20 Apr '17, 1pm

#wind

#wind

To partially fund its wind energy and solar photovoltaic projects in Chile, Acciona has signed a EUR 100 million green loan with Banco Bilbao Vizcaya Argentaria (BBVA). According to Acciona, green loans are regulated under the same criteria as green bonds: An independent auditor certifies that the project is sustainable. The long-term loan is funded entirely by BBVA and is structured as a green instrument, meaning it is certified to conform to the “green bond principles” of Vigeo Eiris, an independent rating and research entity. In 2014, Chile’s National Energy Commission (CNE) awarded a contract via competitive tender to Acciona Energy Chile to supply 600 GWh/year for 15 years to Chilean electricity distributors in the Central Interconnected System (CIS). In another tender held in August 2016, the CNE awarded the company a contract to supply 506 GWh/year for 20 years to d...

Full article: http://nawindpower.com/acciona-signs-green-loan-wind-sola...

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