Sat Jan 18 23:30:00 UTC 2025: ## EDP Renováveis Seeks $500 Million Sustainability-Linked Loan for Renewable Energy Projects
**Madrid, Spain – [Date of Publication]** – Portuguese renewable energy company EDP Renováveis is seeking a significant boost to its expansion plans. The firm is applying for a $500 million sustainability-linked loan (SLL) from the International Finance Corporation (IFC), the World Bank’s private sector arm.
The IFC is considering providing up to $250 million directly, with the potential to mobilize an additional $250 million from other lenders. This seven-year, unsecured loan would primarily fund the construction of the Los Cuervos solar power plant in Mexico, alongside other renewable energy projects in developing countries. The IFC board is expected to make a decision on the loan by February 28th.
EDP Renováveis, a subsidiary of the Portuguese EDP Group and headquartered in Spain, currently operates wind farms in Brazil and Mexico. The SLL highlights the company’s commitment to sustainable energy development and its continued investment in emerging markets.
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