Spanish renewables pure-player Acciona Energia (BME:ANE) has successfully arranged a EUR-750-million (USD 817.5m) green financing loan to support its renewable energy projects, one its banks has announced.
CaixaBank SA (BME:CABK) said that it served as the sustainability coordinator for the loan, which Acciona Energia signed with nearly 30 Spanish and international financial institutions.
The financing facility falls under the Green Finance classification as it will directly contribute to working capital for projects aligned with the European Union’s Taxonomy Regulation, specifically within the category of construction and operation of renewable generation facilities.
The financing term spans three years, with an option for a two-year extension, the Spanish bank said.
(EUR 1.0 = USD 1.09)
