The financing from the EU bank will enable the company to install projects with a capacity of 1.1GW

The German firm aims to make renewable energy available around the clock using sustainable batteries, with plans to bring its Iron-Salt-Battery technology to utility-scale from 2025

The majority have said it’s already impacting their daily lives, income and homes

They intend to focus on green hydrogen and other clean technologies, including solar, wind and geothermal energy

The loan increase, which brings the total to around €820m, will support the development, modernisation and digitalisation of Iberdrola’s electricity distribution network

The loan will support the construction of solar and wind farms with a total capacity of around 1,800MW, generating enough electricity to power around one million homes

UCI’s Residential Energy Rehabilitation project aims to upgrade 3,720 homes and help reduce household energy consumption by an average of 50%

The funding will enable companies and utilities to implement measures for protection against a more extreme climate and other disasters

It will also use the financing to improve its water and sewerage network, implement circular economy projects and reduce emissions

Around 17km of old pipelines will be replaced with modern, pre-insulated ones as worn-out pipelines are currently causing major heat loss and increasing the risk of accidents