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Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Spain : € 100,000,000
Energy : € 100,000,000
Signature date(s)
19/01/2021 : € 100,000,000
Link to source

Summary sheet

Release date
19 April 2021
Status
Reference
Signed | 19/01/2021
20200411
Project name
Promoter - financial intermediary
IBERDROLA INNOVATION & SUSTAINABILITY
IBERDROLA SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
EUR 217 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project is an investment programme of selected investments in research, development and innovation (RDI) in the Promoter's strategic business areas over the period 2020-2023, developing innovative and sustainable technologies and initiatives in the fields of: i) renewable energy sources and technologies for the integration of a renewable mix, ii) innovative customer smart solutions (in retail) and digital innovation. The investments are intended to develop the Promoter's range of technologies, products and services, and to transform existing products into innovative ones as well as increase operational efficiency and excellence. The RDI activities will all be carried out in existing research and development (R&D) facilities at several locations in Spain.

The RDI programme is focused on contributions towards Sustainable Development Goals (SDGs) in both energy and business sustainability, including clean generation technologies, smart solutions and devices, digitalisation, automation and cybersecurity, as well as programmes aimed at environmental impact prevention and remediation, socio-economic development, cooperation and solidarity, among others.

Environmental aspects
Procurement

The EIB will check during the diligence that the full scope of the project is eligible for EIB financing, in particular the envisaged clean or low emission technologies, in view of the new EIB Energy Lending Policy (ELP).

The EIB will check during the diligence that the full scope of the project is eligible for EIB financing, in particular the envisaged clean or low emission technologies, in view of the new EIB Energy Lending Policy (ELP).

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - IBERDROLA INNOVATION & SUSTAINABILITY
Publication Date
5 Dec 2020
Document language
Main Topic
Lending
Document Number
133497107
Document Focus
Environmental Information
Project Number
20200411
Sector(s)
Regions
Countries
Publicly available
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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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