Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The European Investment Bank (EIB) and Iberdrola signed a €500 million green loan to finance the Windanker offshore wind farm in the German Baltic Sea, providing long‑term debt backing for the 315 MW project. The loan, guaranteed by the Spanish export credit agency Cesce and framed within the EIB Group’s TechEU cleantech initiative, supports construction of Windanker, which will supply renewable electricity to around 600,000 people per year and help reduce CO₂ emissions by an estimated 672,000 tonnes annually.