News
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14/05/2024Ignacio Galán meets with shareholders in Bilbao prior to the 2024 AGM The Executive Chairman of Iberdrola participated this morning in Bilbao in the Shareholders' Day, held at Torre Iberdrola with more than 700 attendees, many of whom have been shareholders of the Company for generations. During the meeting, Ignacio Galán thanked the atendees for their support and involvement and reaffirmed the company's commitment to value creation. In this regard, he highlighted the increase in the dividend, which will reach 0.55 euros per share - an increase of 10.8% - in accordance with the proposal to be presented next Friday to the General Shareholders' Meeting. The Executive Chairman also highlighted Iberdrola's set of initiatives to promote employment and economic activity, environmental protection, innovation and social action. The latter make up the company's so-called social dividend, enshrined in its Articles of Association. The Executive Chairman also had the opportunity to comment on the 2024-2026 Strategic Plan, which will involve investments of €41 billion. Encouraging shareholder involvement Shareholder Day is one more of the initiatives launched by the Company throughout the year to encourage shareholder involvement. To this end, Iberdrola has the interactive channel OLA - On Line Shareholders, which deals with their queries in detail 365 days a year, thus functioning as a "permanent meeting". In addition to this initiative, there are other initiatives run throughout the year by the Shareholders' Club, such as visits and events and the sending of documents. And, of course, within the framework of the General Shareholders' Meeting, Iberdrola has implemented various options for attending, granting proxies, or voting remotely, which are available to all shareholders on its corporate website. READ MORE
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14/05/2024finalist for the Golden Tombstone Award for two of the best Corporate Development (M&A) transactions in 2023 The Golden Tombstone Awards of the Brazilian Institute of Finance Executives (IBEF) seek to encourage and stimulate the market by recognising fundraising operations that stand out for their relevance and innovation. Two Iberdrola Group operations in Brazil -Unique and Spring- stand out among the best of 2023 and have been selected as finalists. This prestigious award has three categories: Debt (DCM), Equity (ECM) and M&A (in which Neoenergia, the Group's Brazilian subsidiary, participates). No other project in the electricity sector has been selected for the final in this last segment, which once again reinforces the Group's capacity to carry out innovative operations with great value creation capacity. It is also the first time that a company has reached this decisive stage with two projects in the same category. Neoenergia is competing against Nestlé for the success of its Unique operations, which involved an alliance with GIC as a partner in the transmission business , and Spring, a swap of hydroelectric assets with Eletrobras. The final result will be announced on 19 June. READ MORE
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09/05/2024First wind turbine installed at Baltic Eagle offshore wind farm The first of a total of fifty wind turbines has been successfully installed at the 476 MW Baltic Eagle offshore wind farm, a joint venture between Iberdrola, a world leading clean energy company, and Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse. Working in partnership with Vestas, the remaining wind turbines will now be transported to the offshore construction site in the coming months and then installed using the jack-up vessel Blue Tern owned by Fred. Olsen Windcarrier. Baltic Eagle is on track to become operational by the end of 2024, when it will supply renewable energy to around 475,000 households and contribute to Germany’s clean energy transition. Milestone reached thanks to strong partnerships “With the installation of its first wind turbine, Baltic Eagle is taking shape off the German Baltic coast. This marks the start of the final phase in the construction of the offshore wind farm, which is expected to become fully operational later this year," commented Felipe Montero, CEO of Iberdrola Deutschland. “My special thanks go to the Baltic Eagle team for their tireless efforts and outstanding performance. Thanks to the support of Vestas and our partner Masdar, we are confident that we will successfully complete what so far has been an outstanding construction campaign. With the commissioning of Baltic Eagle, the second offshore wind farm in our Baltic Hub, Iberdrola Deutschland continues its growth path, making a significant contribution to Germany’s Energy Transition." Husain Al Meer, Director, Global Offshore Wind at Masdar added: “We are delighted that, together with Iberdrola and Vestas, we have taken this significant step toward making the landmark Baltic Eagle wind farm a reality. Masdar has a long-standing commitment to advancing offshore wind projects across the globe. Baltic Eagle will provide clean, renewable power to hundreds of thousands of homes, reducing carbon emissions and supporting Germany with its energy transition. We look forward to seeing the project come to life over the coming months, delivering tangible benefits to the local community and setting a precedent for sustainable energy solutions.” “It’s a special moment to see the first wind turbine at Baltic Eagle installed, reflecting how everyone involved supports Germany’s clean and secure energy and offshore wind targets in the Baltic Sea,” says Nils de Baar, President of Vestas Northern & Central Europe. “Vestas is proud to be part of this project and our thanks go to our partner Iberdrola for their trust in our technology and the strong and productice collaboration since the beginning of this project.” Proven technology and tried-and-tested installation methods The Baltic Eagle offshore wind farm will generate its green electricity from a total of 50 Vestas V174-9.5MW wind turbines, each with an output of 9.525 megawatts (MW). The wind turbines have a rotor diameter of 174 meters and a hub height of 107 meters. The optimized rotor blades are each 85 meters long and have been designed to be aerodynamically efficient and to minimize loads. The finished turbines reach a total height of 194 meters. Fred. Olsen Windcarrier's jack-up vessel Blue Tern is particularly suitable for the challenging terrain in the Baltic Sea thanks to its long legs. With its 800-ton main crane and a variable deck load capacity of 8,750 tons, it transports the towers, nacelles and rotor blades to the offshore construction site and erects them on the transition pieces. Fred. Olsen Windcarrier already gained experience in the Baltic Sea during the construction of the Iberdrola offshore wind farm Wikinger. Iberdrola’s Baltic Hub The Baltic Eagle offshore wind farm is an important part of Iberdrola's “Baltic Hub“ in the German Baltic Sea. It is located north-east of the island of Rügen off the coast of Pomerania and is planned and operated from the port of Mukran in Sassnitz. Scheduled to be operational by the end of 2024, the 476MW offshore wind farm will supply around 475,000 households with renewable energy while reducing carbon dioxide emissions by about 800,000 tons per year. Baltic Eagle is the second of three major projects in Germany, along with the Wikinger (350 MW, in operation) and Windanker (315 MW, entering execution phase) wind farms. Collectively, these offshore wind farms form Iberdrola's so-called “Baltic Hub”, which will have a total capacity of more than 1.1 GW in 2026 and trigger an investment sum of about 3.7 billion euros. The Baltic Eagle offshore wind farm is an important component in the integrated growth strategy that Iberdrola is pursuing in its German core market. In the area of sustainable energy solutions, the company aims to cooperate with key players in the German economy to support them in achieving their climate targets with market-based solutions. Iberdrola’s partnership with Masdar Masdar and Iberdrola signed a strategic agreement in July 2023 to co-invest in Baltic Eagle. At COP28, the two companies announced a further EUR15 billion strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in key markets including Germany, the UK and the US. READ MORE
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08/05/2024Iberdrola extends its commitment to equality to 800,000 female athletes Iberdrola has reinforced its commitment to women's equality through sport with the incorporation of three new National Federations to the total of 32 it has been supporting to date, thus reaching the figure of 35 and promoting 800,000 female athletes. The company's commitment to women's sport as a driving force for equality dates back to 2016 and, since then, it has been the first company to make a global commitment to women's participation in this field and its main promoter. With the incorporation of golf, paddle tennis and cycling federations, the number of women supported by the company has increased by 200,000 – reaching 800,000 sportswomen and 160 women's competitions, although the indirect boost is much greater, given that it also benefits many more women and girls who play sport at a grassroots level. As of today, Iberdrola supports the National Federations of Athletics, Badminton, Handball, Boxing, Ice Sports, Fencing, Football, Gymnastics, Hockey, Karate, Canoeing, Rugby, Surfing, Table Tennis, Triathlon and Volleyball, Underwater Activities, Bowling, Winter Sports, Weightlifting, Judo, Olympic Wrestling, Mountaineering and Climbing, Swimming, Skating, Ball, Rowing, Squash, Taekwondo, Tennis, Archery, Sailing, Golf, Paddle Tennis and Cycling. Iberdrola Executive Chairman Ignacio Galán participated in the event of the three new Federations incorporation, which was hosted by Mónica Carrillo and attended by around 200 sportswomen representing all 35 Federations. The event took place the National Golf Centre facilities, which hosted a mini padle tennis court, a small practice area for golf and another area with bicycles, where sportswomen representing each of the three new sports challenged each other to practice their respective sports in a competition in which they were all winners because, as the motto of the event stated: "Promoting women's sport we all win". They are high-level sportswomen, including Ana Peláez, Iberdrola Ambassador, ranked 11th in the World Amateur Golf Ranking; Esmeralda Racionero, member of the national junior cycling team; and María Silvela, world champion and 13 times Spanish paddle tennis champion. For Iberdrola, this drive is an excellent tool for building equality in our society because it transcends barriers of sex, race or nationality; it helps to break down gender stereotypes, which generate discrimination; it promotes well-being and self-esteem; and it creates role models for young people. For this reason, Iberdrola has a large team of female ambassadors , elite sportswomen who champion equality and embody the values of solidarity, effort and teamwork. Among the sportswomen attendees were Belén Tomil (athlete), Lydia Valentín (weightlifting), Eva Moral (paratriathlete), Janire González (surfer), Laura Fuertes (boxer), Laura Martínez (judo player), Desiree Vila (triathlete), María Laborda (climber), María Vicente (athlete), Nuria Rodriguez (figure skater), Ona Carbonell (synchronised swimmer) and Ana Peláez (golfer). So far, Iberdrola's role as the main promoter of women's sport in Spain resulted in a 42% increase in the number of women's licences in the Federations it supports. For Iberdrola, the commitment to equality is not limited to elite athletes and federated women. For this reason, and with the aim of recognising and making visible those who promote women’s empowerment through sport from a grassroots level, the company holds the Iberdrola Supera awards every year, with a total of €300,000 euros to be distributed among its 6 categories. READ MORE
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07/05/2024We received the go-ahead for our first offshore wind farm in Australia Iberdrola has obtained preliminary authorization to develop its first offshore wind farm in Australia , Aurora Green, off the coast of Gippsland (Victoria). The facility could generate up to 3,000 MW of clean energy and will involve an investment of more than 6 billion euros. The granting of the license is subject to consultation with Aboriginal people under Australia's Native Title Act. The company has welcomed the opportunity to work in partnership with the so-called First Nations people to ensure that all stakeholders share in the benefits of the clean energy transition in Australia. You can read the full story from Iberdrola Australia . READ MORE
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07/05/2024Iberdrola lights up 16 major theaters in Madrid with green energy Iberdrola is launching the "Teatros Verdes Iberdrola" ("Iberdrola Green Theatres") initiative, a project that will supply green energy to 16 of Madrid's most emblematic theatres, combining its commitment to environmental sustainability and decarbonisation with the promotion of culture. This project offers spectadors, who are increasingly aware of climate change, not only an unbeatable cultural experience, but also the opportunity to enjoy a more sustainable and eco-friendly leisure experience. Furthermore, Iberdrola customers in Spain will be able to benefit from exclusive experiences to enjoy the best plays and musicals. You can read the full story in the Iberdrola España Press Room page. READ MORE
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07/05/2024Iberdrola sets up the Shareholder Information Desks to promote participation in the General Meeting Iberdrola is promoting participation in the General Shareholders' Meeting to be held on 17 May with the opening tomorrow, and until 16 May, both days included, of its Shareholder Information Desks in Bilbao, Madrid, Valencia, Valladolid, and Zaragoza. There they will be assisted personally and will be able to delegate or vote with their ID card without the need to carry their proxy and voting card and they will also receive a commemorative gift. Iberdrola will hold an even more participatory, accessible, close, sustainable, and innovative General Shareholders' Meeting this year, making available to its shareholders multiple channels for remote participation and the possibility of attending telematically, in addition to in-person attendance with reserved seating. In fact, Iberdrola is in the midst of holding the Shareholder Month (shareholder-month.iberdrola.com ), a virtual space that includes thematic rooms to keep shareholders fully informed on Iberdrola’s strategies and activities. For the third consecutive year, the company has proposed an engagement dividend of 0.005 euros gross per share (€1 gross for every 200 shares). If a quorum of at least 70% of the share capital is reached and the General Meeting approves this incentive, Iberdrola will pay this amount to all its shareholders entitled to participate. Iberdrola is the only Ibex 35 company that rewards its shareholders in this way. The Company has also strengthened relations with its investors through OLA Shareholder Club, an exclusive area on the website for all investors in Europe's largest utility and the second largest in the world. OLA was born in 2012 to make shareholders' right to information a tangible reality and has evolved over the years to achieve maximum shareholder engagement. A wide range of services to facilitate participation Iberdrola offers a wide range of services to facilitate the participation of any investor. Thus, shareholders who receive the proxy and remote voting card from the company can enter votojunta.iberdrola.com through a personalised QR code. They can also call the toll-free telephone number +34 900 100 019 and provide the password indicated next to the QR on the card or send an image of the signed card by WhatsApp (to +34 639 000 639), by Telegram (https://t.me/JuntaIberdrolaBot ), or by e-mail (to Junta2024@iberdrola.es ). Another option is to send the signed card by post (P.O. Box 1.113, 48080 Bilbao) or through the depositary entities. Furthermore, the Shareholder Information Desks in Bilbao, Madrid, Valencia, Valladolid and Zaragoza will be open from tomorrow until 16 May. There, shareholders can delegate, vote and collect a gift – a towel bag made of organic cotton of 380 gr. – after participating. In addition, those who participate via the corporate website or the telephone channel can enter a draw for 30 electric bicycles. All shareholders wishing to exercise their proxy or remote voting rights will have to do so through one of the above-mentioned channels until 23:59 on 16 May, the day before the meeting. Shareholders and proxy holders who wish to attend telematically must register between 08:00 and 10:15 a.m. on 17 May (the scheduled date of the Meeting). In order to speed up their registration on the day of the Meeting, they may register in advance through the Participation Portal on the website. Permanent Board In addition to participation in the General Meeting, the Company promotes permanent information and continuous involvement of shareholders throughout the year. This is thanks to initiatives such as the contact channels of the Shareholders' Office, the interactive application OLA Shareholders' Club and Shareholders' Month, among others. READ MORE
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30/04/2024Iberdrola Deutschland seals PPA with Salzgitter Flachstahl GmbH: Iberdrola's second solar park in Germany will supply more than 900 GWh of green electricity Iberdrola Deutschland and Salzgitter Flachstahl GmbH have concluded a further power purchase agreement (PPA) for 15 years. From 2025, Iberdrola Deutschland will supply Salzgitter Flachstahl GmbH with around 60 gigawatt hours (GWh) of green electricity per year. The solar power will come from Iberdrola's second large-scale PV plant in Germany, which will be built in Saxony-Anhalt. Iberdrola Deutschland is thus further expanding its presence in the German onshore business sector. Iberdrola's second solar park in Germany The new PV project, which is to be built in Saxony-Anhalt, is already at an advanced stage of development with an expected commissioning date in 2025 and an expected installed capacity of 60 megawatts peak (MWp). Expansion of partnership with Salzgitter through newly signed PPA Salzgitter and Iberdrola are strengthening their partnership with the new PPA by a further 900 GWh of green electricity. Iberdrola is hereby expanding Salzgitter's supply of renewable energies beyond the 6,500 GWh that will be supplied from the Baltic Eagle offshore wind farm in future. The aim is to ensure the supply of electricity at competitive and stable prices for large commercial customers who are committed to an environmentally friendly and sustainable energy supply. “The expansion of our cooperation with Iberdrola is another important component of our energy strategy. With their support, we can secure the demand for electricity generated from renewable sources for Salzgitter AG and in particular for our SALCOS® transformation program. True to our mission 'Partnering for Transformation',” says Ulrich Grethe, CEO of Salzgitter Flachstahl. “Establishing sustainable production and process chains is becoming increasingly important for us and our supplier and customer industries. By concluding this new power purchase agreement, we are taking a major step towards climate-neutral production.” “We are delighted about the cooperation with Salzgitter Flachstahl GmbH. The long-term power purchase agreement (PPA) underlines our commitment to promoting renewable energies and accelerating the energy transition,” emphasizes Felipe Montero, CEO of Iberdrola Deutschland. “By entering into strong partnerships with industry leaders such as Salzgitter Flachstahl GmbH, we are taking another important step in our integrated growth strategy, particularly in the onshore business. Through long-term PPAs, we want to realize projects that actively contribute to the green transformation of German industry. At the same time, we are also supporting other key players with market-based solutions to help them achieve their climate targets.” Strong partnerships for a sustainable transformation of the industry Iberdrola Deutschland supports companies such as Salzgitter Flachstahl GmbH in their sustainable transformation. Iberdrola is a global leader in supporting the industry’s decarbonization. As a pioneer in providing renewable energy solutions to industrial partners, Iberdrola was recently recognized by Pexapark as the leading European energy supplier, both in terms of the number of deals and the volume of energy sold through long-term contracts (PPAs) with industrial customers in Europe: almost 1,000 MW have been signed in 2023. The Salzgitter Group and its subsidiaries are already partnered with the energy industry and the generation of renewable energy. Ilsenburger Grobblech GmbH (ILG), for example, has been a full-range supplier of heavy plate for the onshore wind energy sector since 1996 and has been increasingly supplying the offshore market since 2010. The Group's other products for wind turbines include HFI longitudinally welded steel tubes, precision steel tubes for the nacelle and large-diameter tubes for the substructures of offshore wind farms. Energy partnerships with leading German companies such as the Salzgitter Group are a central component of Iberdrola's integrated growth strategy in the important German core market. With strong collaborations and long-term power purchase agreements (PPAs), Iberdrola Deutschland is contributing to the green transformation of German industry and supporting the market launch of green hydrogen, among other things. In this area, the company is seeking to collaborate with other key players in the German economy to support them in achieving their climate targets with market-based solutions such as PPAs. This also includes PV solutions and cross-technology integrated solutions such as battery storage. Iberdrola Deutschland is the largest operator of offshore wind farms in the German Baltic Sea and is engaged in the planning, construction and operation of onshore wind farms and photovoltaic projects. In addition to the Wikinger offshore wind farm, which was connected to the grid in the German Baltic Sea in 2017, two further wind farms, Baltic Eagle and Windanker, will be commissioned in the coming years. READ MORE
