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Iberdrola S A : strengthens the development of the Labraza wind farm with €29 million in EIB financing
Iberdrola S A : strengthens the development of the Labraza wind farm with €29 million in EIB
About this update from Iberdrola Sa
News 27.07.2026 - 13:47 UTC +02:00 Iberdrola strengthens the development of the Labraza wind farm with €29 million in EIB financing onshore wind SpainGo to Tab Photos Labraza wind farm Iberdrola España, Iberdrola Group's subsidiary in Spain, and the Basque Energy Agency (EVE) have strengthened the development of the Labraza wind farm in Álava following the signing of a €29 million green loan with the European Investment Bank (EIB). With an installed capacity of 40 MW, Labraza will be the first wind farm to enter operation in the Basque Country since 2006. Located in the municipality of Oion, the project represents a total investment of €59 million and will generate nearly 100,000 MWh of clean energy each year, enough to supply around 75,000 people while avoiding approximately 16,300 tonnes of CO₂ emissions annually. The construction of the wind farm will also help stimulate the local economy and the wind energy supply chain. Around 100 jobs are expected to be created during the construction phase, while the project will also deliver positive benefits for nearby municipalities and businesses. The project also includes community participation mechanisms and renewable power purchase agreements (PPAs) at competitive prices for local businesses. This financing will support the development of key infrastructure to advance electrification, strengthen energy security and increase renewable energy generation in the Basque Country. You can read the full story in the Iberdrola España Media room.