News
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01/03/2021La Fundación Iberdrola España finaliza en Talavera de la Reina el ciclo de la exposición ‘El Museo del Prado en las calles’ La Fundación Iberdrola España ha trasladado a Talavera de la Reina la exposición “El Prado en las calles”, que podrá visitarse entre el 1 y el 28 de marzo en los Jardines del Prado. La muestra finaliza así un ciclo expositivo que ha recorrido siete ciudades de la región. El Museo Nacional del Prado y la Fundación Iberdrola España, con la colaboración de la Junta de Castilla-La Mancha, han desarrollado este proyecto con el objetivo de dar a conocer las colecciones y el patrimonio histórico adscrito al Museo del Prado a través distintos programas educativos y actividades de divulgación cultural. La muestra recrea virtualmente la experiencia de visita al museo al permitir contemplar las pinturas en sus dimensiones reales, viviendo una experiencia semejante a la de situarse frente a una auténtica obra de arte. Acercará al público talaverano 50 de las obras más relevantes de la Colección Permanente del Museo a través de reproducciones fotográficas en tamaño real situadas en los Jardines del Prado, uno de los espacios más emblemáticos de la ciudad. La exposición ha sido inaugurada esta mañana por Tita García, alcaldesa de Talavera de la Reina; Ana Moreno, coordinadora general de Educación del Museo del Prado; Fernando García, presidente de la Fundación Iberdrola España; y Rosa Ana Rodríguez Pérez, consejera de Educación, Cultura y Deportes de la Junta de Comunidades de Castilla – La Mancha; Un recorrido por la historia del arte occidental Esta exposición al aire libre comisariada por Fernando Pérez Suescun, jefe de Contenidos Didácticos del Museo del Prado, permitirá a los visitantes recorrer las diferentes escuelas que componen la colección permanente de El Prado y conocer la historia de España, de Europa y del arte occidental de la mano de los grandes maestros de la pintura. Las escuelas española, italiana, flamenca, francesa, alemana y holandesa estarán presentes a través de sus protagonistas desde el siglo XII a los primeros años del XX. La muestra cuenta, además, con cartelas y paneles informativas bilingües de cada una de las obras que aportan datos sobre la historia del Museo y sus colecciones. Las reproducciones se muestran a escala 1:1, por lo que, atendiendo a las dimensiones de los soportes expositivos, de algunos cuadros de gran tamaño tan solo pueden contemplarse detalles destacados de la obra, que sí se podrá observar completa en la cartela explicativa. Después del éxito cosechado por la exposición durante la celebración del Bicentenario del Museo, “El Prado en las calles”, inicio su recorrido por la geografía castellanomanchega el pasado 13 de julio en Sigüenza. Desde entonces, se ha detenido en Puertollano, Tomelloso, Ciudad Real, Toledo, Guadalajara y, finalmente, Talavera de la Reina que será la última etapa de este ciclo expositivo en Castilla – La Mancha. Debido a las restricciones del COVID19, no se ha podido trasladar la exposición a la ciudad de Cuenca tal y como estaba inicialmente previsto. En prácticamente un año, miles de visitantes han podido admirar algunas de las maravillas que atesora el Museo en fieles reproducciones, reforzando la cultura mediante visitas diarias y siempre de acuerdo con las normas de seguridad antiCOVID19 vigentes. Fundación Iberdrola España, miembro Protector del Museo del Prado La Fundación Iberdrola España desarrolla uno de sus principales ejes de actividad en torno al cuidado y mantenimiento de las riquezas culturales y artísticas de nuestro país. Colabora con el Museo del Prado desde el año 2010 a través del apoyo a los programas de conservación y restauración de la pinacoteca, así como en el desarrollo de 4 becas anuales para jóvenes restauradores. Además, ha querido adherirse al Programa Extraordinario para la Conmemoración del Bicentenario del Museo del Prado y, en concreto, al despliegue de esta exposición itinerante en España. La Fundación Iberdrola ha destinado, desde el año 2011, un total de 13 millones de euros al área de Arte y Cultura, que centra sus recursos, principalmente, en el Programa Restauraciones, que apoya a los talleres de restauración de museos de referencia para la conservación de su patrimonio pictórico y artístico; y al Programa de Iluminaciones, que contempla el diseño, ejecución y financiación de proyectos de iluminación artística en edificios singulares y monumentos. READ MORE
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26/02/2021Iberdrola, the only Spanish company among the world’s most ethical companies Iberdrola is the only Spanish company – the only major European electricity utility – to be recognised as one of the most ethical companies in the world, according to the 2021 World´s Most Ethical Companies ranking by the prestigious Ethisphere Institute. Iberdrola has once again been selected for the eighth consecutive year in a ranking made up of 135 companies from 22 countries and 47 different industries, which has also recognised for the third consecutive year the commitment to good business practices of its North American subsidiary AVANGRID. In the Energy and Utilities category, only five multinationals were included this year. In compiling this ranking, the Ethisphere Institute assesses more than 200 indicators of environmental, social and cultural practices; activities related to ethics and compliance; governance and diversity; and initiatives that help sustain the supply chain. In addition, in this new edition, the organisation has assessed how companies have reacted to the pandemic. Iberdrola has been recognised for its solid commitment to ESG principles (environmental, social and governance) on which its business model is based. The company is a driver of social transformation and a benchmark in good governance and transparency, which extend to its supplier base around the world. With this commitment, it is accelerating the green recovery of the economy and employment: procurement from suppliers amounted to €14bn in 2020, helping to maintain 400,000 jobs across the value chain. In this area, the company has gone a step further and has set itself the goal of having 70% of its more than 1,000 key global suppliers governed by ESG criteria by 2022. To this end, it has created an independently validated model, and a digital platform developed by the Spanish scale-up GoSupply, where the company's suppliers can self-assess their ESG performance. Energy to Thrive plan: 350 measures with an ESG approach Iberdrola has launched the 'Energy to Thrive' plan with which it will implement more than 350 measures to prop up its ESG approach. As a result, it will strengthen its leadership in the energy transition, foster innovation, contribute to the generation of new quality jobs, improving the quality of life of the population; and continue to implement best governance practices, while promoting a sustainable financial market. Iberdrola has adapted its governance and sustainability system based on the ESG pillars while also maintaining the reduction of its carbon footprint among its goals. In 2020, it reduced emissions by 11%, to 98 grCO2/kWh, which were between half and almost three times lower than those of two of its main global competitors. By 2030, it will become a carbon neutral company in Europe. READ MORE
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24/02/2021Ignacio Galán receives the Euskadi Avanza Award awarded to Iberdrola as Company of the Year The Chairman of Iberdrola, Ignacio Galán, received the Euskadi Avanza Award for “Company of the Year”, which recognises Iberdrola's crucial contribution to Basque society through its leadership, innovation, job creation and wealth. The prize, awarded by the Spanish newspaper El Correo which is part of the Vocento group, and Banco de Sabadell, this year celebrates its fourth anniversary recognising the important contribution of companies and entrepreneurs to this autonomous community in the north of Spain. At the awards ceremony, Ignacio Galán expressed his gratitude for this award, which reflects “the common effort” of companies “to generate employment and well-being”. The Chairman of Iberdrola said that “the unprecedented uncertainties and difficulties experienced in 2020 have forced us all to give the best of ourselves” and added that “the team that makes up Iberdrola has done so with total courage and determination.” “As soon as the pandemic began, the Board [of Iberdrola] understood the risks that the shutdown of activity could have for thousands of companies and we decided to put the company's balance sheet at the service of economic and social recovery”, said the chairman of the electricity company. In addition to reaching the historical record for investments, around 10,000 million euros in 2020, Iberdrola has awarded contracts to more than 22,000 suppliers, for 14,000 million euros, the highest figure in its history, according to Galán. He added that this amount has benefited numerous companies which, instead of resorting to temporary or permanent redundancy plans, have worked overtime to meet the group's orders. The Iberdrola Chairman reminded the audience that, together with the 75 billion euro investment programme planned until 2025 to boost the green recovery, Iberdrola has identified 150 initiatives within the framework of the Next Generation EU programme that could mobilise up to an additional 21 billion euros and generate 45,000 jobs in Spain. With regard to Iberdrola's contribution to the autonomous community of the Basque Country, Galán highlighted the 2,000 million euros awarded annually in purchases from local companies, a fiscal contribution of 1,300 million euros, the creation of more than 17,000 jobs and a contribution of 2.2% to GDP. The industrial group Mondragón Assembly, the wine company Bodegas Faustino and the biotech company Viralgen also received awards alongside Iberdrola. READ MORE
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24/02/2021Iberdrola makes record investments of €9.24 billion (+13%) and posts €3.61 billion (+4.2%) net profit In 2020, Iberdrola accelerated its response to the challenges of the energy transition in an unprecedented context and ramped up all of its activities with record investments of €9.24 billion, up 13% from previous year. 91% was allocated to the development of new renewables projects and electricity networks, in line with the group's strategy. Good performance in all areas resulted in underlying EBITDA of €10.71 billion in 2020 (+8%), excluding an impact of €218 million from COVID-19 and the exchange rate effect, which was €487 million. By business, 75% of EBITDA was contributed from regulated areas (networks and renewables), while 76% comes from countries with an A rating. Offshore wind power contributed €585 million euros in this chapter, after growing by 72%. The investment and operating performance increased the group's net profit in 2020 to €3.61 billion, up 4.2%. Growth would have reached 10%, but for the impact of COVID-19, which amounted to €238 million during the year. In 2021, the company expects to achieve net profit between €3.7 billion and €3.8 billion. Despite the complexities of the pandemic, the company installed 4,000 new megawatts (MW) in the past 12 months – almost 3,000 MW ‘green’ in 2020 –, reaching 35,000 MW of installed renewables capacity. As a result, Iberdrola's emissions reduced by 11% in 2020 to 98 grCO2/kWh, reaffirming its commitment to become a carbon neutral company in Europe by 2030. In 2020, its emissions were between half and nearly three times lower than those of two of its main global competitors. In 2020, Iberdrola continued to strengthen future growth prospects, increasing its project pipeline by 25 GW to 74.4 GW. The company has 17.4 GW of green projects under construction and development, of which 8.7 GW correspond to new solar facilities, 4.5 GW to onshore wind, 2.6 GW to offshore wind, 1.2 GW to hydroelectric, and 400 MW to batteries. During the year, offshore wind was confirmed as one of the group's growth areas: Iberdrola has 1.3 GW installed and is progressing with the construction of a further 2.6 GW, with almost no seabed costs. The current offshore wind pipeline now totals 19 GW, of which 9 GW are ready for construction and 10 GW are planned for development in Sweden, Japan, Poland and Ireland. In 2020, offshore wind projects contributed €585 million to EBITDA, after growing by 72%; this contribution is expected to rise to €2.3 billion by 2030. By markets, the weaker performance in Spain was offset by international growth, which now contributes two thirds of EBITDA. Electricity demand in the Iberian Peninsula fell by 5.1%, impacted by the COVID-19 crisis, causing the EBITDA of the activity in Spain to fall by 5% and its net profit by 13% in 2020. Despite this situation, investments increased by 21% to €2.1 billion, reflecting the commitment to green recovery in the country. Shareholder remuneration rises 5% and financial ratios improve Improved results allow Iberdrola to propose a shareholder remuneration for 2020 of €0.42 gross per share, 5% more than in 2019. The Board of Directors will present to the Shareholders' Meeting the approval of a final dividend at €0.252 gross per share, which will be added to the €0.168 gross per share paid as interim dividend. For 2021, the company expects to distribute a dividend of €0.44 per share. The company also revamped its main financial ratios and underpinned its balance sheet strength: operating cash flow stood at €8.19 billion, after growing by 1.6%, and debt was reduced by 6.4% to €35.14 billion. In 2020, the company renewed its leadership in green finance, with €24.5 billion available under green or sustainable facilities. Liquidity stood at €17.4 billion, covering 24 months' funding needs, and the company demonstrated its ability to access the markets. Recently, it placed the largest green hybrid bond issue in history: €2 billion at the lowest cost (1.45% and 1.825%). Progress on the 2020-2025 Plan and unique position for growth by 2030 Iberdrola is uniquely positioned to continue growing over the next decade. In this regard, the group's Chairman, Ignacio Galán, stated that "our balance sheet is supporting economic recovery, with record investments of more than €9.2 billion and €14 billion awarded to over 22,000 suppliers, the largest in our history, to support 400,000 jobs in our markets. In this decade, we plan to invest €150 billion to triple our renewable capacity and double our network assets." The company is advancing its €75-billion investment plan to 2025, which will reach €150 billion by 2030. This investment will deliver an installed capacity of 95 GW towards the end of the decade – doubling the current capacity to 60 GW in 2025 – and a regulated asset base of €60 billion (€47 billion in 2025). At the end of 2020, the value of these assets amounted to €31.1 billion, and in 2021 it will continue to grow to approximately €36 billion (+16%) with the contribution of the latest operations (in the integration phase): PNM Resources, in the United States, and the electricity distributor CEB-D, in Brazil. Iberdrola also anticipates growth in the coming years from its customer base. In 2020, Iberdrola registered 43.8 million contracts, which it plans to increase to 48.5 million by the end of 2021. This will rise to 60 million in 2025 and around 70 million by 2030. In 2020, personalised 'smart solutions', already contributed 4% to net profit. Another major growth area will be green hydrogen. Iberdrola is developing several projects to decarbonise industry and heavy transport in Spain and the United Kingdom and develop the supply chain. The company has also presented 53 projects to the Next Generation EU programme, which could activate €2.5 billion investments to achieve an annual production of 60,000 t/year. These projects are part of the Next Generation EU programme, which will accelerate investment, economic recovery and support jobs in the short term. In the medium term, the proposals could transform industry in Spain. The company is spearheading 150 proposals, which would mobilise €21 billion of investment in Spain in green generation projects, smart grids, storage and energy efficiency through electrification. These could generate 45,000 jobs, support up to 350 companies and contribute 1.5% to Spain’s GDP growth. In addition, Spain’s balance of payments would improve by around €1 billion euros/year. These investments and the foreseen business performance up to 2030 would allow Iberdrola to reach €5 billion net profit by 2025 and approximately €7 billion by 2030. Shareholder remuneration is expected to evolve in line with results: the company expects a dividend of €0.56 gross/share for 2025 and around €0.75 gross per share in 2030. This dividend policy represents a 40% increase in shareholder remuneration for the period 2019-2025 and approximately 90% increase between 2019-2030. Forward-looking model based on ESG principles Iberdrola will continue to strengthen its commitment to ESG (environment, society and governance) principles, which form the basis of its business model. A leader and pioneer in the energy transition, it is already a driver of social transformation and a benchmark in good governance and transparency. This commitment has enabled the group to continue supporting a green economic recovery: with procurement from suppliers totaling €14 billion in 2020, helping to maintain 400,000 jobs across the value chain. New recruits during the year were 3,800 people. Also, the tax contribution for the year amounted to €7.5 billion worldwide, of which €3.4 billion corresponded to Spain. In the latter, the tax bill stands at 43% of earnings before taxes and duties. The group has launched the 'Energy to Thrive' plan, implementing more than 350 measures to strengthen its ESG approach. As a result, Iberdrola will bolster its leadership in the energy transition, foster innovation, contribute to the creation of new quality jobs, improving the quality of life of the population; and continue to implement best governance practices, while promoting a sustainable financial market. READ MORE
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23/02/2021TMB-Iberdrola contract signed for the first hydrogen plant for public use in Spain TMB and Iberdrola today signed a contract for the supply of hydrogen from renewable sources to Barcelona's fleet of city buses through a plant that will also be able to supply other fleets of electric vehicles, as part of the move towards a new mobility with zero pollutant emissions. TMB was represented by the Chief Executive Officer, Gerardo Lertxundi, accompanied by the Director of the Bus Network, Jacobo Kalitovics, and the Director of Good Governance and Legal Advice, Jaume Garcia. Millán García-Tola, Director of the H2 Verde Division, signed the agreement for Iberdrola, together with Joaquín Lloret, Commercial Director in Catalonia, and Adolfo J. Rivera, Head of Business Development and H2 Verde Projects. This formalises the alliance between TMB and Iberdrola for the construction of a hydrogen plant in the Zona Franca industrial estate, which will be the first public plant in Spain. The plant will begin construction shortly on a 5,000 square metre plot of land leased from the Zona Franca Consortium. Once it comes into service next November, it will be used by TMB buses using this technology and potentially by other fleets and industries in the industrial estate that adopt hydrogen as an energy solution. The plant will supply hydrogen from renewable sources, produced by electrolysis, to the bus fleet and all additional local demand. This will initiate the creation of a green hydrogen hub in one of Catalonia and Spain's leading industrial areas. The first eight fuel cell buses The first vehicles to be supplied at the new plant will be the eight buses with state-of-the-art hydrogen technology purchased by TMB last year, which will be delivered to Barcelona in November 2021, with the intention of putting them into service in early 2022. Its estimated consumption is 160 kilos per day, which will increase from year to year as more units with this technology are added to the fleet, until a total of 60 is reached. The adoption of hydrogen by TMB is supported by the European JIVE 2 programme to promote hydrogen fuel cell vehicles that produce zero emissions, which is jointly funded by the European Union. The project is being managed in collaboration with Barcelona's Metropolitan Transport Authority (ATM). The choice of hydrogen reflects TMB's strategic investment in green energies. The company's president, Rosa Alarcón, defined it as an “exciting project” that includes the charging plant and the purchase of the vehicles, and which is “in line with the fulfilment of the decarbonisation objectives for urban transport”. “The future is zero-emission public transport, to tackle the three crises we are experiencing, health, economic and environmental,” he stressed. For Millán García-Tola, Iberdrola's Hydrogen Unit Director, “this pioneering project will demonstrate the capacity of green hydrogen to transform the electrification of urban transport, promote the decarbonisation of our economy and develop innovative industrial chains with high added value in our country.” “With initiatives like the one we are going to develop with TMB, we can turn Catalonia and Spain into a benchmark in the hydrogen economy and draw maximum value from the renewable resources available in our country.” Iberdrola is committed to green hydrogen as a vector for growth and decarbonisation of segments such as industry and urban and heavy transport. The company is already carrying out several projects in Spain and the United Kingdom, which will enable the value chain to develop. It has also submitted 53 projects to the Next Generation EU programme, which would activate investments of 2.5 billion for the installation of more than 1 GW of electrolysers over the next few years and an annual production of 60,000 tonnes/year. READ MORE
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22/02/2021Iberdrola launches its 2nd SuperA Awards to continue to promote gender equality through sport Iberdrola is inviting entries for the 2nd Iberdrola SuperA Awards , which will recognise the best initiatives supporting gender equality and the empowerment of women through sport . Prizes will be awarded for projects in six categories - with Sustainability included for the first time this year - each financed to the tune of €50,000. The initiatives are related to the promotion of entry-level sport for young girls up to the age of 16 (SuperA Base); support for helping women to enter into competitions (SuperA Competición); the inclusion of women with special abilities into sport (SuperA Inclusión); the integration of women into society through sport (SuperA Social); increased visibility for women's sport (SuperA Difusión); and sustainable development and care for the environment within the field of sport (SuperA Sostenibilidad). “The Iberdrola SuperA awards are a great platform for the continued promotion of gender equality and the achievement of a fairer and more prosperous society. At Iberdrola we have been pushing our commitment to equality both inside and outside the company for many years, and the excellent results from the first edition of these awards show that there are many interesting initiatives in the field of women's sport, and this has encouraged us to go on supporting them" says Iberdrola chairman Ignacio Galán. Entries for the awards may be submitted until 30 April from registered sportswomen, as well as sporting associations and clubs, national and regional federations, schools, colleges and other public and private entities, legally based in Spain. In October a jury panel comprising well-known personalities from the sporting world will choose the winning projects. More than 400 entries in 2020 Over 400 applications were received in 2020 from associations, sporting clubs and federations, schools, colleges, and public and private institutions that manage projects in line with the objectives of the awards. From these, the winning projects were the MAAVI Foundation Club de Fútbol (Andalusia), Fomento Igualdad de Género (Castilla y León), Mujer, vida y deporte (Zaragoza), Mucho por hacer (Castilla-La Mancha), FUTFEM.COM and Juntas Venceremos The Iberdrola SuperA Awards are aligned with the UN 2030 Agenda Sustainable Development Goals (SDGs), specifically number 5 (Gender equality and the empowerment of women). Iberdrola, a pioneer in promoting women's sport Promoting women's sport has become a key ambition for Iberdrola, and the promotion of true equality between men and women one of its essential values. In 2016, Iberdrola became the first company to make a firm and global commitment to women's equality and empowerment through sport. Iberdrola currently supports 16 federations: gymnastics, triathlon, rugby, canoeing, badminton, football, handball, volleyball, hockey, table tennis, athletics, karate, boxing, surfing, ice sports and fencing. Iberdrola also lends its name to 22 national top-tier sports leagues, and 35 other competitions. At the same time, the provision of resources, facilities, medical services and referees, as well as support and sponsorship for different initiatives in this field from Iberdrola has not only helped to increase the number of federated sportswomen in these disciplines by 39% (reaching over 300,000), but is also allowing Spanish elite sportswomen who have built their sporting career in other countries to start competing again in Spain, leading to an improvement in the standard and visibility of national competitions. READ MORE
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17/02/2021Iberdrola and Lexus join forces to offer the most comprehensive network of electric charging points to their customers Iberdrola and Lexus are joining forces to achieve more sustainable mobility and move forward together in the electrification of transport . Iberdrola becomes the charging supplier for Lexus electric models in Spain, specifically for the new UX 300e, the first 100% electric vehicle from Lexus. In collaboration with Iberdrola, Lexus will install a home charging point at no cost for users who purchase an electric vehicle. Thanks to this agreement with the energy company, the users will also enjoy a 3-year guarantee on both the installation and the Wallbox equipment. In addition, those customers who are also Iberdrola customers or who decide to sign up with Iberdrola will benefit from six months free charging throughout Iberdrola's public network via its app. Specifically, the Electric Vehicle Plan, created especially for charging, will allow them to save on charging their vehicle with 100% renewable energy, without a bill and without a permanent contract. Electric mobility and green recovery Iberdrola continues to push its stance on transport electrification as part of its strategy for a decarbonised economy, as a key factor in reducing emissions and city pollution, as well as for a green recovery in the post-Covid world. The company has unveiled its sustainable mobility plan , with an investment of €150 million, which will increase its roll-out of electric vehicle charging points over the coming years. The initiative entails installing around 150,000 charge points in homes, companies and on the public road network in cities, as well as on the main motorways over the coming years. The commitment to deploying high-efficiency charging points will include the company installing ultra-rapid (350 kW) charging points every 200 kilometres, super-rapid points (150 kW) every 100 kilometres, and rapid (50 kW) points every 50 kilometres. Iberdrola is aware of the need to boost electric mobility in Spain through coordinated, effective action involving the major players. The company has, therefore, now completed more than 40 infrastructure roll-out agreements with government departments, institutions, companies, service stations, and electric vehicle dealers and manufacturers. The company has recently become the first Spanish business to subscribe to The Climate Group's EV100 initiative, with the aim of accelerating the transition towards electric vehicles with a commitment to electrify its entire fleet of vehicles enabling staff to charge their vehicles at its outlets in Spain and the United Kingdom by 2030. READ MORE
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16/02/2021Iberdrola plans first industrial-scale floating offshore wind farm in Spain with an investment of more than €1 billion Iberdrola is planning what will be the first industrial scale floating offshore wind farm in Spain, to which it would allocate more than €1 billion of investment to commission 300 MW of clean energy off the Spanish coast. The project represents an opportunity to develop the country's supply chain and establish Spanish industry as an international benchmark. It has been submitted to the Next Generation EU programme and is aligned with the pillars of the Spanish government's Recovery, Transformation and Resilience Plan. The renewable facility would become a driver of the country’s industrialisation and job creation. The study, design and engineering could begin this year and it could generate more than 2,800 jobs per year until it becomes operational in 2026. The scheme would require the participation of 66 Spanish companies and technology centres, including 52 SMEs. In the short term, the initiative could generate between 1,000 and 2,000 jobs during 2021-2022, before the start of the construction phase, The project would also contribute to the fight against climate change, with 202,500 tonnes of carbon emissions saved per year. Spearheading the development of up to 2,000 MW of floating offshore wind power This innovative and pioneering project would spearhead the development of up to 2,000 MW of floating offshore wind projects identified by the company off the coasts of Galicia, Andalusia and the Canary Islands. The project is one of 150 initiatives submitted by the company to the Next Generation EU programme - in the fields of heat electrification, floating offshore, sustainable mobility, green hydrogen, innovative renewables, smart grids, circular economy and energy storage - that would mobilise investments of €21 billion and involve hundreds of small and medium-sized enterprises. The projects would generate 45,000 jobs/year, generate economic growth of more than 1.5% of GDP, improve competitiveness and the balance of payments - between €500 and €1 billion per year - and contribute to the demographic challenge, as they include more than €7 billion in rural areas. Hundreds of small and medium-sized enterprises in Spain would be involved in the projects, which could boost the competitiveness of Spanish industry in the short, medium and long term. The developments will contribute to the green and digital transition established by the European Union and are aligned with the Spanish Government's Recovery, Transformation and Resilience Plan. In addition, Iberdrola is deploying an investment plan of €14.3 billion by 2025 in Spain, as part of a growth strategy that will lead it to invest €75 billion worldwide. Towards global wind leadership in offshore too Iberdrola has become an international benchmark in the offshore wind industry and has one of the largest offshore wind pipelines in the market, amounting to more than 30 GW. The company operates wind farms in the German Baltic Sea (Wikinger and Baltic Eagle), the North Sea (East Anglia ONE) and the Irish Sea (West of Duddon Sands). It is also making progress in the Vineyard Wind ONE (800 MW off the coast of Massachusetts), Park City Wind (with a capacity of 804 MW) and Kitty Hawk (Virginia) projects -through Vineyard Wind- and in the Saint Brieuc wind farm off the French coast. In recent months, it has also gained access to an early-stage pipeline in new markets, which will become growth platforms, such as Sweden, Japan, Poland and Ireland. In Denmark, Iberdrola has recently agreed to participate with Total in the country's upcoming auction for the Thor offshore wind farm (1GW). By 2025, Iberdrola expects to reach 60 GW of installed renewable capacity worldwide, of which 4 GW will be offshore wind. READ MORE
