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Acciona banks Chile green loan

€100m financing package audited to certify sustainability contribution

Acciona banks Chile green loan image

Acciona has received a €100m "green" loan from Banco Bilbao Vizcaya Argentaria to help fund its solar PV and wind energy projects in Chile.

The funding type is similar to a green bond, in that it is independently audited to certify that the capital is contributing to sustainability.

Acciona said the long-term loan was one of the first of its kind ever awarded to a Spanish company. It is certified to comply with green bond standards by rating firm Vigeo Eiris.

Image: the Punta Palmeras wind farm in Chile (Acciona)

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