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Iberdrola Strengthens UK Energy Infrastructure with £600 Million National Wealth Fund Financing for Eastern Green Link 4 Project
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Iberdrola secures €700 million in funding to develop Eastern Green Link 4 project in UK
The Corner Link Securities | Iberdrola (IBE) has secured £600 million (around €700 million) in funding from the National Wealth Fund to develop the Eastern Green Link 4 project, an undersea electricity interconnector between Scotland and England, according to Bolsamanía. This infrastructure, which will be the company’s third project of its kind in the UK, will help strengthen the country’s energy security and advance its electrification goals, a…
Strategic plan of the National Wealth Fund Important financing for Iberdrola in the United Kingdom Iberdrola has obtained a loan of 700 million euros from the British National Wealth Fund for its Eastern Green Link 4 project, which includes a new underwater interconnection between Scotland and England. The aim of this new investment is to strengthen the energy security and self-sufficiency of the United Kingdom and to contribute to the achieveme…
Iberdrola obtains £600 million funding to develop Eastern Green Link 4, a key project for electrification and energy security in the UK.
Iberdrola has obtained a financing of 600 million pounds sterling (about 700 million euros) from the British National Wealth Fund for its ‘Eastern Green Link 4’ project, an underwater electrical interconnection between England and Scotland that aims to strengthen the UK’s energy security and self-sufficiency and will contribute to the achievement of the country’s electrification objectives, the Spanish company reported this Wednesday in a statem…
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