News & Publications

Company & Organisation News - 16/02/2021

V.E provides SPO for Iberdrola’s Green hybrid bond

Iberdrola's Green hybrid bond will finance two Offshore Wind Projects

V.E has provided a Second Party Opinion (SPO) on Iberdrola’s Green hybrid bond. The bond has been designed to finance one offshore wind project located in Saint-Brieuc (France) with a planned installed capacity reaching 496 megawatts, and one offshore wind project located close to Rügen island (Germany) with a planned installed capacity reaching 476 megawatts. The framework governing this Issuance has been updated in May 2020.

V.E assigned a Second Party Opinion (SPO) on the sustainability credentials and management of Iberdrola’s Green hybrid bond. V.E is of the opinion that this Bond is aligned with the four core components of the Green Bond Principles (2018). We express an advanced assurance on the contribution of this bond to sustainability.

Iberdrola, S.A. is engaged in the generation, transmission, distribution, sale and retail of electricity. The Company generates electricity through several resources including hydroelectric, nuclear, coal and cogeneration. Iberdrola also stores, trades in and retails natural gas.

V.E has produced more than 300 second-party opinions on sustainable financing operations in Europe, Africa, Americas and Asia. We are a Climate Bonds Standard Approved Verifier.

FULL SPO available below.

 

For more information on this mission and V.E’s SPO services for Bonds and Loans:

Savannah Rowe

Communications Assistant

savannah.rowe@vigeo-eiris.com

Benjamin Cliquet

Head of Sustainable Finance Business Development

benjamin.cliquet@vigeo-eiris.com

About V.E

V.E is a global leader in ESG assessments, data, research, benchmarks and analytics. Leveraging our extensive proprietary database, we equip market players with the ESG insight they need to manage risks and better understand and address their social and environmental impact. Since 2019, V.E has been an Affiliate of Moody’s Corporation. V.E has an industry unique ISO 9001: 2015 quality certification for its processes relating to methodology, assessments, sale and delivery of its data to all types of investors and issuers. V.E is a Climate Bonds Initiative Verified Provider of Second Party Opinions. With a team of nearly 300 experts of 30 different nationalities, V.E is present in Paris, London, Brussels, Casablanca, Hong Kong, Milan, New York, Rabat and Santiago.

For more information about V.E: vigeo-eiris.com

For more information about Moody’s ESG Solutions: moodys.com/esg

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icon-download-34x36 Iberdrola SPO - February 2021
Keywords : green bond, Second Party Opinion, SPO, SUSTAINABLE FINANCE