News
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18/01/2022Iberdrola installs AkzoNobel's solar self-consumption systems in Spain and Germany AkzoNobel in Spain is consolidating its commitment to sustainability and resource optimisation with Iberdrola, which has installed 2,600 photovoltaic panels at the paint and coatings manufacturer's centres in Catalonia -Vallirana, Zona Franca and Villafranca del Penedés-. This installation has a total power of more than 1,200 kW. This system will prevent the emission of more than 14,000 tonnes of CO2 into the atmosphere over the next 25 years and will save the company's current energy consumption. AkzoNobel has also worked with Iberdrola to install solar self-consumption systems at its plants in Germany, where it has also opted for solar self-consumption at the Reutlingen and Hilden production centres, which will prevent the emission of 2,300 tonnes of CO2 into the atmosphere over the next 25 years. The total energy generated by these installations will reach 13,600,000 kWh per year, equivalent to the average consumption of more than 5,000 households. In addition, this initiative will prevent the emission of more than 16,000 tonnes of CO2 into the atmosphere over the next 25 years. The state-of-the-art photovoltaic modules installed are equipped with sensorised and connected high-performance inverters that allow the fundamental parameters of the installations to be monitored via the web. The built-in smart solution provides real-time information on the energy consumed and produced via an app. Framed in its sustainable business philosophy People. Planet. Paint, AkzoNobel plans to extend this type of action to other centres in the group, thanks to the efficiency, competitiveness and care for the environment that it generates. Among its global sustainable goals, the paints and coatings company intends to reduce carbon emissions by 50%, pursues the goal of using 100% renewable electricity and aims to achieve zero non-reusable waste by 2030. In this regard, Iberdrola aligns itself with AkzoNobel's priorities to preserve the environment, thus collaborating both companies in their objectives to accelerate the energy transition and contribute to a more sustainable development model. Self-consumption solutions with the advantages of digitalisation Electrification and digitalisation are enabling the development of a new energy model that offers smart solutions. Iberdrola has Smart Solar, a comprehensive and customised solution for the generation and consumption of photovoltaic energy, which enables savings on electricity bills and includes all the advantages of digitalisation. This solution includes the study and customised design, administrative processing, installation, financing, insurance advice, maintenance and monitoring. Like all Iberdrola smart solutions, it allows you to check the energy produced and consumed digitally in real time, via the web or the Iberdrola App, and to manage the installation autonomously. The competitiveness of solar self-consumption makes these solutions optimal for single-family homes, residential buildings and industries and the agricultural segment, optimising consumption and improving the energy efficiency of installations. It also contributes to the fight against climate change by generating and consuming renewable energy, free of CO2 emissions. Self-consumption has accelerated to a large extent due to the environmental awareness of many citizens, helped by technological developments that have significantly reduced costs and a regulation that simplifies the processing of installations. Innovative modalities such as shared self-consumption are also being promoted. This framework also contemplates installations with surpluses that are eligible for compensation, so that energy that is not self-consumed at the time it is generated can be fed into the grid. Iberdrola has integrated the conservation of the biological diversity of ecosystems into its strategy, demonstrating that it is possible to effectively combine the supply of competitive, clean, and sustainable energy with the balance of biodiversity and the environment. READ MORE
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18/01/2022Iberdrola hires more than 5,600 people in the last year Despite the health and economic crisis , Iberdrola has hired more than 5,600 people in the last year, bringing its workforce to nearly 40,000 professionals in 40 countries. In a period as complex as the last two years, the energy company has accelerated its commitment to a green recovery of the economy and employment, with the incorporation of more than 9,000 people since the end of 2019. If in 2020, the company hired 3,500 people, in 2021 this figure has exceeded 5,600 jobs, of which 36% are under 30 years of age. The firm believes in creating stable, quality employment. It currently provides four times more hours of training per employee per year than the average European company. Through this commitment to talent, the company has helped sustain a supply chain that employs 400,000 people globally and plans to exceed 500,000 people by 2025. This commitment to human capital is a consequence of the company's investment efforts and its international growth plans. Iberdrola has a very ambitious growth plan, with investments of 75 billion euros until 2025, with which it will double renewable capacity and advance in smart grids and the electrification of the economy. In addition, this investment plan is associated with the incorporation of 20,000 professionals during this period. This strategy began two decades ago - with an investment of 120 billion euros in renewables and smart grids - demonstrating how its model is profitable for all its stakeholders. And so, in the last twenty years, Iberdrola has gone from being a local utility to becoming a global energy leader , quadrupling its renewable capacity. All of this has been accompanied by a profound process of geographical diversification and strengthening of the balance sheet. In fact, it generates more than 31.1 billion euros of GDP annually in the countries in which it operates. 100% equal pay for men and women In recent years, Iberdrola has consolidated wage equality between men and women. The achievement of this goal is part of the company's strategic plan and of the evaluation criteria of senior management. Currently, female representation represents 42% of the total, above the 20% average in the STEM labour ecosystem . Since 2013, Iberdrola has become one of the companies with the highest percentage of female directors among Ibex companies: it has 50% of external female directors on its Board of Directors and has set itself the goal of increasing the presence of women in management positions to reach 30% by 2025. READ MORE
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16/01/2022Iberdrola leads success in UK's largest offshore wind auction: 7,000 MW with €22.5 billion investment Iberdrola has today been awarded 7,000 MW of offshore wind capacity in the largest tender to date as part of Crown Estate Scotland’s ScotWind Leasing, which will involve a total investment of 22.5 billion euros. The group has been awarded the seabed rights to develop three new offshore windfarms off the coast of Scotland: two new floating windfarms developed in conjunction with Shell and one solo fixed project. The new Scottish projects, which have the potential to create enough clean energy to power almost 8.5 million homes – more than three times the number of homes in Scotland – comprise: • MarramWind joint venture (in partnership with Shell) off the north-east coast of Scotland (3,000 MW floating) • CampionWind joint venture (also with Shell) off the east coast of Scotland (2,000 MW floating) • MachairWind project off the coast of Islay (Iberdrola only 2,00 MW fixed). Iberdrola’s Chairman and CEO, Ignacio Galán, highlighted that “the trend towards climate neutrality is unstoppable and making it a reality involves decarbonising the energy sector. Offshore wind is essential for a net zero world as it delivers large volumes of clean energy at competitive prices, as well as boosting industrial development and creating significant employment. The award of Scotwind shows our commitment to Scotland and the UK. "Iberdrola is a global leader in offshore , with investments of more than €5.5 billion already delivered in the UK, Europe and the US. By 2030, we aim to invest 30 billion euros delivering projects in existing markets, as well as new markets, such as Asia. The significant investment opportunities for this technology is also encouraging new partnerships, such as the one we have created with Shell. This builds on other partnerships we have developed globally with companies such as Total and Macquarie. The MarramWind and CampionWind sites, which are in deeper waters than the Islay site, will be among the world’s first large-scale floating offshore windfarms, heralding the start of a new era for floating wind that will kick start a new green global offshore industry – with Scotland and the UK leading the way. Around €22.5 billion will be invested in the three ScotWind projects overall, with around €12 billion committed for Scottish businesses and institutions – including a €90 million Supply Chain Stimulus Fund. Commissioning is expected beyond 2030. Online supply chain registration portals for all three projects are now live, giving organisations the chance to get involved in working with the Spanish company and Shell to shape the next chapter for the offshore wind industry. With these projects, Iberdrola increases three-fold its UK offshore wind portfolio to more than 10,000 MW. Global leader in offshore wind Iberdrola is a world leader in the development of offshore wind, with an operational capacity, pipeline and early-stage developments of approximately 37,000 MW. Focused on countries with ambitious targets, the company expects to have 12,000 MW of offshore wind energy in operation by 2030 and cumulative investments in excess of €30 billion worldwide. After 15 years developing offshore technologies, the company chaired by Ignacio Galán is once again a pioneer, as it was then in onshore wind power. Iberdrola currently operates 1,258 MW in the United Kingdom and Germany, with an investment of more than €5.5 billion euros, and has 4,100 MW under construction or with construction assured in the United States, France and Germany, with a committed investment of more than €15 billion. In addition, it has a project pipeline of 31,500 MW in the United States , the United Kingdom, Poland, Sweden, Ireland, Taiwan, Japan, the Philippines and Brazil, a portfolio that could increase in the coming years thanks to the numerous auctions in which the company is participating. Potential investments associated with this project pipeline, many of which could mature beyond 2030, could be estimated at €90 billion. Successful strategic alliances Iberdrola is aware that the fight against climate change requires strengthened collaboration between businesses, governments and civil society. To this end, the company has created an extensive programme of corporate alliances around the world to undertake a monumental investment effort in renewable energy, smart grids, green hydrogen, storage technologies, as well as in innovation and research, which must be mobilised over the next two decades in order to mitigate and curb global warming. Iberdrola is carrying out its investment plans together with companies such as Shell, Total, Macquarie and many others in countries such as Japan, Taiwan and the Philippines , demonstrating the need to join forces to accelerate the electrification of the economy. Offshore wind is key to the decarbonisation of the energy industry due to its capacity to generate an immense amount of clean, increasingly competitive energy. As a result, its growth is accelerating significantly, and worldwide installed capacity is expected to increase from around 40,000 MW today to 400,000 MW by 2035. In the current decade alone, investment by companies in the sector will exceed €670 billion. This is a complex technology in which the experience accumulated by companies such as Iberdrola is essential. Competitiveness in this sector is based on optimising processes to reduce costs, but also on having the necessary capabilities for planning, development, design, construction and operation, as well as access to the necessary capital. Through the deployment of offshore wind Iberdrola is contributing to strong job creation, with the case of Navantia-Windar, which has contracts awarded by Iberdrola worth €1.3 billion, standing out. The projects already underway alone have created 3,000 jobs, and the latest collaboration agreement between Iberdrola, Navantia and Windar has added 2,000 direct jobs and several thousand more jobs in subcontracting. READ MORE
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13/01/2022Iberdrola becomes a leading UK solar developer Iberdrola, through its British subsidiary ScottishPower , has signed two deals to acquire 17 solar photovoltaic (PV) projects in the UK, with a combined capacity of more than 800 MW. The contracts have been concluded separately with Elgin Energy, which owns 12 projects, and Lightsource BP, which controls the rest. Both companies are experienced developers with a long track record in renewable energy. The projects, across England, Scotland and Wales, are in advanced stages of development and will be operational by 2025 with a total investment of approximately £500 million (around €600 million). This portfolio of solar sites will add enough clean energy to power over 220,000 homes. Iberdrola now moves to the forefront of the UK’s solar industry, with its market share rising from 2% to 9%. The deals confirm the company’s commitment to growing the renewables market across the UK, where ScottishPower is the only 100% green integrated utility. They will also contribute towards reaching net zero greenhouse gas emissions in Scotland in 2045 and in the United Kingdom by 2050. As of September 2021, Iberdrola has almost 3 GW of installed PV worldwide, an increase of 89% compared to 2019. Of this capacity, 2,028 MW are in Spain, 642 MW in Mexico, 191 MW in the US, 4 MW in the UK and 31 MW in other countries. It also has 31 GW of solar projects under development in Spain, US, Mexico, UK, Portugal and Italy. The company's investment plan for 2020-2025 sets to double its current PV capacity to 6 GW by the end of 2022, and to have 14 GW installed by 2025. 30 corporate transactions since the start of the pandemic Iberdrola continues to grow . With these two deals, the company chaired by Ignacio Galán has managed to close 30 corporate transactions since the beginning of 2020, including 17 acquisitions which have enabled entrance to new markets such as Sweden, Ireland, Poland, Japan and Australia. For two decades, Iberdrola has been leading the energy transition , acting as a key driving force in the transformation of industries and the green recovery of the economy and employment. The company has launched a major investment plan of €150 billion over the next decade – €75 billion by 2025 – with which to triple renewable capacity and double network assets while taking advantage of the opportunities created by the energy revolution facing the world's leading economies. With 80% emission-free production at the end of nine months 2021, the Iberdrola group has committed to be carbon neutral by 2030 in Europe (where its emissions are already only around 50g/kWh) and to be carbon neutral globally by 2050. READ MORE
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12/01/2022Iberdrola secures option in the Philippines to expand offshore wind activities in Asia Iberdrola continues its expansion in the Asia-Pacific region. It has signed an agreement with Stream Invest Holding AG, a Swiss renewable energy group, and Triconti ECC Renewables, the Philippines’ largest independent wind developer, securing an option to enter five offshore wind projects at very early stages of development. All projects have secured a Wind Energy Service Contract from the Philippines Department of Energy and would be jointly developed by the companies. This alliance opens the opportunity for Iberdrola to enter a new offshore wind market in Asia which has strong growth potential over the coming decades. This agreement showcases Iberdrola’s willingness to invest and unlock the massive renewables potential of the Philippines and help the country deliver its National Renewable Energy Program (NREP) for 2020-2040 which has set a target of 35% share of renewable energy in the power generation mix by 2030 and 50% share by 2040. With a BBB+ rating (S&P Global), an expected GDP growth above 6% and electricity demand set to expand at approximately 6% annually between now and 2040, Iberdrola believes the Philippines is one of the most dynamic economies in the Asia Pacific region and is well positioned to support the country’s planned transformation towards a clean energy future. Committed to local communities and green recovery Iberdrola is highly committed to the economic and social wellbeing of the communities where it operates and has a proven track-record of community engagement, having established sound relationships with local trade unions and industries aimed at creating strong, sustainable, local supply chains. Iberdrola is confident that electrification will act as a lever for change in the post-COVID world and has therefore accelerated investment to help revitalise economic activity and job creation. This commitment to a green recovery has led it to commit record investments in 2021 of €10 billion in renewable energy, smarter electricity networks and large-scale storage systems, with overall investments of €120 billion since 2001 worldwide. Iberdrola’s entry into the Philippine market is aligned with the group’s diversification strategy aimed at becoming a global leader in offshore wind while consolidating its position as the world’s largest renewables energy company. This agreement joins other offshore wind transactions carried out by the company in recent years which have allowed the development of wind farms in the Baltic Sea (Wikinger, Windanker, Baltic Eagle), the North Sea (East Anglia ONE, Flagship), the Irish Sea (West of Duddon Sands), the coast of Massachusetts (Vineyard Wind, Park City Wind, Commonwealth Wind) and the coast of Brittany in France (Saint Brieuc). Iberdrola has operational assets, pipeline and other early stage developments of approximately 35 GW in the UK, US, Germany, France, Poland, Sweden, Norway, Taiwan, Japan, Korea and Brazil. Iberdrola operates 37.4 GW of renewables across the world and has a pipeline of over 81.5 GW of renewable projects. READ MORE
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11/01/2022Irish Prime Minister inaugurates Iberdrola and DP Energy offices in Cork Iberdrola and DP Energy have officially opened the new offices of the offshore wind joint venture, in which Iberdrola has a majority stake. The new premises, located at 1 Horgan's Quay, Waterfront Square, in the heart of the port city of Cork, have been inaugurated by the Irish Prime Minister Micheál Martin. Iberdrola is developing three offshore wind projects off the Irish coast, two of which will use floating technology (called Inis Ealga and Clarus, respectively) and the third, called Shelmalere, will use traditional technology, i.e. fixed foundations anchored to the seabed. Once operational, the three offshore farms will generate enough green energy to power the equivalent of 2.6 million Irish homes. The commissioning of these projects, expected between 2028 and 2030, will make a significant contribution to meeting the Irish Government's climate action plan which sets a target of 5 GW of installed offshore wind capacity by 2030 so that 80% of electricity generation will come from renewable sources. Speaking at the event, Irish Prime Minister Micheál Martin stressed that this is a very important milestone for the joint venture and the Cork region: "Renewable energy will play an important role in the future of the island as we seek to prosper and grow in a truly sustainable way. I look forward to seeing DP Energy and Iberdrola progress both at home and abroad as we seek to work together for a green future for the whole nation," Martin added. Charlie Jordan, Iberdrola's offshore wind director for the UK and Ireland, said: "Ireland's particular geographic and wind resource conditions will allow it to be among the strongest countries in the European offshore sector in the coming years and to benefit from a significant flow of investment while creating thousands of highly skilled jobs. Iberdrola consolidates its presence in Ireland The company is strengthening its presence in the Irish market, where it has been operating for two decades, developing wind and high-capacity storage projects, and has expanded its energy sales area. In Ireland, Iberdrola plans to invest up to 100 million euros in new renewable and storage projects between now and 2025. Its actions under development include the repowering and hybridisation with batteries of the Barnesmore wind farm in County Donegal (Ireland), Rigged Hill, Corkey, Elliots Hill and Callagheen in Northern Ireland. It is also building the country's largest battery facility in Gorman (50 MW), which will be operational this year. Iberdrola has been leading the energy transition for two decades, acting as a key driving force in the transformation of the industrial fabric and the green recovery of the economy and employment. To this end, the company has launched a historic investment plan of 150 billion euros over the next decade -75 billion euros by 2025-, with which to triple renewable capacity and double network assets and take advantage of the opportunities of the energy revolution facing the world's leading economies. With 80% emission-free production at the end of nine months 2021, the Iberdrola group has committed to be carbon neutral by 2030 in Europe, where its emissions are already only around 50g/kWh at the end of nine months 2021, and to reduce its global CO2 emissions intensity to 50g/kWh - it would be 70g/kWh by the end of 2025 - to be carbon neutral globally by 2050. READ MORE
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11/01/2022Iberdrola completes restructuring agreement with CIP and increases US offshore wind portfolio to 4.9 GW Iberdrola has formally concluded an agreement to take control of over 2,000 megawatts (MW) of US offshore wind capacity, consolidating its position as one of the largest developers of offshore wind in the country. The restructuring of a joint venture agreement with Copenhagen Infrastructure Partners (CIP) means Iberdrola’s Avangrid Renewables takes full ownership of Commonwealth Wind, which was selected in December as part of Massachusetts’ third offshore wind competitive procurement process. The 1,232-megawatt (MW) project, New England’s largest offshore wind project to date, will create 11,000 full time equivalent jobs over the project’s lifetime and generate enough energy to power 750,000 homes annually. The company also has sole ownership of Park City Wind , an advanced 804 MW project in Connecticut with a PPA secured and BOEM permitting underway. Additionally, Iberdrola also retains 50% of the 800 MW Vineyard Wind 1 project in Massachusetts, and the right to take control of the project during the operational phase. This will be the first commercial scale offshore wind farm operating in the US, following the start of construction in Q4 2021. In total, Iberdrola’s investment in its US offshore pipeline could exceed $15 billion in the coming years. Iberdrola spearheading clean growth in the US Iberdrola has grown considerably in two decades operating in the US. The company’s subsidiary AVANGRID listed on the New York Stock Exchange six years ago, and it is now present in 25 states. Major investments in onshore renewables have built an operating capacity of more than 8,000 MW. The company manages more than 170,000 kilometres of power lines via eight utilities in New York, Connecticut, Maine and Massachusetts, serving a population of 7 million people, with 3.3 million direct customers. As well as being one of the three largest wind and solar energy companies in the US, Iberdrola is now a leader in offshore wind, with a pipeline of 4,900 MW. It plans to invest more than $30 billion between 2020 and 2025 in transmission and distribution networks, and renewables, which will enable it to almost double its renewable capacity by 2025. These investments are aimed at increasing its presence in the offshore wind and solar sectors, as well as strengthening its leadership in onshore wind. Through its subsidiary Avangrid, it also owns the Kitty Hawk development area (2,500 MW) in North Carolina, has already started the BOEM permitting process for the Kitty Hawk North project (800 MW), the first project to be developed in this area, and manages other wind farms at an earlier stage of development. Global leader in offshore wind Iberdrola is a world leader in the development of offshore wind energy, with operational capacity pipeline and early-stage developments of more than 38,000 MW. Focused on countries with ambitious targets, the company expects to have 18,000 MW of offshore wind energy in operation by 2030. In Europe, Iberdrola is at the forefront of the offshore wind market with 1,300 MW of operational capacity in Germany (Wikinger ) and the UK (East Anglia ONE and West of Duddon Sands) and almost 1,000 MW coming soon in Germany ( Baltic Eagle ) and France (St. Brieuc ). In addition to the US, it manages a large portfolio of projects in the UK, France and Germany, as well as in new growth platforms such as Ireland, Sweden and Poland. In the rest of the world, the company is consolidating new growth platforms in various regions, with a significant project pipeline in Asia (Japan and Taiwan), as well as in other emerging markets, such as Brazil. Record investment globally to deliver Net Zero Iberdrola recently launched a record investment plan of $175 billion over the next decade – close to $88 billion by 2025. These plans will allow the company to triple its renewable capacity to 95,000 MW and double its network assets, supporting the energy transition underway in the world's major economies. Having already invested $140 billion over the past twenty years, Iberdrola is a leader in renewable energy with over 35,000 MW installed capacity, making its generation fleet one of the cleanest in the energy sector. The company supplies energy to around 100 million people in dozens of countries across the world, supporting 400,000 jobs globally. Core businesses are located in in the US (AVANDRID), UK (ScottishPower ), Spain, Brazil (Neoenergia ) and Mexico. Globally Iberdrola also has office bases and extensive clean energy project portfolios in Australia, Germany, France, Japan, Italy, Poland, Sweden, Ireland, Taiwan, Vietnam and Greece. READ MORE
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09/01/2022Spain presents in Dubai the largest Green Hydrogen plant in Europe located in Puertollano A Spanish delegation, led by the Minister of Transport, Mobility and Urban Agenda, Raquel Sánchez Jiménez, today presented a paper at Expo Dubai 2020 on "The need to accelerate the transformation towards sustainable mobility" with the participation of Santiago Bañales, Director of Iberdrola Innovation Middle East. The World Expo is being held in the capital of the Emirates until 31 March 2022 and features pavilions from 192 countries, among which the Spanish Pavilion stands out for its striking bioclimatic architecture adapted to a desert environment. The director of Iberdrola Innovation Middle East, Santiago Bañales, in his speech stressed that "the electrification of transport is a critical element in achieving the ambitious decarbonisation targets agreed at COP26". In its commitment to leading the energy transition, Iberdrola is spearheading the development of green hydrogen with more than 60 projects in eight countries (Spain, United Kingdom, Brazil, and United States, among others) to respond to the electrification and decarbonisation needs of sectors such as industry and heavy transport. The company has created a new green hydrogen business unit with which it aims to position itself as a world leader in this technology. The group is thus at the forefront of the new technological challenge of producing and supplying hydrogen from clean energy sources. During her visit to the Dubai Expo, the Minister of Transport, Raquel Sánchez, visited Iberdrola's model of what is the largest green hydrogen plant for industrial use in Europe, built in Puertollano (Ciudad Real). With an investment of 150 million euros, the initiative will create up to 700 jobs and avoid emissions of 48,000 tCO2/year. The green hydrogen produced there will be used in Fertiberia's ammonia factory in the town. This will enable the manufacture of fertilisers without using fossil fuels or emitting carbon dioxide, helping to reduce the climate footprint of the agricultural sector. "Society must know that companies are committed to the fight against climate change", insisted Santiago Bañales. "Expo Dubai 2020 is a showcase to show the world the new technologies and capabilities that companies have to make the energy transition possible. They are windows into the future that we can have as humanity". "The pandemic has revealed a sense of urgency in transforming the production model and tackling the major problems facing humanity," stressed Santiago Bañales. "Problems must be tackled when there is still a solution; that is why we are anticipating the decisions that the planet must take. Companies must make our investments in response to the challenges that societies present us with, in other words, responding to all the challenges formulated by the United Nations Sustainable Development Goals". This international event has served to show the world our country's firm commitment to clean energy and decarbonisation. "Iberdrola has also started to produce green hydrogen in Barcelona's free trade zone, which will supply metropolitan buses. As part of its commitment to sustainable mobility, the company has a Global Mobility Plan that includes the installation of 150,000 recharging points by 2025", added the executive of the Spanish multinational. "Our goal is to lead the public charging networks by investing more than 150 million euros in fast charging stations." Within Iberdrola's investment plan to 2030, which totals 150 billion euros, green hydrogen will be a major growth vector. Iberdrola is already developing several projects that will enable the decarbonisation of industry and heavy transport in Spain and the United Kingdom, as well as developing its value chain. The group currently has a green hydrogen portfolio that will require investments of more than 3,000 million euros by 2030 for the production of 134,000 tonnes per year. The company has also submitted 54 projects to the Next Generation EU programme, which would trigger investments of 2.5 billion euros to achieve an annual production of 60,000 tonnes of green hydrogen. READ MORE
