ACCIONA, a global leader in sustainable infrastructure and renewable energy, has secured $327 million (approximately €300 million) in green financing to back projects aimed at cutting carbon emissions and promoting sustainable development in the Gulf Cooperation Council (GCC) region. This financing, structured as a green loan, aligns with ACCIONA’s Sustainable Impact Financing Framework and focuses on supporting local suppliers to develop low- or zero-carbon materials, including cement, steel, and concrete.
The funds will be directed towards climate mitigation and environmental conservation projects compliant with the EU Green Taxonomy. These initiatives will cover key areas such as renewable energy, energy efficiency, sustainable transport, and water management.
José Ángel Tejero, ACCIONA’s Chief Financial and Sustainability Officer, stated that this new financing reinforces ACCIONA’s commitment to advancing low-carbon solutions in the GCC. First Abu Dhabi Bank and Standard Chartered acted as Green Loan Coordinators, with SFI Markets facilitating the financing arrangement and Dentons providing legal counsel.
This financing move strengthens ACCIONA’s standing in the sustainable finance market, where 80% of its corporate debt now falls under sustainable financing structures.
