News
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08/11/2024 - 09:00 UTC +01:00Iberdrola, the most transparent company on the Ibex 35 according to the Haz Foundation Iberdrola tops the transparency and good governance ranking prepared by the Haz Foundation with the Spanish Compliance Association (Ascom), which analyses compliance with those practices in Ibex 35 companies. This is the second consecutive time the company has been considered the most transparent of all the companies on the main Spanish stock market index. The report 'Transparency and Good Governance in Ethics and Compliance Practices of IBEX 35 Companies', which contains the ranking, awards Iberdrola 28 points, three more than the next company, and particularly values its detailed 'Compliance System Transparency Report' [PDF] , The Haz Foundation highlights that Iberdrola was "the first company" to publish an official document in this area and recognises its work to continue promoting public corporate communication. The report also rewards the specific information provided by the company on training activities, which also include awareness-raising and educational actions. The study includes the evaluation of 16 KPIs on the basis of which companies are classified into three categories from the highest to the lowest visibility of their public information: transparent (where Iberdrola is located), translucent and opaque. In this fourth report, two new indicators have been included that require companies to detail the economic and human resources allocated to the compliance area as well as the measures adopted based on the queries and complaints received through the ethics channel. READ MORE
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07/11/2024 - 09:00 UTC +01:00Iberdrola and Acciaierie Venete Spa sign an Off-site PPA agreement for the supply of renewable energy Iberdrola, a global leader in the renewable energy sector, and Acciaierie Venete Spa, one of the main players in the European steel market, announce the signing of a multi-year Off-site Power Purchase Agreement (PPA) for a capacity of 12MW. The agreement provides for the supply of green energy from one of the Iberdrola photovoltaic plants , currently under construction, for a total of 230 GWh over the entire contract period. The energy supplied will help reduce annual CO2 emissions by around 6,960 tonnes. This positive impact is equivalent to the CO2 absorption of about 64,000 trees and the coverage of the energy needs of about 5,800 households. "This partnership with Iberdrola is consistent with our commitment to sustainability," commented Francesco Semino, CSO of Acciaierie Venete Spa, "and should be seen as part of a decarbonisation process that aims to reduce specific CO2 emissions by more than 50% by 2030". "We are proud to be able to contribute to the sustainability goals of Acciaierie Venete, a point of reference in the Italian and European steel sector," commented Lorenzo Costantini, Sales Director of Iberdrola Italia: "This PPA represents a further step in our strategy aimed at promoting the use of energy from renewable sources among industrial partners, thus supporting the energy security of our country." Iberdrola has a long track record of managing long-term power purchase agreements in various global markets, including Spain, UK, Portugal, Germany, USA, Mexico, Brazil and Australia, supported by wind and PV projects. Iberdrola stands out as a leading Eurpean player in the fast growing PPA market, with almost 1,000 MW signed in 2023, according to Pexapark's European PPA Market Outlook 2024. In Italy, the company is investing in industrial decarbonization solutions and renewable energy for the country's ecological transition and energy security. With a portfolio of almost 150 projects in continuous development in Italy, Iberdrola will reach 400 MW of installed capacity by 2025, actively contributing to the sustainability and decarbonization goals of the industrial sector also in Italy. READ MORE
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05/11/2024 - 17:38 UTC +01:00Iberdrola signs a green energy agreement in Mexico with RIU Hotels & Resorts Through its subsidiary in Mexico , Iberdrola has signed a power purchase agreement to supply electricity to five hotels in the RIU hotel chain in that country. This agreement, to supply its hotels in Mexico with 100% emissions-free electricity, will allow the hotel to move ever closer to its decarbonisation goal. By supplying renewable energy , the annual release of more than 35,200 tonnes of carbon dioxide (CO2) into the atmosphere will be prevented, equivalent to the annual emissions of around 7,100 vehicles. You can read the full story at Iberdrola Mexico's Communications Room . READ MORE
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05/11/2024 - 15:00 UTC +01:00The offshore wind projects won by Iberdrola this summer will mean €3B in purchases from Basque companies Ignacio Galán , Executive Chairman of Iberdrola, today held his first meeting with the Lehendakari, President of the Basque Government, Imanol Pradales, in Vitoria-Gasteiz. The meeting, at the headquarters of the Basque Government (Lehendakaritza), is part of the regular meetings between the Executive Chairman of the company and the authorities of the Basque institutions. The Executive Chairman of Iberdrola has conveyed to the Lehendakari the company's firm commitment to the Basque Country. This is reflected in the recent orders that Iberdrola has placed with Basque suppliers to carry out the offshore wind projects it recently won in the United Kingdom and the United States, which will involve a combined investment of more than €10 B. This is the case of its East Anglia 2 project, which will have a capacity of 963 MW, and for which orders worth €1.6 B have been placed with companies such as Siemens Gamesa and Euskal Forging. It also has a new offshore development in the United States, New England Wind 1, with a capacity of 791 MW, and it is in very advanced negotiations to place orders for an additional €1.5 B with Basque companies. These collaborations 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 cutting-edge industries. 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 the highest quality, highly competitive products and services all over the world. Supply contracts linked to the energy transition are especially noteworthy, such as the flanges for the foundations of the company's offshore wind farms, manufactured by Euskal Forging, the AC integration system for the energy storage systems with batteries for six photovoltaic plants (Almaraz I, Almaraz II, Andévalo, Revilla Vallejera), to be supplied by Jema Energy and Ingeteam, and the stators for Villarino, by Ingeteam Indar Machines. In 2023, Iberdrola once again surpassed its record for its socio-economic contribution to the Basque Country, with an impact of 3.7% of the Basque GDP in the year in terms of investments, purchases, salaries and tax contributions. The purchases made by the company in 2023 from 500 suppliers in the Basque Country, including companies such as Haizea Wind, Ingeteam, Ormazabal, Arteche, EDS Ingeniería y Montajes, Lizelan, Boslan, and Idom, already support a total of 30,000 jobs – in addition to its own 1,800 jobs – according to a report by PriceWaterhouseCoopers. READ MORE
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05/11/2024 - 09:00 UTC +01:00Iberdrola recognised as Company of the Year at the Ponce de León Awards 2024 Iberdrola, and its US subsidiary, Avangrid, have been awarded by the Spain-US Chamber of Commerce in Florida with 2024 Ponce de León Awards for "Company of the Year", recognizing their exceptional contributions to energy innovation. “We are very proud of this recognition. For more than two decades, Iberdrola has been implementing -in the US and around the world- a secure, competitive and sustainable energy model based on electrification. Our investments in renewables, networks and storage have led to total assets of around $50 billion in the US. This is delivering value for shareholders, employees, suppliers and the communities we serve through more activity, industry and jobs, cutting-edge innovation and lower emissions. As we enter the age of electricity, the US will consolidate itself as a key growth area for Iberdrola, with investments of up to $30 billion to 2030 to increase interconnections across states, introduce 21st century AI and digital grid technologies for the 10 million Americans we serve and build some of the US first large-scale offshore wind farms. Our commitment to the American people is stronger than ever.” Ignacio Sanchez Galán Executive Chairman of Iberdrola READ MORE
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04/11/2024 - 09:00 UTC +01:00Avangrid completes installation of 105,000 solar modules for its first PV plant in California Through its US subsidiary Avangrid Iberdrola has completed installation of solar modules at its Camino Solar project in California, the first of its kind in the Golden State. The company has installed approximately 105,000 solar modules over the last four months. Camino will have a capacity of 57 MWdc (44 MWac) and is expected to generate the same amount of energy consumed by approximately 14,000 US homes. Around 100 jobs were created during construction, almost all of them filled locally, and the project is expected to generate around 14.3 million euros ($15 million) in state and local taxes over its lifetime. Once completed, Camino will become Avangrid's tenth solar project and the first in California. You can read the full story at the Avangrid Newsroom . READ MORE
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02/11/2024All of Iberdrola's teams coming together to get the power back on in eastern Spain after severe flooding in Valencia Iberdrola's distribution company in Spain, i-DE, has mobilised around 500 people from both the Valencian Community and other regions of the country since the start of the storm, including its own staff and contractors, to repair affected installations . The operators are moving from location to location to restore service according to the conditions of access and facilities. The generation business has also been working in a coordinated manner since the beginning of the storm to guarantee electricity supply and thus avoid further outages in specific areas, or a more generalised power outage. Iberdrola continues to be in permanent contact with the public administrations (at the state, regional and local levels) to report on the situation and its progress. Incident status can be found on the i-DE Outage Map . READ MORE
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31/10/2024Iberdrola secures two areas for offshore wind development in the Gulf of Maine Iberdrola, through its US company Avangrid , has been awarded two lease sites for floating offshore wind development in the waters of the Gulf of Maine, in the auction held by the US Bureau of Ocean Energy Management (BOEM). The two lease areas have a potential of 3,000 MW to help meet the energy needs of the New England region and advance the US government's goal of 30,000 MW of offshore wind energy by 2030. You can read the full story in the Avangrid Newsroom . READ MORE
