Energy
Repsol Gets Loan for Green Projects in Spain From Credit Agricole, Others
- BBVA and Sabadell are also part of €348 million financing
- Loan willl fund 400-megawatt wind and solar portfolio
Repsol SA was the first oil major to pledge net zero emission by 2050.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Repsol SA has secured €348 million ($362 million) of financing for clean energy projects in Spain from banks including Credit Agricole SA, as part of its drive to diversify away from fossil fuels.
BBVA SA and Banco de Sabadell SA are also part of the group of lenders, as well as Spain’s development bank ICO, according to a spokesperson for the Madrid-based oil major.