

First of all, the idea that the Democratic party has turned into the “radical left” is pure GOP propaganda.

In any case, you either support American democracy, rule of law, truth, and the well-being of the common person, or you don’t.  There really is no middle ground.

Key Words from Robert Reich

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Renewable Energy

Kelsey Grammer May Run for Office

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I can’t see it, if he means a national office.  Why? He’s an ardent and outspoken Trump supporter.

Support of Trump wasn’t a political non-starter until his second term, but now the screwworm and the algae in the Reflecting Pool have higher approval ratings.

Kelsey Grammer May Run for Office

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