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Vigeo Eiris has provided a second-party opinion on the sustainability credentials and management of Iberdrola’s Green Bond

The €750 million Green Bond, issued on April 1st 2020, will finance the design, construction, operation and maintenance of renewable energy projects for wind and photovoltaic technologies

We assigned a Second Party Opinion (SPO) on the sustainability credentials and management of the Green Bond issued by Iberdrola. Our opinion is that this Bond is aligned with the four core components of the Green Bond Principles (2018) and we have expressed a reasonable assurance (our highest level of assurance) on the contribution of this Bond to sustainable development.

Vigeo Eiris has produced more than 260 second-party opinions on sustainable financing operations in Europe, Africa, the Americas and Asia. We were the 3rd biggest SPO provider in the market by number of deals in 2019 and are a Climate Bonds Standard Approved Verifier.

Iberdrola 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.

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