Noticias
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05/11/2024 - 15:00 UTC +01:00The offshore wind projects won by Iberdrola this summer will mean €3B in purchases from Basque companies Ignacio Galán , Executive Chairman of Iberdrola, today held his first meeting with the Lehendakari, President of the Basque Government, Imanol Pradales, in Vitoria-Gasteiz. The meeting, at the headquarters of the Basque Government (Lehendakaritza), is part of the regular meetings between the Executive Chairman of the company and the authorities of the Basque institutions. The Executive Chairman of Iberdrola has conveyed to the Lehendakari the company's firm commitment to the Basque Country. This is reflected in the recent orders that Iberdrola has placed with Basque suppliers to carry out the offshore wind projects it recently won in the United Kingdom and the United States, which will involve a combined investment of more than €10 B. This is the case of its East Anglia 2 project, which will have a capacity of 963 MW, and for which orders worth €1.6 B have been placed with companies such as Siemens Gamesa and Euskal Forging. It also has a new offshore development in the United States, New England Wind 1, with a capacity of 791 MW, and it is in very advanced negotiations to place orders for an additional €1.5 B with Basque companies. These collaborations reflect Iberdrola's long-standing ties with the Basque Country, where it has spent decades promoting the revitalisation of industry and the improvement of the competitiveness of its business fabric, as well as the creation of quality jobs in cutting-edge industries. Iberdrola's global growth has become a driving force for the internationalisation of hundreds of Basque companies, which have been demonstrating for years their ability to provide the highest quality, highly competitive products and services all over the world. Supply contracts linked to the energy transition are especially noteworthy, such as the flanges for the foundations of the company's offshore wind farms, manufactured by Euskal Forging, the AC integration system for the energy storage systems with batteries for six photovoltaic plants (Almaraz I, Almaraz II, Andévalo, Revilla Vallejera), to be supplied by Jema Energy and Ingeteam, and the stators for Villarino, by Ingeteam Indar Machines. In 2023, Iberdrola once again surpassed its record for its socio-economic contribution to the Basque Country, with an impact of 3.7% of the Basque GDP in the year in terms of investments, purchases, salaries and tax contributions. The purchases made by the company in 2023 from 500 suppliers in the Basque Country, including companies such as Haizea Wind, Ingeteam, Ormazabal, Arteche, EDS Ingeniería y Montajes, Lizelan, Boslan, and Idom, already support a total of 30,000 jobs – in addition to its own 1,800 jobs – according to a report by PriceWaterhouseCoopers. READ MORE
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05/11/2024 - 09:00 UTC +01:00Iberdrola recognised as Company of the Year at the Ponce de León Awards 2024 Iberdrola, and its US subsidiary, Avangrid, have been awarded by the Spain-US Chamber of Commerce in Florida with 2024 Ponce de León Awards for "Company of the Year", recognizing their exceptional contributions to energy innovation. “We are very proud of this recognition. For more than two decades, Iberdrola has been implementing -in the US and around the world- a secure, competitive and sustainable energy model based on electrification. Our investments in renewables, networks and storage have led to total assets of around $50 billion in the US. This is delivering value for shareholders, employees, suppliers and the communities we serve through more activity, industry and jobs, cutting-edge innovation and lower emissions. As we enter the age of electricity, the US will consolidate itself as a key growth area for Iberdrola, with investments of up to $30 billion to 2030 to increase interconnections across states, introduce 21st century AI and digital grid technologies for the 10 million Americans we serve and build some of the US first large-scale offshore wind farms. Our commitment to the American people is stronger than ever.” Ignacio Sanchez Galán Executive Chairman of Iberdrola READ MORE
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04/11/2024 - 09:00 UTC +01:00Avangrid completes installation of 105,000 solar modules for its first PV plant in California Through its US subsidiary Avangrid Iberdrola has completed installation of solar modules at its Camino Solar project in California, the first of its kind in the Golden State. The company has installed approximately 105,000 solar modules over the last four months. Camino will have a capacity of 57 MWdc (44 MWac) and is expected to generate the same amount of energy consumed by approximately 14,000 US homes. Around 100 jobs were created during construction, almost all of them filled locally, and the project is expected to generate around 14.3 million euros ($15 million) in state and local taxes over its lifetime. Once completed, Camino will become Avangrid's tenth solar project and the first in California. You can read the full story at the Avangrid Newsroom . READ MORE
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02/11/2024All of Iberdrola's teams coming together to get the power back on in eastern Spain after severe flooding in Valencia Iberdrola's distribution company in Spain, i-DE, has mobilised around 500 people from both the Valencian Community and other regions of the country since the start of the storm, including its own staff and contractors, to repair affected installations . The operators are moving from location to location to restore service according to the conditions of access and facilities. The generation business has also been working in a coordinated manner since the beginning of the storm to guarantee electricity supply and thus avoid further outages in specific areas, or a more generalised power outage. Iberdrola continues to be in permanent contact with the public administrations (at the state, regional and local levels) to report on the situation and its progress. Incident status can be found on the i-DE Outage Map . READ MORE
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31/10/2024Iberdrola secures two areas for offshore wind development in the Gulf of Maine Iberdrola, through its US company Avangrid , has been awarded two lease sites for floating offshore wind development in the waters of the Gulf of Maine, in the auction held by the US Bureau of Ocean Energy Management (BOEM). The two lease areas have a potential of 3,000 MW to help meet the energy needs of the New England region and advance the US government's goal of 30,000 MW of offshore wind energy by 2030. You can read the full story in the Avangrid Newsroom . READ MORE
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31/10/2024 - 09:00 UTC +01:00Iberdrola and Norges Bank Investment Management incorporate the first 50 MW of solar photovoltaic into their alliance Iberdrola and Norway's sovereign wealth fund, managed by Norges Bank Investment Management, has incorporated the first 50 MW (megawatts) of solar PV to their €2 billion renewable energy investment alliance.The Peñarrubia solar PV plant is located Murcia, with a total capacity of 50 MW. This new plant reinforces the strategic alliance of more than €2 billion of co-investment in Spain and Portugal. Including Peñarrubia, the operational capacity in the joint venture now reaches nearly 200MW. Other assets currently at an advanced stage of construction are expected to be added to the joint venture in the short term. Norges Bank Investment Management and Iberdrola are preferred partners, and have been working together since 2023 to accelerate decarbonisation in Iberia, an alliance that could be extended to additional markets in the future. Iberdrola has a majority stake of 51% in the assets. The total 2,500 MW renewables portfolio being delivered by the alliance will have the capacity to supply energy to more than 400,000 homes each year, avoiding the emission of 350,000 tons of CO2 per year. The Peñarrubia project, located between Yecla and Jumilla, already produces clean energy to supply more than 25,000 homes a year and contributes to avoiding the emission of 15,000 tons of CO2. The perfect partner to co-invest Norges Bank Investment Management, which manages Norway's sovereign wealth fund, has assets under management of around €1.4 trillion and stakes in more than 9,000 companies. It owns on average 1.4% of all listed companies in the world and 2.5% of all listed companies in Europe. As one of Iberdrola's main shareholders, Norges Bank Investment Management has retained a stake of 3% for more than seven years. This long-term relationship helped Norges Bank Investment Management take the decision to make its first direct investment in renewable assets in Spain with Iberdrola, the largest European electricity company by capitalisation. The strong alliance, between two preferred partners, could be extended in the future to include additional renewable energy opportunities in more countries. Partnerships for growth In recent months, Iberdrola has closed several long-term alliances to promote the decarbonisation of the economy: * Last week Iberdrola closed the purchase of the British company ENW to continue expanding in this region. * BP and Iberdrola have formed a 50/50 joint venture to develop a 25 MW green hydrogen project, the largest plant in Spain. The final investment decision was announced in September. * In January 2023, Iberdrola signed a 1,265 MW renewables alliance in Spain with Norges Bank Investment Management, which was extended last January and April to 2,500 MW. * In December, Iberdrola closed an agreement with Masdar to co-invest €15 billion in offshore wind and green hydrogen in Germany, the United Kingdom and the US, following the successful investment agreement announced in July to co-invest in the Baltic Eagle offshore wind farm. * In September 2023, Iberdrola partnered with GIC for the expansion of transmission networks in Brazil for 430 million euros. * The company has sold more than 8,400 MW of gas-fired combined cycle plants in Mexico for $6.2 billion. * Iberdrola and BP also signed a strategic alliance in March to deploy 11,700 fast charging points in Spain and Portugal, and launched their joint venture on 1 December * Iberdrola and MAPFRE have continued to advance their strategic alliance by incorporating 150 new MW through a joint venture, which already has 450 MW. * 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. READ MORE
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30/10/2024 - 17:01 UTC +01:00Avangrid presents its Supplier of the Year 2024 awards in the USA Iberdrola, through its US company Avangrid , has presented its Avangrid Suppliers 2024 Awards at its headquarters in Connecticut, under the theme "Delivering the Future of Energy through Powerful Partnerships". The awards recognise suppliers who have made significant contributions to Avangrid, highlighting their essential role in generating jobs, wealth and the transition to more sustainable energy. Avangrid recognised six suppliers in the following categories: * Supplier of the Year: Mortenson * Health and Safety: Irby Utilities * Excellence in emergencies or storms: Northline Utilities * Diversity: TransAmerican Power Poles (TAPP) * Sustainability: Ferguson Electric * Innovation: ICF You can read the full story in the Avangrid Newsroom . READ MORE
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29/10/2024 - 15:00 UTC +01:00Ignacio Galán, recognised as one of the "100 Latinos Most Committed to Climate Action" The Executive Chairman of Iberdrola, Ignacio Galán , was recognised for the third consecutive year as one of the "100 Latinos Most Committed to Climate Action". The ranking, compiled by the US-based environmental organisation Sachamama in collaboration with the EFE news agency, highlights outstanding public figures for their role in taking on the climate crisis and promoting sustainability . The organisation has highlighted Galán's commitment at the head of the Iberdrola Group: "Throughout his career he has led companies in various industrial and technological sectors, profoundly changing the profile of all of them based on his vision of the future and his ability to anticipate new trends. Since he arrived at Iberdrola, his focus on international expansion and his commitment to electrification as an essential factor in reducing emissions have led the company to invest more than €140 B in renewable energies, smart grids, energy storage, and new vectors such as green hydrogen. His strong commitment to environmental protection and social responsibility has made the company a benchmark in the main main sustainability indexes. The election of these climate leaders is the result of a nomination process carried out by more than 20 social and environmental organisations, including the Nature Conservancy, WWF, Sea Legacy and Amazon Watch. READ MORE
