{"id":14897,"date":"2024-01-10T13:39:17","date_gmt":"2024-01-10T13:39:17","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14897"},"modified":"2024-01-10T13:39:19","modified_gmt":"2024-01-10T13:39:19","slug":"iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/","title":{"rendered":"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14897\" data-postid=\"14897\" class=\"themify_builder_content themify_builder_content-14897 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Global energy and electricity provider&nbsp;Iberdrola announced a \u20ac300 million (USD$328 million) ESG-linked green loan from the World Bank, through its private sector investment arm, International Finance Corporation (IFC), aimed at funding renewables projects in countries that depend coal, including Morocco, Poland and Vietnam.<\/p>\n\n\n\n<p>The new loan marks an expansion of the collaboration between Iberdrola and the World Bank launched last year to promote energy transition in emerging countries. At the time, a green loan linked to sustainability targets of $150 million was signed to finance digitalization and energy efficiency improvements in the electricity distribution networks operated by Iberdrola&#8217;s subsidiary in Brazil.<\/p>\n\n\n\n<p>Alfonso Garcia Mora, IFC Vice President for Europe, Latin America and the Caribbean said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;This loan is a significant step in the global IFC-Iberdrola Energy Transition Partnership, which aims to support Iberdrola&#8217;s expansion and re-entry into emerging markets that need to decarbonise their energy matrix.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>The new green loan follows the company\u2019s&nbsp;<a href=\"https:\/\/www.esgtoday.com\/iberdrola-extends-sustainable-finance-to-include-water-goals-with-new-2-5-billion-credit-agreement\/\">announcement in 2021<\/a>&nbsp;of plans for its financing structure to have an increasingly higher percentage of green and sustainable products, estimated to account for nearly two-thirds of its debt by 2025. Iberdrola currently has almost \u20ac20 billion of outstanding green bonds, and more than 96% of its \u20ac20 billion credit line portfolio is now sustainability-linked. In December, Iberdrola announced a <a href=\"https:\/\/www.esgtoday.com\/iberdrola-signs-e5-3-billion-credit-line-with-rates-tied-to-climate-diversity-goals\/\">\u20ac5.3 billion credit line<\/a>, its largest ever, with conditions linked to the company\u2019s performance towards its climate and social goals.<\/p>\n\n\n\n<p>The new ESG-linked loan is subject to meeting two strategic sustainability targets for Iberdrola, including its goal to reduce absolute direct and indirect greenhouse gas emissions across the company\u2019s operations, customers and supply chains by more than 60% by 2030 compared to the 2020 baseline, and to more than double Iberdrola&#8217;s clean energy installed capacity by 2030, which at the end of the third quarter of 2023 exceeded 41,000 clean MW.<\/p>\n\n\n\n<p>\u20ac170 million (USD$186 million) of the agreed amount has already been committed to finance onshore wind energy projects in Poland.<\/p>\n\n\n\n<p>Iberdrola and the World Bank said that both institutions continue to analyze collaboration options to develop new clean energy projects in emerging countries, including offshore wind and green hydrogen generation.<\/p>\n\n\n\n<p>Jos\u00e9 Sainz Armada, Iberdrola&#8217;s Director of Finance, Control and Corporate Development, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;This loan will allow Iberdrola to continue contributing to the energy transition, decarbonisation and electrification in developing countries \u2013 which are still highly dependent on fossil fuels. It also consolidates IFC as one of Iberdrola\u2019s major allies in providing financing for renewable projects.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Global energy and electricity provider&nbsp;Iberdrola announced a \u20ac300 million (USD$328 million) ESG-linked green loan from the World Bank, through its private sector investment arm, International Finance Corporation (IFC), aimed at funding renewables projects in countries that depend coal, including Morocco, Poland and Vietnam. The new loan marks an expansion of the collaboration between Iberdrola and [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":14898,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[36,30],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Global energy and electricity provider&nbsp;Iberdrola announced a \u20ac300 million (USD$328 million) ESG-linked green loan from the World Bank, through its private sector investment arm, International Finance Corporation (IFC), aimed at funding renewables projects in countries that depend coal, including Morocco, Poland and Vietnam. The new loan marks an expansion of the collaboration between Iberdrola and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-10T13:39:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-10T13:39:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2024\/01\/Iberdrola3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1523\" \/>\n\t<meta property=\"og:image:height\" content=\"898\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Susan Lahey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Susan Lahey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/\"},\"author\":{\"name\":\"Susan Lahey\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/97e13a5b49d5c769104360ded30d2826\"},\"headline\":\"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets\",\"datePublished\":\"2024-01-10T13:39:17+00:00\",\"dateModified\":\"2024-01-10T13:39:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/\"},\"wordCount\":416,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Energy Transition\",\"Sustainable Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/\",\"url\":\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/\",\"name\":\"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets - ESG Today\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/#website\"},\"datePublished\":\"2024-01-10T13:39:17+00:00\",\"dateModified\":\"2024-01-10T13:39:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.esgtoday.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.esgtoday.com\/#website\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"name\":\"ESG Today\",\"description\":\"ESG investing news, analysis, research and information\",\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.esgtoday.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.esgtoday.com\/#organization\",\"name\":\"ESG Today\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"contentUrl\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"width\":618,\"height\":350,\"caption\":\"ESG Today\"},\"image\":{\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ESGToday\/\",\"https:\/\/twitter.com\/EsgToday\",\"https:\/\/www.linkedin.com\/company\/esg-today\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/97e13a5b49d5c769104360ded30d2826\",\"name\":\"Susan Lahey\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cab60e69514f8fa9da35d98b8240df92?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cab60e69514f8fa9da35d98b8240df92?s=96&d=mm&r=g\",\"caption\":\"Susan Lahey\"},\"description\":\"Susan Lahey started her career as a business reporter for The Kansas City Star and has worked as a freelancer covering business, investment, technology, sustainability and science for numerous publications. She has also worked as a writer and editor for publicly funded projects mandating environmental cleanup of a molybdenum mine in Northern New Mexico; and recovery and resiliency measures following Hurricane Maria in Puerto Rico. Recently she worked as Director of Communications for a European wave energy company.\",\"url\":\"https:\/\/www.esgtoday.com\/author\/susan-lahey\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets - ESG Today","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/","og_locale":"en_US","og_type":"article","og_title":"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets - ESG Today","og_description":"Global energy and electricity provider&nbsp;Iberdrola announced a \u20ac300 million (USD$328 million) ESG-linked green loan from the World Bank, through its private sector investment arm, International Finance Corporation (IFC), aimed at funding renewables projects in countries that depend coal, including Morocco, Poland and Vietnam. The new loan marks an expansion of the collaboration between Iberdrola and [&hellip;]","og_url":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/","og_site_name":"ESG Today","article_publisher":"https:\/\/www.facebook.com\/ESGToday\/","article_published_time":"2024-01-10T13:39:17+00:00","article_modified_time":"2024-01-10T13:39:19+00:00","og_image":[{"width":1523,"height":898,"url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2024\/01\/Iberdrola3.jpg","type":"image\/jpeg"}],"author":"Susan Lahey","twitter_card":"summary_large_image","twitter_creator":"@EsgToday","twitter_site":"@EsgToday","twitter_misc":{"Written by":"Susan Lahey","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/#article","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/"},"author":{"name":"Susan Lahey","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/97e13a5b49d5c769104360ded30d2826"},"headline":"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets","datePublished":"2024-01-10T13:39:17+00:00","dateModified":"2024-01-10T13:39:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/"},"wordCount":416,"commentCount":0,"publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"articleSection":["Energy Transition","Sustainable Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/","url":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/","name":"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets - ESG Today","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/#website"},"datePublished":"2024-01-10T13:39:17+00:00","dateModified":"2024-01-10T13:39:19+00:00","breadcrumb":{"@id":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.esgtoday.com\/iberdrola-secures-e300-million-esg-linked-loan-from-world-bank-for-energy-transition-projects-in-emerging-markets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.esgtoday.com\/"},{"@type":"ListItem","position":2,"name":"Iberdrola Secures \u20ac300 Million ESG-Linked Loan from World Bank for Energy Transition Projects in Emerging Markets"}]},{"@type":"WebSite","@id":"https:\/\/www.esgtoday.com\/#website","url":"https:\/\/www.esgtoday.com\/","name":"ESG Today","description":"ESG investing news, analysis, research and information","publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.esgtoday.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.esgtoday.com\/#organization","name":"ESG Today","url":"https:\/\/www.esgtoday.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","contentUrl":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","width":618,"height":350,"caption":"ESG Today"},"image":{"@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ESGToday\/","https:\/\/twitter.com\/EsgToday","https:\/\/www.linkedin.com\/company\/esg-today\/"]},{"@type":"Person","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/97e13a5b49d5c769104360ded30d2826","name":"Susan Lahey","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cab60e69514f8fa9da35d98b8240df92?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cab60e69514f8fa9da35d98b8240df92?s=96&d=mm&r=g","caption":"Susan Lahey"},"description":"Susan Lahey started her career as a business reporter for The Kansas City Star and has worked as a freelancer covering business, investment, technology, sustainability and science for numerous publications. She has also worked as a writer and editor for publicly funded projects mandating environmental cleanup of a molybdenum mine in Northern New Mexico; and recovery and resiliency measures following Hurricane Maria in Puerto Rico. Recently she worked as Director of Communications for a European wave energy company.","url":"https:\/\/www.esgtoday.com\/author\/susan-lahey\/"}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/14897"}],"collection":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/comments?post=14897"}],"version-history":[{"count":0,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/14897\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media\/14898"}],"wp:attachment":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media?parent=14897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/categories?post=14897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/tags?post=14897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}