Iberdrola secures 300 million to develop renewables in coal dependent countries
The International Monetary Fund (IMF) has announced a loan of 138 million to help renewable energy giant Iberdrola increase its greenhouse gas emissions by more than 60% in the next three years. Another loan is expected to be given to the Spanish energy company, Neo, which has been involved in developing offshore wind and hydropower projects.. (). The latest financial announcement has come into effect on Friday. The BBC s Christine Blasey reports from the UK and the US. A loan could help the energy industry in Europe, Latin America and Morocco. It is the first major loan to support the countrys biggest electricity utility, and it is considering funding cuts to its nuclear power supply in Poland, Vietnam and Vietnam. This is an agreement signed in May 2023 to promote the decarbonisation of energy in emerging countries, the International Energy Co-operation and Development Agency (IFC) is to provide another loan for its subsidiary in Portugal, Brazil, Italy and South America, to boost the economic growth of the oil and gas power company - and also says it has received an extra 100m loan. But the government has confirmed that it will receive an 18.8bn loan from IMF to fund its new schemes to tackle climate change and de carbonisation, energy and energy projects in Brazil and Latin American nations. Here is what it believes are the key targets for the firm. BBC News looks at how it plans to expand its energy programme in Asia and Asia. And according to it, it wants it to give further support.
Source: pv-tech.orgPublished on 2024-01-08
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