Clean Power Professionals Group
This special interest group is for professionals to connect and discuss all types of carbon-free power alternatives, including nuclear, renewable, tidal and more.
Post
Iberdrola raises $7.2bn through debt and green bonds, YTD 2022
The company has raised the capital through loans from a range of lenders, including multilateral financial institutions such as the European Investment Bank (EIB) and export credit agencies such as Instituto de Crédito Oficial, European Export Credit Agency, and Denmark-based EKF. BNP Paribas, CaixaBank, and Banco Santander are some of the other lenders that have supported Iberdrola this year. As of November 7th, 2022, Iberdrola holds more than €44.6bn in outstanding debt, of which over €22.7bn corresponds to green financing and ~€21bn originates from credit lines, loans, or commercial paper programs.
The company estimates its net debt to increase to €57.5bn at the end of 2025, driven primarily by the closing of the $8bn PNM acquisition and planned Capex for 2023-2025e, which is expected to reach €47bn. Of the total investments, €17bn is allocated to renewables, with offshore wind developments accounting for 46% of the pot. Iberdrola aims to raise its total installed renewables capacity from 40 GW at the end of 2022 to 52 GW at the of 2025. During the second half of this decade, the company envisages investments of €65-75bn to raise its renewables capacity to more than 80 GW, accounting for 80% of total power generation capacity.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
- PE-led farm-ins for European offshore wind assets surge by 6X y-o-y to 21 GW in 2022
- PE-led farm-ins for European offshore wind assets surge by 6X y-o-y to 21 GW in 2022
- Renewable Energy M&A: Danish investment firm AIP expands its US presence through the acquisition of solar-plus-storage assets
- US solar M&A activity led by deals for co-located storage assets for the time since 2018
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.
Sign in to Participate