News
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13/02/2025 - 16:19 UTC +01:00Construction underway on subsea electricity superhighway in the North Sea Construction has started on a subsea electricity superhighway which will help expand the grid for the future. As well as supporting long-term local development for regional communities playing host to the critical electricity infrastructure. Eastern Green Link 1 , a joint venture between SP Energy Networks and National Grid Electricity Transmission, will transport green electricity for two million homes along over 190km of predominantly undersea cable linking the south-east of Scotland with the north-east of England. The £2.5bn project was given the green light by Ofgem last year and onshore works are now underway with offshore construction due to start in the summer. At the cable’s two landfall points, Torness, in East Lothian, and Hawthorn Pit, in County Durham, two converter stations will be built to change the electricity from alternating to direct current – the most efficient way for it to travel long distances. Specialist boats are then used to lay the cable across the seabed and bury it throughout the route before connecting it to the grid. Today in Torness, SP Energy Networks CEO, Nicola Connelly and National Grid Electricity Transmission President of Strategic Infrastructure, Carl Trowell, were joined by Minister for Housing and MSP for East Lothian, Paul McLennan, to mark construction getting underway. Together, SP Energy Networks and National Grid Electricity Transmission already own and operate the Western Link, the world’s highest capacity subsea cable, and one of the longest, connecting Hunterston in Scotland to Connah’s Quay in Wales. Operational since 2017, the link supported over 450 jobs during planning and development and has transmitted over 30,000GWh of electricity during its first five years of operation – enough to power all the homes in Wales for the same period. You can read the full article at the ScottishPower Press Room . READ MORE
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13/02/2025 - 15:50 UTC +01:00Iberdrola and Marinas de España team up to connect the country's marinas to the electrical grid Iberdrola España and Marinas de España, the Spanish Federation of Associations of Marinas and Tourism Ports, have signed a collaboration agreement to implement electrification solutions to encourage the decarbonisation of the 180 marinas that are part of the associations of Andalusia, Asturias, the Balearic Islands, the Canary Islands, Catalonia, Galicia, Murcia and Valencia, to improve their competitiveness and reduce their dependence on fossil fuels. The first step within the partnership will be to run an industry analysis through Balantia's Net Zero Emissions Manager. The platform, recently launched as a result of Iberdrola España’s acquisition of 100% of Balantia , calculates CO2 footprint, determining the processes with the greatest impact and automatically prepares a decarbonisation plan focused on compliance with regulations and climate targets for 2030 and 2050. It also manages equipment inventory data, asset profiles and invoices. Based on the results, an electrification plan will be studied to decarbonise and increase port competitiveness, based on electric vehicles and ships, photovoltaic self-consumption , electrification of heat, energy supply tariffs with guarantees of origin and other possible solutions that can add value. For those emissions that cannot be reduced, Iberdrola Group, through Carbon2Nature , provides companies with high quality carbon credits based on natural projects that absorb CO2, foster the circular economy and promote sustainable development. You can read the full story at Iberdrola España’s Communication Room . READ MORE
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13/02/2025 - 09:08 UTC +01:00Avangrid to install new plants to meet growing demand from US data centres Avangrid, Iberdrola's subsidiary in the US, supports organisations that operate data centres, which will be key to driving the artificial intelligence (AI) revolution by feeding them clean energy. It is also actively working to install new renewable plants to meet growing demand. According to a US Department of Energy report , data centre load growth has tripled in the last decade and is expected to double or triple again by 2028. Avangrid currently has 8 facilities supporting data centres , with a capacity of over 1,250 MW, and has 6 more under construction or soon to be built, totalling over 800 MW of additional capacity. You can read the full story at the Avangrid Newsroom . READ MORE
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12/02/2025 - 15:39 UTC +01:00Iberdrola awards Ingeteam €350 million in purchases over the 2020-2024 period Iberdrola's Global Procurement Director, Ignacio Sánchez-Galán, visited Ingeteam's facilities in Beasain, Gipuzkoa today. He was accompanied by Ingeteam's CEO, Adolfo Rebollo, and Asís Canales, Iberdrola's Global Director of Resources and Services. During the visit, Ignacio Sánchez-Galán highlighted the company's firm commitment to the Basque Country. This is expressed in the recent orders Iberdrola has placed with Basque suppliers . One of these is the company Ingeteam, based in Zamudio, Bizkaia. The purpose of the visit was to learn about how of Ingeteam Indar Machines manufactures and produces generators in Beasain for Iberdrola's Villarino hydroelectric power plant in Castilla y León first-hand. Purchases from the company chaired by Teresa Madariaga have accumulated a value of just over €350 M over the last five years. These contracts are mainly for Iberdrola's renewable energy projects, grid digitalisation and the economy’s electrification. In terms of renewable energy projects, of note are the contracts for the future supply of 6 motor-generator stators for the Villarino plant for €22 M, the transformation centres for solar plants and for storage for 4 photovoltaic plants (Almaraz I, Almaraz II, Andévalo, Revilla Vallejera), the purchase of integrated operation and control centres for the substations of the Tâmega Norte and Tâmega Sul farms in Portugal, and the purchase of the starter for the Tâmega Norte and Tâmega Sul plants in Portugal, Andévalo, Revilla Vallejera), the purchase of integrated operation and control centres for the substations of the Tâmega Norte and Tâmega Sul wind farms in Portugal, and the starter for the Valparaíso hydroelectric plant, which will allow Ingeteam to take advantage of opportunities in pumping technologies. In grid digitisation , noteworthy are the agreements reached in Brazil for new substations and the agreements to supply protection and control equipment for substations in Spain. In relation to the economy’s electrification, of particular note are the contracts to supply equipment to charge electric vehicles and battery storage systems in Spain, the United Kingdom and Portugal, as well as opportunities in the electrification of ports (OPS) and the production of renewable hydrogen, where Ingeteam is a benchmark in the manufacture of rectifiers. These partnerships reflect Iberdrola's long-standing ties with the Basque Country, where it has spent decades promoting the revitalisation of industry and the improvement of the competitiveness of its business fabric, as well as the creation of quality jobs in the industries of the future. Iberdrola's global growth has become a driving force for the internationalisation of hundreds of Basque companies, which have been demonstrating for years their ability to provide highly competitive and high quality products and services all over the world. Iberdrola's tax contribution in 2024 has grown by 15% to nearly €800 M. Iberdrola is one of the driving forces of the Basque Country's economy, with a €3.5 B impact on its GDP in investments, purchases, salaries and tax contribution. The company supports a total of 30,000 jobs in the Basque Country. Iberdrola's internationalisation over the last 20 years has had a direct impact on Basque suppliers, including companies such as Haizea Wind, Ingeteam, Ormazabal, Arteche and Siemens-Gamesa, with annual purchases amounting to over €3.3 B. READ MORE
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11/02/2025 - 16:23 UTC +01:00Iberdrola leads S&P's Sustainability Yearbook 2025 Iberdrola leads the electricity industry in the Sustainability Yearbook 2025, prepared by S&P, with the Top 1% S&P Global CSA Score. Europe's largest electric utility by stock market value obtained the best score in the Dow Jones Best-in-Class Indices, the former Dow Jones Sustainability Index. The Sustainability Yearbook 2025 is a yearbook that includes 780 companies selected through the Corporate Sustainability Assessment (CSA) 2024 methodology, which ranks the companies analysed by industry. The CSA is the leading assessment formula in its field, helping companies to make the link between sustainability and their business strategies. Covering more than 13,000 companies worldwide, it is an annual review of companies' sustainability practices and allows companies' performance to be compared across a wide range of industry-specific economic, environmental and social criteria. These criteria are relevant to the growing number of sustainability-focused investors and are expected to be financially relevant to their corporate success. This leadership comes on top of the fact that Iberdrola has been in the Dow Jones Best-in-Class Indices for 25 consecutive years, making it the only European utility that has on the index this entire time. The electricity company, one of the three largest in the world with a value of around €87 B, has fulfilled the S&P requirements that determine the members of the index. It complies with an increasingly demanding methodology that includes more than 120 sections related to sustainability, distributed into three general pillars: respect for the environment, social commitment and good corporate governance. Iberdrola is a global benchmark in sustainability. It has once again received the highest "A List" from CPD rating in the list of the world's most transparent companies in climate change thanks to its commitment to disclosure, transparency, and environmental action. In addition to the Dow Jones Best-in-Class, it is on the main international sustainability indices such as Moody's ESG, MSCI, Sustainalytics, ISS-ESG, EcoVadis and FTSE4Good, among many others. Self-sufficiency and combating climate change Iberdrola continues to advance in its commitment to energy self-sufficiency and in its proactive role as an active agent in the fight against climate change. Iberdrola now has more than 44,000 megawatts (MW) of renewable capacity installed worldwide and 84% of its electricity production is emissions-free. READ MORE
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11/02/2025 - 12:02 UTC +01:00Paralympic athletics champion Rayane Soares is Iberdrola's new ambassador in Brazil Neoenergia , Iberdrola's subsidiary in Brazil, has added the paralympic athlete Rayane Soares to its ambassador programme, which aims to empower women athletes , recognise their role as a role models in society and raise awareness in the community of the importance of building a society with equal opportunities for all. At 28, paralympic runner Rayane Soares has a dream. "I want to step up my training to become the first Brazilian Paralympic athlete to compete in Olympic track and field events," she said. With Neoenergia’s support, she hopes to improve her training in track and field in her quest to qualify for the Olympic Games. For her, visual impairment from malformation of the eyeballs is not an obstacle to that goal. In 2024, Neoenergia made major advances related to social inclusion , with an increase of almost 31% in the number of professionals with some type of disability. The company also reached the milestone of 33% of women in management and superintendence positions and 30% of black people in leadership positions. Rayane Soares is the 8th athlete to join Time Neoenergia, made up of athletes from various sports including: Ana Vitória Magalhães, better known as Tota (cycling); Bruna Kajiya (kitesurfing); Mirelle Leite (track and field); Ana Marcela (open water); Celine Bispo (swimming); Potiguar player Antonia Silva (football); and Bia Souza (judo). You can read the full article at the Neoenergia Communication Room. READ MORE
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10/02/2025 - 11:55 UTC +01:00Iberdrola participates in an investment round in the startup Nido to drive aerothermal energy in Spain Iberdrola, through Perseo , its startup programme, participated in an investment round in Nido - a technology platform to market, design and install aerothermal systems in residences - in which other investors have also participated. This investment will accelerate access to aerothermal energy for residential customers in Spain. Nido's turnover has quadrupled since its founding in 2023, reaching €1 M in sales in 2024, its first full fiscal year. The platform has facilitated aerothermal installations in 10 autonomous communities in Spain. Aerothermal energy is around four times more efficient than a conventional boiler, since 75% of the energy it uses is pulled from the air. That means that these installations will reduce emissions by more than 420 tonnes of CO₂ a year. Nido automatically generates the entire installation execution process and installation guides in seconds, cutting execution times by up to 75% and allowing any company in the industry to offer aerothermal solutions quickly and accurately, thanks to its 3D BIM technology. The startup will use the capital injection to integrate AI into its platform, expand its engineering team and optimise its marketplace to connect installers, suppliers and customers. Key to growth This investment by Perseo complements the plan launched by Iberdrola España to strengthen the competitiveness of aerothermal energy compared to fossil fuels. The value proposition includes equipment supply and installation, as well as the necessary maintenance services, and offers rates (Aerotermia Smart Savings Plan ) that allow households with these HVAC systems to save. The electricity company brings together all current state incentives and mechanisms, which it manages and processes for the customer's convenience, as well as including additional promotions, interest-free financing solutions, €800 discounts off electricity bills and the inclusion of a direct discount on the price of aerothermal energy of up to €2,000 by granting Energy Saving Certificates, among others. Iberdrola's plan is to increase the installation of solutions that help to decarbonise demand, and aerothermal energy plays a key role in enabling highly efficient electrification of heat generation. Driving energy startups Since its creation in 2008, Perseo has invested more than €200 M in startups that develop innovative technologies and business models, focusing on those that improve the sustainability of the energy industry through further electrification and decarbonisation of the economy. The programme has focused its activities on analysing business opportunities and tech collaborations with startups and emerging companies around the world. READ MORE
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10/02/2025 - 10:30 UTC +01:00Avangrid signs a PPA with AMP to provide power to Ohio homes and businesses by the Blue Creek project Avangrid , Iberdrola's subsidiary in the US, has signed a short-term power purchase agreement (PPA) with American Municipal Power, Inc. (AMP) for clean energy generated at the Blue Creek wind farm in Ohio. The new PPA will ensure that Blue Creek continues to provide reliable power to the region and support Ohio's rural communities economically with jobs, rent and tax revenues. AMP is the wholesale energy supplier and services provider to more than 130 members in nine states. AMP members receive their energy supply from a diversified mix of resources that includes wholesale energy purchases through AMP and power produced at facilities owned by AMP and its members. AMP has a total of approximately 650,000 customers. Blue Creek is a 304 MW wind farm located in Van Wert and Paulding counties in northwest Ohio. The project created more than 500 jobs during construction and came online in 2012. Most of the equipment was manufactured and assembled in Wisconsin, Texas, Illinois, Pennsylvania and North Dakota. Blue Creek generates enough energy each year to power the equivalent of about 76,000 homes. Also in the state of Ohio, Avangrid is building the 202 MWdc Powell Creek solar plant , which will generate enough clean energy to power 30,000 homes per year. You can read the full story at the Avangrid Newsroom . READ MORE
