Overview

Bank of China provides a €35 million EUR sustainability-linked loan to Acciona for unspecified purposes

Commitments (Constant USD, 2023)$37,844,402

Commitment Year•2023Country of Activity•SpainDirect Recipient Country of Incorporation•SpainSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 1, 2023

Last repayment (originally scheduled): Mar 1, 2026

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

Acciona, S.A.

Loan description

Bank of China provides a €35 million EUR sustainability-linked loan to Acciona for unspecified purposes

Interest type•UnknownMaturity•3 years

Narrative

Full Description

Project narrative

In March 2023, the Bank of China (BOC) entered into a €35 million EUR bilateral sustainability-linked loan (SLL) agreement with Acciona, S.A. — a Spanish multinational conglomerate in infrastructure and renewable energy listed on the IBEX 35 — for unspecified purposes. This loan carried a maturity period of three years and a final maturity date in March 2026. As a SLL, this loan featured two Corporate Key Performance Indicators (CKPIs) for the borrower's performance on two sustainable metrics, namely the reduction of scope 1 and 2 emissions in tons of carbon dioxide and the increase of number of hours of certified technical and vocational education and training (TVET) for women and vulnerable and underrepresented minorities.