EIB will finance several projects in Iberdrola’s investment program (2011-2014) relating to R&D and innovation in new technologies in renewable energies, conventional power generation, and power transmission and distribution.
Iberdrola said this investments aim to diversify its product and service range and adapt its existing products to new markets.
The projects funded with this loan will be carried out at Iberdrola’s R&D and innovation facilities in the European Union, with 70% going to Spain and 30% to the UK, and a third of the investments will be made in convergence regions in Spain.
