News
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28/05/2024Iberdrola breaks 2,000 charging points at Mercadona supermarkets Iberdrola, through its subsidiary in Spain , has installed its first 2,000 charging points at Mercadona supermarkets and workplaces, the Spanish food distribution group, building the largest semi-fast charging network in the country. The points located at some 450 Mercadona locations throughout Spain are part of the collaboration agreement signed by the companies last year to promote sustainable mobility . With this partnership, Iberdrola España will be responsible for the supply, commissioning and operation of up to 3,500 charging points in 800 supermarkets in Spain and Portugal. With this infrastructure, while shopping users can charge their car batteries with up to 22 kW of power, meaning they will be able to charge 100 km in 45 minutes or, to put it another way, gain sufficient autonomy for an average day’s driving. All points are powered by 100% energy from renewable sources with a guarantee of origin certificate. All the points are available on Iberdrola España's public charging app, the most highly rated in the industry, where you can find and geolocate verified information on all the chargers, check their operation in real time and reserve and pay from your mobile phone. You can read the full article in the Iberdrola España Communications Room . READ MORE
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28/05/2024Iberdrola commissions Saint-Brieuc - the second offshore wind farm in France and the first in Brittany Iberdrola has announced that Saint-Brieuc has become the second fully operational offshore wind farm in France and the first in Brittany. As of 28th May 2024, all wind turbines are operational in the project, which has a total capacity of 496 MW (megawatts). The entire production from the 62 turbines is now feeding into the national electricity grid, managed by RTE. To date, the 8 MW turbines are the most powerful to be installed on an offshore wind farm in France. Located off the coast of Brittany, the park's production is around 1,820 GWh/year (gigawatt hours per year), which represents 9% of Brittany's total electricity consumption. With this new commissioning, Iberdrola consolidates its position as a leader in the development and operation of offshore wind globally. Saint-Brieuc is the 4th offshore wind farm developed, built and operated by Iberdrola in the world, after West of Duddon Sands (Irish Sea, 389 MW), Wikinger (Baltic Sea, 350 MW) and East Anglia One (North Sea, 714 MW). Iberdrola has also started the construction of Baltic Eagle (476 MW) in Germany, East Anglia 3 (1.4 GW) in the United Kingdom and Vineyard Wind 1 (806 MW), the first offshore wind farm in the United States. "We are particularly proud today to announce the full commissioning of the Saint-Brieuc offshore wind farm, twelve years after being named the winner and three years after the start of installation work. I would like to thank all the stakeholders in the region who have supported us over the years, as well as the teams at Iberdrola and our suppliers, who have been involved since 2012 in the realization of this major industrial project, which is supporting the energy transition and employment in France," says Emmanuel Rollin, Director France of Iberdrola. "The challenge for us, as a European leader in renewables, was to create the foundations of a sustainable industrial sector for French offshore wind power. We have worked hard to involve local companies in this project by supporting them in training to develop their skills and expertise in this fast-growing segment ," comments Stéphane-Alain Riou, Director of Offshore Wind Energy at Iberdrola France. A contribution to the French offshore wind energy sector The total investment in the Saint-Brieuc offshore wind farm, which started development in April 2012, amounts to €2.4 billion, 100% financed by Iberdrola. The development and construction of the wind farm has mobilized more than 1700 jobs in France, including more than 500 jobs in Brittany. Since 2012, through its subsidiary Ailes Marines, Iberdrola has helped to make the Saint-Brieuc offshore wind farm a driver of local economic development, offering many opportunities for regional companies to join forces and further develop their activity. The components of the jacket foundation were partly built and assembled on the Brest polder by the Navantia Windar. The electrical equipment for the masts of the 62 wind turbines was assembled by the company Haizea Breizh, also on the Brest polder. The wind turbines for the Saint-Brieuc wind farm were manufactured in France, on the new industrial site of Siemens Gamesa Renewable Energy, located in the port of Le Havre. READ MORE
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24/05/2024Iberdrola seeks startups to inspect and digitise its wind farms Iberdrola's commitment to offshore wind farms is absolute. Europe's largest electricity company by stock market value, with around 80 billion euros, will invest around 15.5 billion euros in renewables between 2024 and 2026, 54% of which will go to offshore wind in the United States, the United Kingdom, France and Germany. Through the PERSEO startup programme , the company is looking for solutions to improve its offshore wind installations with fully autonomous or remote-controlled equipment. The mission is to improve the technology of these types of wind farms, as offshore environments are often harsh and experience extreme weather conditions. The equipment must be able to withstand these conditions to optimise maintenance inspections and reduce time and risk for employees. The safety of the workforce is one of the pillars of the utility. The PERSEO initiative is looking for a company to offer autonomous or remotely operated vehicles (ROVs), subsea component inspection systems for turbines and substations (jackets, foundations, subsea cables...), image or video capture and condition scanning with subsequent data analysis - complete inspection packages including 3D modelling solutions or digital twins - and on-site preventive maintenance and repair capabilities when possible or necessary. Interested companies should send their proposals to Iberdrola, and, following a selection process, the chosen company will conduct tests with PERSEO or another Iberdrola company that will cover the cost of these activities and provide the winner with all the technical assistance needed. This includes testing in a real data environment to evaluate the solution, access to tools, equipment, infrastructure, high-tech sites and shared work areas. The project will be developed in collaboration with specialised technicians from Iberdrola's renewables and offshore business areas. In addition, if the trial or test is successful, Iberdrola may offer the winner the opportunity to scale the solution through commercial agreements. Furthermore, PERSEO may consider investing in the participating company or in the winning solution of the challenge. At the end of last year, Iberdrola had installed capacity of around 1,800 MW in offshore wind and some 3,000 MW already under construction, with the aim of reaching 4,800 MW of capacity in this technology by 2026. Its operational wind farms are in the United Kingdom (West of Duddon Sands and East Anglia One), Germany (Wikinger) and France (Saint Brieuc), while the German Baltic Eagle and the US Vineyard Wind, as well as the German Widanker and the British East Anglia Three, are scheduled to start up this year. The driving force behind start-ups in the energy sector Since its creation in 2008, PERSEO has invested more than 175 million euros in startups that develop innovative technologies and business models, focusing on those that improve the sustainability of the energy sector through greater electrification and decarbonisation of the economy. The programme has focused its actions on the analysis of business opportunities and technological collaboration with startups and emerging companies around the world. Through PERSEO, Iberdrola launched the Venture Builder programme in 2020 with 40 million euros for the creation of new business models aimed at supporting electrification in sectors that are difficult to decarbonise and the development of circular economy solutions, among others. READ MORE
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24/05/2024Galán attends the presentation of the book 'Letters to a Queen' Arturo Pérez-Reverte, accompanied by the President of the Council of State, Carmen Calvo, and the Chairman of Iberdrola, Ignacio Galán, presented 'Letters to a Queen', a book published by Zenda in collaboration with Iberdrola, last night at the Lázaro Galdiano Museum in Madrid. The work, in which more than thirty personalities from the world of national politics and culture have participated, is a rich and diverse look from the Spain of today to the Spain of tomorrow. Arturo Pérez-Reverte opened the event by stressing during his speech that "the idea was to bring together people of all kinds and create a plural book, but always with respect. And it is. It is a respectful, interesting book that will give food for thought. Not only to readers but also to the person to whom it is addressed, Princess Leonor, the future Queen of Spain, has food for thought in this book". For her part, Carmen Calvo, author of one of the letters in the book, pointed out that "this book is a mosaic or collage of the Spain we are living in at the moment. This book is the definitive product of the maturing of freedoms and coexistence in our country; a book full of men and women, from different professions and with different points of view". Presented by the journalist Helena Resano, the event also featured the comedian Raúl Cimas and the actor Emilio Buale, who read some fragments of each text together with Helena Resano. The event was attended by the head of the Royal Household, Camilo Villarino , in what has been an intense week for the Royal Family. These days commemorate the celebration of the twentieth anniversary of the marriage of Their Majesties the King and Queen. In addition, Princess Leonor received various distinctions from the city of Zaragoza before finishing her time at the Military Academy. Zenda and Iberdrola strengthen their relationship Cartas a una reina' is the eighth collaboration between the literary website and Iberdrola, after the great reception of the previous volumes: Bajo dos banderas (2018), Hombres (y algunas mujeres) (2019), Heroínas (2022), 2030 (2020), Historias del camino (2022) and Las luces de la memoria (2023) under the editorial direction of Arturo Pérez-Reverte. The book, which began to be written at the beginning of this year, has an illustration by Riki Blanco on its cover. Book available in Zenda The book is available in its electronic version and can be downloaded free of charge from the website zendalibros.com . It has been written by Carlos Alsina, Rubén Amón, Manuel Aragón Reyes, Miguel Arias Cañete, Carmen Calvo Poyato, Ignacio Camacho, Josep Antoni Durán i Lleida, Najat El Hachmi, Espido Freire, Susana Fortes, Luz Gabás Ariño, Edu Galán, Ignacio S. Galán, Jesús García Calero, Juan Gómez-Jurado, Raquel Llanseros, José Carlos Llop, Antonio Lucas, Luisgé Martín, Sergio del Molino, Juan Carlos Monedero, Alberto Olmos, Ana Pastor, Arturo Pérez-Reverte, Ignacio Peyró, Carmen Posadas, Soledad Puértolas, Pilar Reyes, Gabriel Rufián, José Manuel Sánchez Ron, Ana Iris Simón, Juan Soto Ivars, Eduardo Torres-Dulce, Andrés Trapiello and Sergio Vila-Sanjuán. READ MORE
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23/05/2024"Strengthening the single market and the Energy Union makes Europe stronger, greener, and more competitive" The topics of energy security and tackling climate change are at the forefront of the current European debates. The European Green Deal, the Fit for 55 and Repower EU packages and the European Electricity Market Reform are the right policy frameworks to increase Europe’s self-sufficiency and promote decarbonization. But we need to accelerate implementation: the solution is a more united Europe. The report last month from Enrico Letta is a great step in the right direction: it highlights the benefits that could be delivered by overcoming barriers to further strengthening the Single Market, in particular the Energy Union. Deeper integration, more electrification with clean energies, stronger interconnection infrastructures and power grids and unifying energy taxation will bring competitive, secure, and sustainable energy to European citizens and allow them to benefit from new economic, industrial, and employment opportunities. A stronger Europe, with fewer barriers, means a greener and more competitive Europe. Ignacio Galan, Executive Chairman of Iberdrola READ MORE
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22/05/2024Iberdrola expands its alliance with pharmaceutical giant Bayer to supply green energy in Italy Iberdrola and German pharmaceutical giant Bayer have extended their partnership, signing a green power purchase agreement (PPA ) in Italy for 11 years from January 2025, for a total of 33 GWh over the period. The agreement expands the international alliance between Bayer and Iberdrola, adding to existing agreements between the two companies in Spain and Mexico to promote cleaner and more sustainable consumption. Bayer's plant in Garbagnate (Milan) will use only electricity from renewable sources, confirming the pharmaceutical company's commitment to environmental sustainability. The energy will be produced by the Montefiascone photovoltaic plant (in the Lazio region), Iberdrola's second photovoltaic plant in Italy with a total installed capacity of 7 MW. Once operational, the plant will prevent the emission into the atmosphere of more than 3,200 tonnes of CO2, equivalent to the electricity demand of more than 4,000 homes. Iberdrola's role in Italy Iberdrola is actively involved in the development of strategies and solutions for industrial decarbonisation, based on the use of renewables and the promotion of self-consumption, which enable the reduction of environmental impact. With the inauguration of its second operational plant and the completion of the photovoltaic plants already authorised, Iberdrola will have an operational capacity of 400 MW in Italy by 2025. Several companies in Italy have already entrusted Iberdrola with the long-term supply of green energy through corporate PPA agreements, such as those signed this year with the Tosano supermarket chain and the BTicino metallurgical company. Leading the PPA market Iberdrola has signed long-term power purchase agreements in Europe, the UK, the US, Brazil, Mexico and Australia from onshore wind, offshore wind and photovoltaic projects. The group began developing this type of agreement more than a decade ago and Iberdrola is now the leader in the ranking of PPAs in Europe in 2023, according to the consultancy Pexapark. Iberdrola has sold around 90% of the energy it plans to generate between 2024 and 2025, giving the company visibility in delivering sustainable energy in the long term. READ MORE
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17/05/2024Iberdrola and Avangrid reach an agreement to acquire 100% of the American company Iberdrola has today signed an agreement to acquire the 18.4% minority stake in its US subsidiary Avangrid , which it previously did not own. The Board of Directors of Avangrid has approved the transaction, following the recommendation of a committee made up entirely of independent directors that has been delegated the authority to oversee this operation (Special Committee). Iberdrola will acquire the additional capital for $35.75 dollars per share, according to the company’s filing with the National Securities Market Commission (CNMV). This price represents an improvement over Iberdrola's original proposal ($34.25 per share). Iberdrola previously owned approximately 81.6% of the U.S. company. This price represents an investment of $2.551 billion for Iberdrola - about €2.348 billion (at a 1.0866 EUR/USD exchange rate). Following the closing of the transaction, a request will be made to delist Avangrid shares from the New York Stock Exchange. The agreement has had the unanimous favourable vote of the members of the Boards of Directors of both Avangrid and Iberdrola. The objective of this transaction is to increase exposure to the networks business in the United States at a key moment for Iberdrola, which wants to grow in markets with strong credit ratings and in regulated businesses such as networks. The transaction is conditional on requisite shareholder approval and approval from various regulators, such as the Federal Energy Regulatory Commission and the state regulatory commissions of New York and Maine. Headquartered in Connecticut, Avangrid currently has $44 billion in assets and operations in 24 US States. Its main businesses are two: networks and renewable energy. Through its networks business, Avangrid owns and operates eight electric and natural gas companies, serving more than 3.3 million customers in New York and New England. Through its renewable energy business, Avangrid owns and operates a portfolio of renewable energy generation facilities throughout the United States. Currently, the company has 8,000 employees. In 2023, the company obtained an adjusted gross operating profit (EBITDA) of $2.43 billion. READ MORE
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17/05/2024Shareholders resoundingly support Iberdrola's strategy and management Iberdrola held its General Shareholders' Meeting today at the Iberdrola Tower in Bilbao, at which the group's chairman, Ignacio Galán, received resounding shareholder support for his management and strategy at the helm of the company. The Board, with a quorum of attendance over 75%, approved all the proposed resolutions included in the agenda with an average of 98,2% votes in favour. During his speech, Ignacio Galán highlighted the positive impact that the company is delivering. "The huge investments, the geographical diversification, our financial strength and the best team are the foundations to ensure we remain on our path of growth in results and dividends," he said. Thanks to the €11.4 billion invested in electricity grids, renewables, and storage infrastructure in 2023, the company has further promoted energy autonomy, environmental protection, competitiveness and employment worldwide. This effort means Iberdrola now manages an asset base in excess of 150 billion euros and delivered a net profit of 4.8 billion euros in 2023. With these results, the General Shareholders' Meeting – at the proposal of the Board of Directors – has approved the distribution of more than 3.5 billion euros among shareholders, which represents an increase of 10.8% in remuneration charged to 2023 results compared to 2022, to 0.55 euros gross per share. This amount is made up of the €0.202 gross per share already paid in January, plus another €0.348 gross per share to be distributed in July. In addition to this shareholder remuneration, there will also be an engagement dividend of €0.005 gross per share, after achieving a quorum of 70% of the share capital at the Shareholders' Meeting. Thanks to the company's continued growth trajectory , any investor who has reinvested their dividends since 2001, will have seen their profitability grow by 10 times. This growth has seen Iberdrola become the leading electricity company in Europe with a market capitalization of around 80 billion euros. Leading the electrification of the planet During his speech, the Mr. Galán stressed that 2023 has marked a turning point. "Technological advancement, coupled with the choice of electricity to increasingly cover the energy uses of millions of consumers around the world, makes electrification an unstoppable process." In this context, Mr. Galán believes that Iberdrola is well placed to maximize opportunities, thanks to its strategy and consistent delivery over decades. "We are in the best position to continue to set in motion a positive cycle of growth, financial strength and value creation for all. We are going to invest 41 billion euros up to 2026, compared to 32 billion euros in the previous three-year period," he said. Of this amount, almost two-thirds of the investments will be allocated to increasing capacity and digitization in electricity grids. "In renewables, we plan to invest a total of 15billion, of which more than half will go to offshore wind, in projects that we already have under construction, such as Saint Brieuc, in France; Baltic Eagle and Windanker, in Germany; Vineyard Wind, in the United States; and East Anglia 3, in the United Kingdom," said Mr. Galán. Commitment to society Mr. Galán also stressed that these positive forecasts will be accompanied by a focus on social commitment, as the company will continue to generate value for everyone: employees, customers, suppliers, the countries in which it operates and shareholders. "We are committed to incorporating 10,000 new professionals around the world in the next three years, increasing the diversity of a workforce that already has 90 nationalities and further encouraging the entry of women, which so far in 2024 has grown by 40%," he said. The Executive Chairman also stressed that he intends to make purchases of goods and services of approximately 40 billion euros from suppliers that employ more than half a million people. In addition, he pointed out that the company will contribute some 25 billion euros in taxation to 2026, supporting social services in all the countries in which the electricity company is present. This plan is underpinned by a commitment to the environment, which will see the company invest 9 out of every 10 euros in activities classified as sustainable by the authorities of the European Union. "Thanks to this commitment, we will further reduce our emissions, which today stand at just 60 grams per kilowatt hour, 80% less than our European competitors, until we achieve climate neutrality in our generation plants by 2030," he said. The plan will deliver a gross operating profit (EBITDA) of between 16.5 and 17 billion euros in 2026, and a net profit of between 5.6 and 5.8 billion, with a growth of around 20% in the period. This roadmap is also combined with improving financial strength and increasing the dividend in line with results, to between €0.61 and €0.66 per share in 2026, which is 20% more than present. The company will allocate a total of 11 billion euros to dividends over the next three years. Composition of the Board Shareholders have also resoundingly supported the proposals regarding the re-election of Nicola Mary Brewer and Regina Helena Jorge Nunes, as independent directors, as well as Íñigo Víctor de Oriol Ibarra, as external director. In this way, the company consolidates the high level of independence of the members of its Board of Directors and their diversity, at all levels. The broad age range, experience, and background of the directors, with six nationalities present on the governing body, reflect the company's firm commitment to diversity. READ MORE
