Iberdrola

Avangrid_WindFarm_Google_172

Google Leads The Way In Purchasing Clean Energy; Signs 196 MW PPA With Avangrid

Google has reached power purchasing agreements with Avangrid Renewables for 196 MW of wind power. The agreements cover two wind farms, producing enough energy each year to power 50,000 households. The additional capacity helps Google reach its goal of purchasing enough renewable energy to match its energy use in global operations. Gary Demasi, Google’s director of global infrastructure stated: “with solar and wind declining dramatically in cost and propelling significant employment growth, the transition to clean energy is driving unprecedented economic opportunity and doing so faster than we ever anticipated.”

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Green Bonds

€1 Billion Raised Through Green Bonds By Iberdrola For Wind Energy Projects

Iberdrola; Spain’s top electric utility, has succeeded in raising a total of €1 billion through the issuance of green bonds with the aim of refinancing onshore wind energy projects, located across Portugal, Spain, and the United Kingdom. Investors showed an overwhelming response to the bonds, as they offered investments four times greater than the issue size. Bonds were offered for 10years, at a coupon rate of 1.125%. This rate ranks among the lowest issued for bonds by the company, enabling significant savings.

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