Iberdrola secures EUR 29 million EIB green loan for 40-MW Labraza wind farm in Spain

• Iberdrola secured a EUR 29 million EIB green loan to advance the 40 MW Labraza onshore wind project in Alava, Spain.
• Total investment set at EUR 59 million; start-up positioned as the Basque Country’s first new wind farm since 2006.
• Annual output targeted at about 100,000 MWh; expected to supply about 75,000 people.
• Project forecast to avoid about 16,300 metric tons of CO2 emissions per year.

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