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Iberdrola nets €500m loan for 1.4GW UK project

Richard Heap
July 25, 2023

Iberdrola has secured a €500m loan from Citi to support the development and construction of the 1.4GW East Anglia 3 offshore wind farm in UK waters.

The loan is partly backed by Norwegian export credit agency Eksfin. Iberdrola said the facility made it possible for the company to extend its debt funding at a competitive price.

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