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€500M Green Loan Powers Iberdrola's Baltic Wind Farm

11/4/2025

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Summary

Story summary

The European Investment Bank (EIB) has secured a €500 million green loan for Iberdrola's Windanker offshore wind farm in the German Baltic Sea.
The project will generate 315 MW of renewable energy, power 600,000 people annually, and reduce emissions by 672,000 tonnes.
Construction began recently and is set for completion in late 2026.
GIGA.GREEN and Kommunalkredit Austria AG finalized a €30 million revolving facility to expand solar projects in Germany.

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Story summary

The European Investment Bank (EIB) has secured a €500 million green loan for Iberdrola's Windanker offshore wind farm in the German Baltic Sea.
The project will generate 315 MW of renewable energy, power 600,000 people annually, and reduce emissions by 672,000 tonnes.
Construction began recently and is set for completion in late 2026.
GIGA.GREEN and Kommunalkredit Austria AG finalized a €30 million revolving facility to expand solar projects in Germany.