[SMM Flash News] Iberdrola Secures EUR 29 Million EIB Loan for 40-MW Wind Farm in Spain

Published: Jul 28, 2026 09:31

Save

Iberdrola and the Basque Energy Agency (EVE) have secured a EUR 29 million green loan from the European Investment Bank (EIB) to support construction of the 40-MW Labraza wind farm in Spain's Basque Country. The project, with a total investment of EUR 59 million, will be the region's first wind farm to enter operation since 2006. Expected to generate nearly 100 GWh of electricity annually, the facility will supply power to around 75,000 people and operate under power purchase agreements (PPAs) with local businesses.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

Month-end transactions were quiet, Shanghai spot copper premiums fell under pressure [SMM Shanghai spot copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, SHFE copper prices pulled back during the day, triggering a slight release of dip-buying inquiries and purchases from some downstream consumers. Buying sentiment in the Shanghai region improved from the previous trading day. However, according to SMM, current end-user orders are still mostly concentrated around 104,500 yuan/mt, and transaction prices for spot cargoes remain some distance away from downstream psychological price levels, leaving actual demand growth relatively limited. With month-end approaching, some buyers still need to restock cargoes with invoices dated this month. Supply of such cargoes is relatively tight, providing some support for their quotes. In comparison, the market for cargoes with invoices dated next month is more abundant, and suppliers show a strong willingness to sell. The price spread between current-month and next-month invoice cargoes is expected to persist. Overall, against the backdrop of copper price pullback driving dip-buying, demand for current-month invoice cargoes providing support, but only limited improvement in end-use consumption, Shanghai spot copper prices against the 2608 contract are expected to remain at a premium tomorrow, with the overall center likely to move sideways around the current level.

1 min ago

Metals broadly fell; lithium carbonate, coking coal, and SHFE silver dropped over 2%, while LME and SHFE tin, stainless steel, and polysilicon led the declines [SMM Midday Commentary]

1 min ago

22 mins ago

POSCO Future M to Build AI-Based Manufacturing Innovation System by 2028

POSCO Future M is moving ahead with manufacturing innovation by applying artificial intelligence (AI) across its entire production process. The company announced on July 28 that it has set “Battery of Things (BoT) Ecosystem Game Changer” as its digital innovation vision and established a roadmap for process standardization and company-wide, data-driven AI transformation (AX). POSCO Future M plans to complete the establishment of an AI-based manufacturing innovation system by the first half of 2028. At manufacturing sites, the company aims to introduce physical AI that analyzes equipment and production data in real time to control processes, with the goal of increasing productivity by 30%.

22 mins ago