Instituto de Credito Oficial (ICO)
Company description
Instituto de Crédito Oficial is a state-owned bank with the legal structure of a public sector company, attached to the Ministry of Economy and Business via the State Secretariat for Economy and Enterprise Support. ICO Foundation was created in 1993 in order to promote culture and art. Since 2003 it has existed as an ongoing, not-for-profit, public sector foundation with a national scope and independent assets. ICO also participates as a shareholder in other companies such as CERSA and COFIDES, as well as the European Investment Fund.and currently provides equity or quasi-equity instruments to companies to finance their growth.
Company details
Participation in projects
Projects as Project Owner per Country ()
Projects as Project Owner per Subsector ()
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The company has not participated in any projects.
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Company updates
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April 08, 2022
Iberdrola secures EUR88m loan for 100 MW solar PV park with 5 MW/20 MWh battery storage system in Puertollano
European Investment Bank (EIB) and Instituto de Credito Oficial (ICO) have agreed to lend EUR88 million (US$95 million) to Iberdrola for a green hydrogen project in Spain. Located in Puertollano, Cas...
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April 15, 2020
Europe’s largest photovoltaic plant commissioned in Spain
The largest photovoltaic plant in Europe has just come into operation last week. It discharged its first MWh of clean energy into the electricity grid on the 6th of April. Iberdrola has succeeded in c...
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January 21, 2020
X-Elio secures US$39m financing for Xoxocotla solar project
Spanish solar developer and operator X-Elio has secured a US$39.4 million financing for the development of its 70 MW Xoxocotla solar photovoltaic (PV) project in Mexico. IDB Invest has comm...
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January 02, 2020
Largest PV plant in Europe completed within a year
Iberdrola has completed the construction of the Núñez de Balboa project, the largest PV project in Europe in record time, in one year. The project recently obtained its commissioning per...
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July 17, 2019
Green financing for 500 MW PV solar plant in Spain
The European Investment Bank (EIB) and the Official Credit Institute (ICO) in Spain will finance the development of 500 MW Nuñez de Balboa photovoltaic solar plant, which&nb...
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June 26, 2019
Grenergy closes financing for 36.8 MW of wind projects in Peru
Grenergy has closed a financing agreement of US$40 million with the Latin American Development Bank (CAF) and the Instituto Oficial de Crédito (ICO), for the construction and development of two...
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June 05, 2019
Financing for 1,158 MW hydropower complex in Portugal
Iberdrola announced that it has received the largest ever green loan granted by Spanish Instituto de Credito Oficial (ICO), amounting to EUR400 million (US$446 million) with 12-year maturity and two-y...
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July 18, 2018
Acciona secures US$264 million for 400 MW solar project in Mexico
Acciona has announced that, alongside Tuto Energy, it has signed a financing agreement for the 404 MWp Puerto Libertad photovoltaic complex in Sonora, north-west Mexico. The two compani...
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December 05, 2017
Marguerite launches its second infrastructure and energy fund
Europe’s leading National Promotional Banks and European Investment Bank announced the launching of Marguerite II, a pan-European infrastructure fund with total commitments in excess of &eu...
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November 22, 2017
ACCIONA signs financing for wind farm in Victoria
Instituto de Crédito Oficial (ICO) and ACCIONA have signed an agreement for a loan of AUD75 million (US$56 million) to finance the construction and start-up of the Mt. Gellibrand...
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