Norwegian wealth fund buys into 1.3GW Iberdrola portfolio
Norges Bank Investment Management (NBIM) has signed an agreement to acquire a 49% interest in a 1.3 GW portfolio of solar and onshore wind farms in Spain.
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Iberdrola opens call for solutions to include nature in offshore wind farms
Spanish energy developer Iberdrola has opened a call for start-ups to improve the protection of marine diversity in its offshore wind projects. The initiative highlights the sector’s trend towards increasing sustainability as the demand for offshore wind is set to boom.
Iberdrola continues UK hydrogen rollout
Iberdrola Group continues to pursue its green hydrogen ambitions via a new €170 million large-scale green hydrogen plant at Felixstowe in the UK.
Iberdrola on track for EU Taxonomy investment alignment
Iberdrola’s latest credit agreement is to fund a €1.1 billion portfolio of wind and PV generation, which builds on its green debt strategy. The group now has more than €33 billion in green and sustainable financing with 90 % of its credit lines being sustainable in one way or another.
BP to invest £50m in UK battery technology
Global energy giant BP Plc has announced plans to invest £50 million (c. $60 million) in a UK-based electric vehicle (EV) battery testing centre, building up its capacity in the EV market.
Spanish government drives ESG finance with €300m Iberdrola fund
Adoption of the EU’s Sustainable Finance Disclosure Regulation (SFDR) has led to the launch of Europe’s first aligned venture capital fund. Iberdrola, ICO Next Tech Fund and Nortia Capital have announced they are teaming up with Seaya Ventures to launch a new €300 million venture fund, Andromeda.