Iberdrola secures €300 million to develop renewables in coal dependent countries

Iberdrola will develop renewable energy projects in Morocco, Vietnam and Poland. Image: Iberdrola

Spanish utility Iberdrola has been granted €300 million (US$328.7 million) by the World Bank’s private sector investment arm, the International Finance Corporation (IFC), to develop renewable energy projects in countries dependent on coal, including Morocco, Vietnam and Poland.

Iberdrola said that of the agreed amount, €170 million had already been committed to finance onshore wind projects in Poland.

(The above content is reproduced from pv-tech,By Simon Yuen


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