Press releases
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26/07/2023Masdar joins Iberdrola to co-invest in the Baltic Eagle wind farm in Germany Masdar, the UAE’s flagship renewable energy company, has signed a strategic agreement with Iberdrola, a global clean energy leader, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake in the asset, which will help to accelerate green energy security in Europe. According to the terms of the deal, Baltic Eagle wind farm is valued at approximately €1.6 billion euros. Iberdrola will control and manage the asset, providing operation and maintenance services and other corporate services. The deal was signed in Madrid by Ignacio Galan, Iberdrola’s Executive Chairman, and Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi, as part of a wider acknowledgement agreement between the two clean energy powerhouses. Both parties consider this a strategically important transaction and a critical milestone as they strengthen their partnership to explore further renewable energy investment opportunities in a range of technologies and regions. Baltic Eagle will consist of 50 wind turbines built on monopile foundations, each with a unit capacity of 9.53 MW. Anticipated annual production is 1.9 terawatt-hours (TWh), enough clean energy to meet the electricity demands of 475,000 homes, saving 800,000 tons of CO2 being released into the atmosphere every year. The wind farm, which is scheduled to come into initial operation at the end of 2024, has a minimum regulated tariff of €64.6/MWh for the first 20 years. In addition, 100% of its production has already been sold via long-term contracts. HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, said: “When companies with long histories of pioneering clean energy join forces, it creates lasting solutions for people and the planet. This landmark agreement between Masdar and Iberdrola will harness Germany’s abundant wind power in the Baltic Sea and bring electricity to nearly half a million homes, while cutting emissions. As the UAE looks ahead to hosting COP28, partnerships such as this show how we can hold back emissions, without holding back progress.” Ignacio Galan, Iberdrola’s Executive Chairman, said: “Delivering the clean energy that the world needs requires companies with vision and commitment that are willing to make major investments in new infrastructure. Masdar brings all of these qualities to Baltic Eagle. This a major project that will help to drive forward green energy security in Europe, reduce emissions for homes and businesses, and support thousands of highly skilled jobs. Building long-term partnerships with sustainable leaders like Masdar will help Iberdrola to continue leading the energy transition globally.” Dr Sultan Al Jaber and Mr Ignacio Galan met earlier this month. Ahead of the UAE hosting the UN climate change conference, COP28 , they discussed the urgent need to triple global renewable energy capacity to ensure the Paris Agreement goals of limiting global temperature rises remain within reach. In September 2022, the UAE and Germany signed an agreement to advance projects of joint interest on areas including energy security, decarbonization and climate action. The Energy Security and Industry Accelerator Agreement (ESIA) signed between the two countries involved plans for Masdar to explore offshore wind opportunities in the Baltic Sea to support Germany’s clean energy goals. Today’s €1.6 billion deal with Iberdrola marks a significant contribution towards that aim. The strategic partnership between Masdar and Iberdrola will help to advance Europe’s ambitious offshore wind development targets. By joining forces, the two flagship clean energy companies will share knowledge and develop innovative solutions. This can also lead to enhanced project management practices and improved operational efficiencies, which ultimately drives down costs and makes offshore wind more competitive. Iberdrola, a leader in offshore wind Iberdrola has 3,000 MW of offshore wind projects under construction or secured with zero seabed costs a thanks to the Group’s first mover status. The company is helping to support the energy transition and job creation in its supply chain across the world. At the beginning of July this year, Iberdrola connected the Saint-Brieuc offshore wind farm in France to the electricity grid. It is the first large-scale offshore wind project to be delivered in the Brittany region. In addition, the Vineyard Wind offshore project in the US is expected to come on-line in the last quarter of 2023. The Baltic Eagle wind farm in Germany will be operational in 2024, with East Anglia 3 in the UK and Windanker in Germany beginning production in 2026. These projects will add to Iberdrola’s current 1,258 MW of operational offshore wind projects, including West of Duddon Sands in the Irish Sea, Wikinger in the German Baltic Sea, and East Anglia ONE in the southern North Sea. Masdar, the UAE’s clean energy powerhouse Since 2006, Masdar has been a pioneer in advancing the clean energy sector in the UAE, the Middle East and around the world. With projects across 40 countries, Masdar is delivering more than 20 GW of clean, life-changing energy – enough to power over 5.25 million homes. Its global investment portfolio exceeds US$30 billion and, in some cases, Masdar’s projects are bringing continuous electricity to places where there was none. Together with partners, Masdar has developed landmark renewable energy projects across continents. This includes the Middle East’s first concentrated solar power plant in Abu Dhabi and the world’s first utility-scale offshore floating wind farm off the Scottish coast. Masdar is also developing Southeast Asia’s largest floating solar power plant and moving forward with building Africa’s largest wind farm, a 10 GW mega-facility in Egypt. About Iberdrola Iberdrola alliances to deliver the energy transition In recent months, Iberdrola has closed multiple long-term alliances to promote the decarbonization of the economy: * Iberdrola recently signed a strategic alliance with GIC for the expansion of the transmission networks in Brazil for €430 million. * An agreement with Norges Bank Investment Management was secured to co-invest in 1,265 MW of new renewables capacity in Spain. * The company has signed an agreement to sell more than 8,400 MW of combined cycle gas plants in Mexico for $6 billion. * Iberdrola and MAPFRE have progressed their strategic alliance by incorporating an additional 100 MW into their clean energy joint venture in Spain, which already has 450 MW. * Iberdrola and bp also signed a strategic alliance in March to deploy 11,700 fast charging points in Spain and Portugal. * In addition, a few months ago Iberdrola signed an alliance with Energy Infrastructure Partners to co-invest in the Wikinger offshore wind farm and boost its offshore wind portfolio. As Europe’s largest electricity utility by market capitalization, and the second largest in the world, Iberdrola is a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others. The company has a workforce of over 40,600 and assets in excess of €154.6 billion. In 2022, Iberdrola posted revenues of nearly €54 billion, net profit of €4.34 billion, with €7.5 billion paid in tax contributions in the countries where it operates. The company helps to support more than 400,000 jobs in communities across its supply chain, and global supplier purchases topped €17.8 billion in 2022. A benchmark in the fight against climate change, Iberdrola has invested more than €150 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles. About Masdar Masdar alliances to deliver the energy transition Abu Dhabi Future Energy Company (Masdar) is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year. As one of the world’s fastest-growing renewable energy companies, Masdar is committed to developing offshore wind energy. The company established a dedicated Global Offshore Wind business vertical in London which oversees the life cycle of projects from origination to development, operation and even asset management. Germany is a key market and Masdar is keen to participate in upcoming auctions to support the country’s decarbonization targets. In addition, Masdar has formed several strategic partnerships to develop global integrated solutions. These include: 1. Masdar is actively involved in The Energy Security and Industry Accelerator Agreement (ESIA) between Germany and the UAE, where it aims to develop an impressive 10GW of offshore wind capacity in the North and Baltic Sea in Germany. By undertaking such a substantial project in Germany, Masdar showcases its dedication to driving the global transition towards cleaner and more sustainable energy sources. 2. Masdar has also collaborated with RWE, a prominent Germany-based energy company, to explore partnerships in key offshore wind markets. The strategic alliance will combine their expertise, resources, and technological prowess to identify and capitalize on opportunities across regions. 3. An alliance with the Azerbaijan government to develop up to 6GW of offshore wind capacity. Electricity generated by the project will serve local demand and be exported to Europe. The project will also facilitate green hydrogen production. 4. In October 2022, Masdar purchased Arlington Energy. This included the acquisition of an extensive 3GWh battery storage pipeline in the UK. READ MORE
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25/07/2023Iberdrola signs a new 500 million euros guaranteed green loan with Citi and Eksfin Iberdrola has reinforced its liquidity position with a new 500 million euros green loan granted by Citi, and partly guaranteed by the Norwegian Export Credit Agency (Eksfin). The transaction represents the first Eksfin guaranteed financing to a Spanish energy company. The loan, with an average life of nine years, makes it possible to extend the duration of Iberdrola's debt at a competitive price and is part of the company's financing strategy, capable of diversifying its debt structure. The aim is for the funds to be used for the construction and development of the East Anglia Three offshore wind farm in the UK. This project will have a capacity of 1,400 megawatts (MW), enough to supply clean energy to 1.3 million homes. In addition to advantageous long-term conditions, the loan has a drawdown period of 24 months, providing the Group with liquidity. This will improve Iberdrola's liquidity position, which at the end of the first quarter 2023 exceeded 21 billion euros. Iberdrola has strong relationships with Norwegian partners. The company is active in offshore wind development in Norway with its partners TotalEnergies and Norsk Havvind. Iberdrola also maintains a strategic alliance with the Norwegian sovereign wealth fund, managed by Norges Bank Investment Management, to co-invest in 1,265 MW of new renewable capacity in Spain (20% wind and 80% solar PV). The alliance is seeking to expand their plans by an additional 500 MW in the Iberian Peninsula. In turn, the sovereign wealth fund is one of the main shareholders of Iberdrola, holding a stake than 3% for more than seven years. Eksfin is the public Norwegian Export Agency with a triple A rating. The entity performs functions equivalent to Cesce in Spain, which has already backed an Iberdrola loan for 500 million, and the EKF from Denmark, which guaranteed a loan for 1 billion euros for the energy company. The total amount of Iberdrola's loans under guaranteed by an Export Credit Agency (ECA) stands at 2 billion euros. These entities exclusively manage credit and investment insurance on behalf of states, covering political, commercial and extraordinary risks associated with internationalization. This loan contributes to Iberdrola’s aim of diversifying financing, which combines various sources: financial institutions, development banks (such as the World Bank and European Investment Bank) , the market and export credit agencies, helping to reduce or eliminate the risk of operations. A leader in green financing Iberdrola has a firm commitment to sustainability, based on the electrification of the economy through clean energy, and aimed at combating climate change and supporting economies and employment in the communities where it operates. With this loan, the company chaired by Ignacio Galán continues to consolidate its leadership in sustainable financing, with more than 50 billion euros under active management, of which close to 18.5 billion euros are related to green bonds, which make it the largest private issuer of this type of debt. The projects to which Iberdrola allocates sustainable financing are aligned with the United Nations Sustainable Development Goals (SDGs), on which Iberdrola focuses its efforts: number 7 –Affordable and Clean Energy- and number 13 –Climate Action-. READ MORE
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20/07/2023Ignacio Galán reaffirms commitment to invest in the USA at Avangrid's General Shareholders' Meeting Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that shareholders overwhelmingly approved all presented proposals at its 2023 Annual Shareholder Meeting in Boston, Massachusetts. With overwhelming participation, approximately 98.5% of the shares present by proxy or in person, the vote indicates strong shareholder support for Avangrid’s strategic direction and governance system. The Chairman of Avangrid’s Board of Directors, Ignacio Galán, addressed shareholders of the company at the annual meeting. During his remarks, he reaffirmed the company's investment commitment to accelerating the energy transition : “Now more than ever, we need to move forward on energy autonomy and decarbonization. Avangrid is ready to lead the U.S. to a clean energy future and provide our customers with more secure, sustainable and affordable energy. Our efforts will also create jobs and economic growth, promote environmental and social justice, and invest in our communities.” At the annual meeting, the Avangrid shareholders voted to elect each of the 14 nominees to the Board of Directors to serve one-year terms expiring at the company’s 2024 annual meeting. Additionally, the Avangrid shareholders voted to ratify the appointment of Avangrid’s independent public accounting firm, approve on an advisory basis the compensation of Avangrid’s named executive officers, and approve amendments to Avangrid’s by-laws to implement committee changes. Avangrid CEO Pedro Azagra added, “Avangrid is proud to play a critical role in the United States’ energy transition and be a central part of history in the making. We have a more than 20-year history of commitment to clean energy as part of the Iberdrola Group, giving us the experience and dedication to build a clean energy future for all. We will do this through the expansion of smart grids, continued transmission development, robust renewables growth and the development of green hydrogen.” During the meeting, Azagra also remarked on the company’s 2022 achievements and future outlook: * Continued Investments: Avangrid invested $2.7 billion in its networks and renewables businesses in 2022. * Commitment to Customers: The company continues to support a stronger and more resilient grid for its customers through filed rates cases in all jurisdictions. * Delivering a Clean Energy Future for All: Avangrid is continuing transmission investments that will help deliver Maine and New York’s clean energy visions, drive long-term growth and contribute to local economic development and job creation. * Clean Energy Leader: The company added nearly 400 MW of new onshore wind and solar, including its first utility-scale solar plant, Lund Hill . Avangrid’s 8.6 GW renewables fleet now produces enough emissions-free electricity to power approximately 2.7 million homes. * Pioneer of Offshore Wind : Avangrid is on track to deliver power this year from the country’s first offshore, large-scale wind power facility Vineyard Wind 1, which will soon serve 400,000 customers across Massachusetts. The final voting results will be available on a current report on Form 8-K that will be filed with the Securities and Exchange Commission and posted on AVANGRID’s website, www.avangrid.com . READ MORE
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14/07/2023We increase renewable energy production by 5.7 %, thanks to investments in clean energy Iberdrola has reinforced its commitment to the energy transition , with data published today by the National Securities Market Commission (CNMV). showing the company has increased its renewables installed capacity by 6.5% worldwide in the last 12 months, reaching a total of 41,246 MW. Thanks to the investments new renewables capacity and new installed capacity , in the first half of the year the company has increased its own clean energy production by 5.7% compared to the same period last year, up to 42,756 GWh. The commitment to clean energy has seen strong growth in the company’s solar PV capacity, which has increased by almost 45% in the last 12 months (1,543 MW of new installed capacity), reaching almost 5,000 MW in total at the end of the first half of 2023. Continued growth has also been recorded in wind energy, reinforcing its position as a global leader. Onshore wind power grew 4.5% in the last twelve months, reaching 20,577 MW, while offshore wind power is up 8.9%, to 1,370 MW at the end of June 2023. Last week Iberdrola connected the Saint-Brieuc offshore wind farm to the French electricity grid, which is in construction off the coast of Brittany. Saint-Brieuc is the first large-scale offshore wind project in Brittany, and only the second in France to produce clean energy. In line with the company's commitment to decarbonization, Iberdrola's renewables capacity has improved in most of the countries where the company operates: Brazil (+12%), Spain (+6.3%), United States (+2.5%) and the rest of the world, where renewables capacity has grown by 25%. In this way, the Iberdrola group is making progress on its historic investment plan of 47,000 million euros between 2023 and 2025, with which it aims to reach 52,000 MW of renewable installed capacity by 2025, with a special focus on offshore wind power, where the company plans to invest more than 11,000 million euros by 2026. One of the cleanest generation portfolios in the world The greater contribution of renewables means that Iberdrola’s emission-free production ratio has increased to 83%, which rises even further to reach 89% in Spain. The company maintains emissions levels some two-thirds below those of its European competitors. In terms of installed capacity, the investments made by the company mean that more than 81% of its total own capacity is emissions-free. By country, the United States has 91% emissions-free capacity, 90% in Brazil, and 100% in the United Kingdom, where all of its capacity is green. READ MORE
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13/07/2023Ignacio Galán receives the Minister of Industry and Advanced Technology of the United Arab Emirates Clean energy pioneers from the UAE and Spain met in Madrid to discuss ways to boost renewable energy capacity and support global net-zero goals. Dr Sultan Al Jaber, founding CEO and current Chairman of the UAE’s flagship renewable energy company, Masdar, met Ignacio Galán, Executive Chairman of leading global clean energy firm , Iberdrola, in Madrid this week. Ahead of the UAE hosting the UN climate change conference, COP28, in November and December, Dr Sultan has been meeting global leaders to forge strategic alliances and build consensus toward solutions that can deliver a just and equitable energy transition . Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President-Designate, said, “The world needs to triple renewable energy capacity by 2030 if we are to keep the Paris Agreement goal of limiting global warming to 1.5 degrees within reach. This can only be achieved through strong international collaboration. Both Masdar and Iberdrola have long and proud histories of advancing life-changing renewable energy projects around the world. Not only do these projects boost decarbonization, but they also increase jobs and opportunities. This is exactly what is needed if we are to accelerate the energy transition, without leaving people behind. “I was delighted to meet Mr Galán and to discuss constructive ways in which the renewable energy sectors in both the UAE, Spain, and across the world, could continue to expand on their vital mission for the maximum benefit of people and the planet.” Ignacio Galán, Executive Chairman of Iberdrola, said: “Iberdrola has decades of experience in delivering the clean and secure energy model the world needs, investing more than 150 billion Euros in the transition over the last 20 years. With another vital COP summit approaching, and much work to be done to stay on track with the Paris agreement, it is more important than ever that policymakers, and companies investing in energy, remain committed to boosting clean electrification through renewables, smarter grids and energy storage. “It was a pleasure to meet again Dr Sultan Al Jaber. We both share the same outlook that renewables are the best way forward for the planet. Many private companies and investors from across the world are making the right calls on supporting the transition. Together we can help the world to meet its climate targets, as well as supporting economies and enhancing employment.” Masdar was established by Dr Sultan in 2006, under the UAE leadership’s far-sighted vision to diversify the country’s energy sources while addressing global sustainability challenges. One of the world’s fastest-growing renewable energy companies, Masdar is active in over 40 countries and has a total renewable electricity generation capacity of over 20GW. Masdar’s global investment portfolio exceeds US$30 billion and it is targeting a renewable electricity capacity of at least 100 GW by 2030. The company has invested in cutting-edge technology including green hydrogen , geothermal and waste-to-energy projects and is committed to delivering clean energy across communities. As well as developing utility-scale projects, Masdar’s off-grid plants are bringing continuous electricity to places where there was none. Leading the energy transition for more than two decades, Iberdrola is today a global green leader in clean energy, networks and storage – the largest electricity utility in Europe and the second largest in the world by market capitalization, with more than 71 billion euros. On top of the company’s current asset base of €150 billion, Iberdrola’s Strategic Plan for 2023-2025 commits to a record level of €47 billion of investment in just three years, focused on electricity grids and renewables to promote a safe, clean, and competitive system. Iberdrola has more 40,000 MW of renewable operating capacity today, including hydroelectric , onshore and offshore wind and solar power . With more than 40,000 employees, and 12,000 new hires by 2025, the company supports 400,000 jobs in total across its value chain. About Masdar Abu Dhabi Future Energy Company (Masdar) is the UAE’s clean energy champion and one of the largest companies of its kind in the world, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges. Established in 2006, Masdar is today active in over 40 countries, helping them to achieve their clean energy objectives and advance sustainable development. Masdar is jointly owned by Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company (Mubadala), and Abu Dhabi National Energy Company (TAQA), and under this ownership the company is targeting a renewable energy portfolio capacity of at least 100 gigawatts (GW) by 2030 and an annual green hydrogen production capacity of up to 1 million tonnes by the same year. About Iberdrola Iberdrola , Europe’s largest electricity utility by market capitalization, and the second largest in the world, is a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others. The company has a workforce of over 40,600 and assets in excess of €154.6.billion. In 2022, Iberdrola posted revenues of nearly €54 billion, net profit of €4.34 billion, with €7.5 billion paid in tax contributions in the countries where it operates. The company helps to support more than 400,000 jobs in communities across its supply chain, and global supplier purchases topped €17.8 billion in 2022. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles. READ MORE
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13/07/2023EnergyLOOP and Surus join forces to tackle wind turbine blade recycling Madrid 13 July 2023. ENERGYLOOP , a company owned by FCC Ámbito and Iberdrola for the recycling of wind farm components, has signed a collaboration agreement with SURUS , a leading Spanish company in adding value through the execution of projects related to sustainability and the circular economy, with the aim of providing a joint solution for the recycling of wind turbine blades in wind farm repowering projects. Spain is a leading country in wind energy production, fifth in the world in the ranking of countries with the highest installed wind power capacity and second in Europe. According to the Spanish Wind Energy Association (AEE), Spain has 1,345 wind farms with more than 22,000 wind turbines and an installed capacity of 30,000 MW, producing 61,176 GWh of energy in 2023, which covers 27.1% of the country's energy demand. In fact, the wind energy sector contributes more than €3 billion to the Spanish GDP and employs more than 30,000 people. In order to continue to maintain its leadership in wind energy, Spain needs to modernise its wind farms, as they need to be modernised, both because of their age (more than 36% of wind turbines are more than 15 years old) and because of their efficiency and contribution to sustainability. The repowering of a wind farm consists of replacing old, less powerful and less efficient equipment with new machines of greater capacity and performance, enabling the use of wind resources to be increased. To encourage this renewal process, and given that Spain aims, according to the recent draft of the National Integrated Energy and Climate Plan (PNIEC), to cover 81% of energy demand with renewable sources by 2030, the Ministry for Ecological Transition and the Demographic Challenge launched in December a €223 million call for proposals for the repowering of wind farms. One of the consequences of the repowering projects that will be addressed is the need to provide a sustainable solution for the blades of the wind turbines that have been replaced, as there are more than 66,000 blades installed in Spain. These elements are made of polyester reinforced with fibreglass or carbon fibre, materials that can be used in a recovery process in the event that a blade has not been able to find a second useful life. ENERGYLOOP was created in response to the recovery of wind turbine blade components and their reuse in sectors such as energy, aerospace, automotive, textile, chemical and construction. Its activity will begin with the start-up of production in 2024 in the Navarre municipality of Cortes of an innovative blade recycling plant that will require an investment of close to €10 million. The logic of this activity explains the collaboration agreement with a company such as SURUS, a specialist in the circular dismantling of industrial facilities and which has extensive experience in the repowering of wind farms. Under the agreement, SURUS will provide a flow of elements from those projects where it executes its circular dismantling solution, and will offer ENERGYLOOP for recycling those blades that have not been marketed for reuse. In the words of Luis Sanz, ENERGYLOOP's managing director, "this collaboration with SURUS, which has a wealth of knowledge, will undoubtedly strengthen ENERGYLOOP's activity and provide a strong boost to the circular economy, improving the necessary competitiveness and sustainability". According to Adolfo Cancelo, managing partner of SURUS, "this agreement allows us to continue contributing our knowledge and experience in the market as an important player in the current wind repowering value chain together with a consortium of the calibre of ENERGYLOOP, all within the framework of our commitment to sustainability and the circular economy". About ENERGYLOOP ENERGYLOOP is the company owned by Iberdrola, through its PERSEO programme , and FCC Ámbito, a subsidiary of FCC Servicios Medio Ambiente, which has the support of Siemens Gamesa Renewable Energies and whose purpose is to lead the recycling of components from renewable facilities, one of the greatest medium and long-term challenges in the sector. The initial objective is the recovery of wind turbine blade components and their reuse in sectors such as energy, aerospace, automotive, textile, chemical and construction. ENERGYLOOP contributes to the transformation of the wind energy sector into a truly circular economy by investing in integrated blade recycling solutions. This initiative will also improve its competitiveness and sustainability thanks to the research and implementation of new recycling technologies that will make it possible to absorb the increasing amounts of waste and adopt increasingly efficient solutions. About SURUS SURUS is the leading Spanish company in providing value to society, companies and Public Administrations through the execution of projects related to sustainability and the circular economy. Since 2010 we have been developing turnkey consultancy, dismantling and reemployment projects, dealing with the dismantling of any type of facility with the aim of prioritising the reuse of the resulting assets, maximising recycling and reducing the amount of waste generated. These assets are marketed via auction on our web portal Escrapalia, where we have a large base of hundreds of thousands of customers potentially interested in acquiring them. www.surusin.com. READ MORE
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13/07/2023Iberdrola Deutschland’s first turnkey PV system for on-site consumption enters operation at AkzoNobel Berlin, 13 July 2023 – Iberdrola Deutschland has successfully completed its first turnkey PV project. The installation of a turnkey rooftop system for on-site consumption at AkzoNobel Powder Coatings GmbH in Reutlingen allows green electricity to be used directly on site. It represents one of the modules that the energy company is providing to its customers on the way to transformation to “NetZero”. “We aspire to drive the energy transition in Germany and support companies in reducing their emissions with our tailored supply solutions,” adds Sven Wolf, Managing Director of Customer Solutions at Iberdrola Deutschland: “Here, the ambitious development of PV solutions in Germany plays a central role. The fact that we have implemented this project in a comparatively short time shows the growth potential we have in the field of photovoltaics.” Peter Gebhardt, site manager of AkzoNobel in Reutlingen, explains: “AkzoNobel has clearly defined sustainability goals as part of our business philosophy People. Planet. Paint. These include reducing carbon emissions by 50%, using 100% renewable electricity and eliminating non-recyclable waste by 2030. The fact that we now generate our own electricity in Reutlingen is an important step towards achieving these goals.” International approach facilitates fast project times Through the cooperation of teams from Spain and Germany, using the expertise of the globally active Iberdrola Group, the project was realized within around ten months in a challenging market environment. During the installation phase, production at AkzoNobel Powder Coatings GmbH could be maintained without interruptions. The PV system will generate close to 200,000 kWh of green electricity per year, covering just over 4 percent of AkzoNobel's energy consumption. Annually, this will save around 125 tons of CO2 emissions. The system was installed in collaboration with the Spanish company Greening S.L. Only high-quality components with the best warranty conditions available on the market were used. Iberdrola Deutschland - An integrated business model The Onsite Solar subdivision is an important module in the integrated growth strategy that Iberdrola is pursuing in the German core market. In the area of sustainable energy solutions, the company aims to collaborate with key players in the German economy to help them achieve their climate targets with market-based decarbonization solutions. In Germany, Iberdrola has brought all its business activities under the wholly owned subsidiary, Iberdrola Deutschland. The company, headquartered in Berlin, is the largest operator of offshore wind farms in the German Baltic Sea. With its Offshore and Onshore business divisions, Iberdrola Deutschland is active in the planning, construction and operation of offshore and onshore wind farms as well as photovoltaic projects. The company offers its industrial and commercial customers tailor-made solutions for the supply of green energy, ranging from the classic supply of electricity including portfolio management services, to long-term PPA contracts linked to Iberdrola's own renewable energy plants, to PV solutions for on-site self-consumption. Iberdrola Deutschland also provides cross- technology integrated solutions, such as battery storage or green hydrogen production for industrial use. About AkzoNobel AkzoNobel delivers sustainable and innovative paints, coatings and inks that their customers, our society - and the environment - increasingly rely on. AkzoNobel’s world-class portfolio of brands - including Dulux, International, Sikkens and Interpon - is trusted by customers around the world. The company operates in more than 150 countries and aims to become the global industry leader. The forward-looking paint and coatings company sets science-based goals for itself and takes concrete action to address globally relevant challenges and to sustainably support future generations. For more information, visit www.akzonobel.com. About Iberdrola Iberdrola , Europe’s largest electricity utility by market capitalization and one of the world's top three electricity companies, is a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others. The company has a workforce of over 40,600 and assets in excess of €154.6 billion. In 2022, Iberdrola posted revenues of nearly €54 billion, net profit of €4.34 billion, with €7.5 billion paid in tax contributions in the countries where it operates. The company helps to support more than 400,000 jobs in communities across its supply chain, and global supplier purchases topped €17.8 billion in 2022. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles. 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11/07/2023Iberdrola and Vodafone sign European solar power purchase agreements to deliver clean energy for Vodafone customers in Germany, Portugal and Spain Iberdrola , one of the world’s largest renewable energy companies, and Vodafone , the largest pan-European and African telecoms company, have signed new clean energy power purchase agreements (PPA) in Spain and Portugal, adding to a recent agreement in Germany. The companies have also pledged to work together to look for new PPA opportunities and sustainability initiatives in Europe. In total the PPAs will see Iberdrola provide Vodafone with 410 gigawatt-hours (GWh) of clean, renewable photovoltaic (PV) solar energy per year in the three countries, helping to accelerate Vodafone’s net-zero journey whilst increasing its energy security. The renewable energy from the three solar plants is comparable to the annual electricity demands of approximately 117,000 homes . * For Vodafone Portugal, the PPA will provide the energy from the newly built Velilla solar PV plant located in Palencia, Spain. * A further PPA agreement for Vodafone Spain will deliver 280 GWh per year from the newly constructed Cedillo PV plant located in Cáceres, Spain. * For Vodafone Germany, a PPA was agreed last week to supply the full energy produced from the Boldekow PV plant, Iberdrola’s first solar project to be developed in the country. The plant will have a total capacity of 56 MWp and will be built in the state of Mecklenburg-Western Pomerania. It will be fully operational by 2024. Additionally, in line with the aims of both companies to further reduce their carbon footprint and engage in the energy transition , Iberdrola has installed more than 140 electric vehicle charging points in the main facilities operated by Vodafone in Spain, as well as providing a service to manage and optimize their operation. Aitor Moso, Global Clients Director of Iberdrola, said: “Iberdrola and Vodafone are both committed to connecting customers and communities to a cleaner and smarter future. As a global developer of clean energy, we have the projects around the world that allow us to support multinational companies like Vodafone who are committed to sustainability right across their business operations. Agreements with progressive businesses like Vodafone are increasingly important in allowing new renewables projects to be built, and we now look forward to accelerating the delivery of these solar PV plants.” Joakim Reiter, Vodafone Group Chief External & Corporate Affairs Officer, said: “These agreements across Europe underline Vodafone’s commitment to ensure our customers will continue to benefit from electricity purchased 100% from renewable sources. They also provide Vodafone with improved energy security and long-term price certainty as we work towards achieving net-zero in our operations by 2030.” “To meet the agreed net zero targets in line with the Paris Agreement, the world faces the daunting task of ensuring the almost 90% of our future electricity needs globally are generated from non-carbon and renewable sources. Today’s announcement is a great example of how telecoms operators like Vodafone can help accelerate this essential transition of countries’ energy mix by becoming anchor tenants for new renewable power deployments.” Securing an off taker for the clean electricity production allows Iberdrola to fast forward construction and commissioning of the projects. This relationship reinforces Iberdrola’s strategy to enter into bilateral agreements that promote the supply of power at competitive and stable prices to large customers who are committed to clean and sustainable consumption. The two companies will also discuss the possibility of additional PPAs to help with Vodafone’s ambitious climate plans in Europe, as well as considering a range of other sustainability projects to decarbonize its operations and meet its environmental goals that could be delivered in the future. READ MORE
