Noticias
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03/12/2024 - 15:43 UTC +01:00West of Duddon Sands offshore wind farm celebrates a decade of clean energy generation Iberdrola, through its UK subsidiary ScottishPower Renewables, is celebrating a decade of experience in offshore wind energy on the 10th anniversary of the commissioning of the West of Duddon Sands offshore wind farm. The 389 MW plant was commissioned in 2014 with 108 wind turbines in the Irish Sea, some 14 kilometres off the coast of Cumbria. Over the past ten years it has produced enough renewable energy to power the equivalent of around 340,000 homes a year. The project involved an investment of more than £1 B and generated 1,000 jobs at the peak of construction. You can read the full article at the ScottishPower Renewables' Communications Room . READ MORE
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27/11/2024Iberdrola recognises the best initiatives for environmental, agricultural and social coexistence with clean energies Iberdrola has awarded today in the Palencia town of Paredes de Nava the best initiatives of environmental, agricultural and social coexistence with clean energy, highlighting eight projects that exemplify the advantages of the energy transition for the rural world and its positive impact on job creation and development. The Chairman of Iberdrola, Ignacio Galán, highlighted the benefits of green energy for rural areas. "Today we recognise courageous commitments to the energy transition . We advocate boosting industry, employment and the future to create a fairer, more fraternal and sustainable society". "Iberdrola has a spirit of service that guides, from the outset, all the projects we undertake, from the largest to the smallest. We know that harmony with local administrations and the communities in which we are present is essential to achieve more objectives and to make this energy transition more tangible and fair", added the chairman of the electricity company. In this second edition of the Convive Awards, Iberdrola has recognised, in collaboration with the Centre for Innovation in Technology for Human Development of the Polytechnic University of Madrid (itdUPM), the following companies: * In the category of Innovative Solutions and Research: Spanish Network for Sustainable Development (REDS-SDSN) and Ocean Ecoestructures. * In Social and business entrepreneurship: Técnicas e Instalaciones Eléctricas Salamanca (Tecinsa). * In Communication and Awareness: Prensa Ibérica * In the Youth category: Patricia Rebollo, shepherdess at the photovoltaic plant in Ceclavín in the province of Cáceres. * In the Local Entities and Citizen Participation category: Paredes de Nava Town Council (Palencia) and La Serna Town Council (Palencia). * Finally, the Special Biodiversity Award went to the Biodiversity and Global Change Research Centre of the Autonomous University of Madrid (CIBC-UAM). The event was also attended by the President of the Regional Government of Castilla y León, Alfonso Fernández Mañueco; the Mayor of Paredes de Nava, Luis Antonio Calderón; the President of the Provincial Council of Palencia, Ángeles Armisén; the CEO of Iberdrola España, Mario Ruiz-Tagle, and the Minister of Economy of the Regional Government of Castilla y León, Carlos Fernández Carriedo, among other authorities. An independent jury formed by Carlos Mataix, director of the Centre for Technological Innovation for Human Development (itdUPM); María García de la Fuente, president of the Association of Environmental Information Journalists (APIA); José Carlos Díez, director of the Responsible Renewables Chair at the University of Alcalá; Víctor Viñuales, executive director of the Ecology and Development Foundation (ECODES); Elena Pita, director of the Biodiversity Foundation; Ana Barreira, director of the International Institute of Law and Environment (IIDMA) and Juan José Álvarez, secretary of ASAJA, was responsible for choosing the winners, who will become part of the repository of winners, receiving special recognition and other elements of visibility for their project. Living in harmony with the environment Iberdrola's Convive Programme was created with the aim of facilitating the acceleration of the development of clean energy in Spain, improving its contribution to the territories, society, biodiversity and the rural world. This initiative has two objectives: on the one hand, to promote continuous improvement and best available practices in the integration of renewables , electricity grids and energy storage in the environment, and on the other hand, to contribute positively to local development and biodiversity conservation through collaboration and partnerships. These actions help to establish long-term relationships with the environment, maximising the positive impact of each Iberdrola project and contributing to mutual understanding by working hand in hand with the public, institutions, government and the third sector at all times. This programme is structured around three lines of action: 1. Contribute to socio-economic development: Initiatives that enable projects to contribute to economic and social development at local as well as national level. 2. Protect and enhance biodiversity: Actions that contribute to the integration of facilities into the territory and landscape by improving their contribution to biodiversity and their environmental impact. 3. Learning from experts: Improving the impact and social acceptance of the energy transition through collaboration with third parties. Some examples of these initiatives are the integration of livestock and agricultural activities around the facilities, the development of beekeeping activities and new developments in agrovoltaics; support for local suppliers; the creation of energy communities and help for municipalities to implement development plans; participation in alliances to define best practices in projects or the generation of new industrial activity and innovation. READ MORE
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26/11/2024 - 16:40 UTC +01:00Iberdrola appoints 19 companies as preferred partners in its Grids contracts in the UK Iberdrola, through its UK network company ScottishPower Energy Networks, has presented the 19 companies it has selected as preferred partners for its €6.49 B contract program, investments that will help modernise the UK's electricity grid in response to growing demand and will help the country's economy grow. The programme, which represents the biggest overhaul of the UK's electricity network since its inception, will focus on installing new overhead lines and upgrading substantions. upgrading substations. The initiative is expected not only to improve energy transmission capacity, but also to create 1,000 new direct jobs and tens of thousands more in the supply chain . Of the 19 companies selected, 17 are based in the UK and Ireland, underscoring SP Energy Networks' commitment to developing local supply chains. You can read the full story in the ScottishPower Newsroom . READ MORE
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25/11/2024 - 17:50 UTC +01:00Iberdrola presents its 2024 Supplier of the Year Awards in Mexico Iberdrola, through its subsidiary in Mexico, Iberdrola México , has recognised a total of eight strategic allies at the fourth edition of its Supplier of the Year Awards, rewarding those who have contributed most to the Group's growth project in the country. With this recognition, our company in Mexico reaffirms its commitment to strengthening Mexican industry and the energy and sustainable development of the states in which it operates. * Digitalisation & Innovation Award: Power Cost Inc Energy Solutions * Health & Safety Award: Christus Mugerza Sistemas Hospitalarios * Sustainability Award: Huella Sustentable * Works and/or Services Projects Award: Motrek * O&M Works & Services Award: Nalco Water * Diversity, Equality & Inclusion Award: Universidad Anáhuac * Energy Transition Award: Asistencia Total en Mantenimiento * 25 Years Award: Amara Nzero Iberdrola Mexico has more than 6,500 registered suppliers, more than 90% of which are Mexican. In 2023, the energy company made purchases worth more than $185 M, 73% from local companies, a percentage that rose to 84% in 2024. Iberdrola Mexico has made purchases of more than $6 B in its 25-year history. You can read the full story in the Iberdrola Mexico Communication Room . READ MORE
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25/11/2024 - 12:54 UTC +01:00Towards Net Zero: Iberdrola and Gres Panaria Portugal sign a solar PPA Iberdrola and Gres Panaria Portugal, the leading Portuguese ceramics company, owner of the Margres, Love Tiles and Gresart brands, signed a Power Purchase Agreement (PPA) to begin in 2025 that will guarantee the supply of photovoltaic solar energy for the next 10 years. It will provide a total of 92 GWh of clean energy during the term of the contract, allowing Gres Panaria to reduce its carbon footprint and advance its commitment to sustainable practices, essential in a sector with a growing environmental responsibility. It will also ensure energy supply stability for the long term. "We are active agents in the decarbonization of industry. It is part of our corporate goals. This PPA with Gres Panaria Portugal reflects our commitment to sustainable development and the promotion of renewable energy, especially in a prominent sector for Portugal such as ceramics,” says Rui Afonso, Managing Director of Iberdrola Clientes Portugal. In addition to the environmental benefits, the PPA allows Gres Panaria Portugal to mitigate the risks and effects of the volatility of the energy markets, ensuring greater stability both in the cost of electricity and in the production and service to customers. Marco Mussini, chairman of the board of directors of Gres Panaria Portugal , says "this agreement goes beyond the energy issue. Sustainability has been a fundamental guideline in the elaboration of the company's strategy. This agreement reinforces our mission to produce sustainably, maintaining the highest quality standards, and at the same time reducing the environmental impact of our operation, through the redesign and optimization of industrial processes and products, of our brands, that are more sustainable and properly integrated into the green economy in Portugal." By using a photovoltaic solar energy source, Gres Panaria Portugal not only strengthens its competitiveness, but also contributes directly to the growth of the green economy in Portugal. The partnership for the supply of renewable energy benefits the company, while supporting national and European climate goals, placing Portugal at the forefront of the energy transition. About Iberdrola Iberdrola is a global leader in renewable energy and one of the largest electricity companies in the world. In Portugal since 2003, it has been increasing its renewable energy production portfolio and offers green energy, solar energy and electric mobility solutions in the business and residential sectors. As one of the main promoters of renewable energy in Portugal, Iberdrola has a diverse ecosystem of Wind Farms, Photovoltaic Farms and the largest renewable energy initiative in Portugal - the Tâmega Electroproduction System (SET). Composed of three Power Plants - Alto Tâmega, Gouvães and Daivões -, SET has an investment of more than 1,600 M€ and a total installed capacity of 1,158 MW, which will avoid the emission of 1.2 million tons of CO2 per year and will facilitate the integration of other renewable energy technologies. In the solar capacity auction held in 2019, Iberdrola was the largest contractor in terms of number of lots with a total of 7 photovoltaic projects, four of which are already in operation: the Alcochete I and II, Conde and Algeruz photovoltaic plants. After avoiding the emission of 26.7 million tonnes of CO2 in 2023, Iberdrola obtained, in 2024, the highest rating ("Green") by the Fitch Sustainable agency - the highest in green transition. About Gres Panaria Gres Panaria Portugal S.A. was established in 2006 when the second industrial unit of Panariagroup in Portugal was acquired. In 2002 Panariagroup acquired the 1st industrial unit in Portugal located in Ílhavo, producing ceramic material for the Maronagres brand, currently called Margres Ceramic Tiles. Subsequently, in 2005, it acquired the second industrial unit, located in Aveiro, producer of ceramic material for the Novagres brand, which in 2008 was renamed Love Ceramic Tiles. In 2023, Gres Panaria Portugal acquired Gresart S.A. as part of its growth and diversification plan. Gresart Cerâmica Industrial, S.A. was founded in 1981 and is headquartered in Oliveira do Bairro. Currently, Gres Panaria Portugal's three industrial units have an installed capacity of 10 million m2/year. Gres Panaria Portugal S.A. employs more than 600 employees in Portugal. In addition to the production and administrative areas, the brands also have their own showrooms in Aveiro, Oliveira do Bairro and Lisbon. READ MORE
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22/11/2024Iberdrola obtains authorisation from the UK regulator for the Eastern Green Link 1 project Iberdrola, through its UK network subsidiary ScottishPower Energy Networks , has obtained approval from the UK regulator for the installation of a submarine cable linking Scotland and England. Eastern Green Link 1 , which ScottishPower will build in consortium with National Grid Electricity, will involve an investment of 3 billion euros and will enable the transmission of enough clean electricity to supply 2 million homes in the United Kingdom. You can read the full story in the ScottishPower Newsroom. READ MORE
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22/11/2024 - 11:10 UTC +01:00Iberdrola invests in start-up RTS to develop innovative materials for offshore wind and energy renovations Iberdrola, through its start-up programme Perseo , has invested in the start-up Revestimientos Técnicos Sostenibles (RTS) to promote its innovative solutions related to manufacturing insulation and anti-corrosion coatings, which have a direct use on offshore wind structures and in the energy renovation of buildings. This investment comes after the utility has spent more than three years collaborating with RTS in the development of solutions based on cork, hollow ceramic microspheres and aerogel, a technological breakthrough to protect wind structures and the transformation rooms of offshore substations. Iberdrola aims to include this material in the construction and maintenance of offshore wind farms , as it improves quality and brings with it significant savings. These products can also be used in building energy renovation projects. RTS is an Andalusian company founded in 2015 that has become a benchmark in thermal insulation manufacturing. The company is currently in the process of developing and approving products applicable to Iberdrola's offshore wind and Smart Clima businesses. The firm based in Utrera, Seville joins the Perseo portfolio, Iberdrola's start-up programme, which has invested more than €200 M in companies since its creation in 2008 that develop innovative technologies and business models, focusing on those that improve the sustainability of the energy industry through greater electrification and decarbonisation of the economy . The programme focuses on technological collaboration with start-ups and emerging companies around the world, as well as on launching new innovative businesses in the power industry. Another step in leadership The entry into RTS is a further step towards consolidating Iberdrola's leadership in renewables. Iberdrola is the world's leading electricity company in terms of wind power capacity, with some 23,000 MW installed worldwide. Onshore wind power accounts for approximately 21,000 MW, 37% of the company's total capacity, and its generation amounted to 33,000 GWh in the first nine months of the year, more than half of its total renewable production, which stood at 63,300 GWh. Offshore wind power is also one of the major growth drivers of Europe's largest electricity company in terms of stock market value, increasing by 47.5% in the last 12 months to almost 2,400 MW of capacity, thanks to its new wind farms in France and Germany. READ MORE
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21/11/2024Iberdrola places €800 million hybrid green bond Iberdrola has placed an €800 million hybrid green bond in the Euromarket today, as reported to the National Securities Market Commission (CNMV). The bond issued is perpetual but has a par call option in August 2030. The coupon has been set at 4.25%, making it Iberdrola’s most competitive hybrid operation in the last 3 years. Demand reached more than €3 billion, 3.75 times oversubscribed, and consists of more than 200 international investors, mainly from Europe and the United Kingdom. Supported by strong demand, the coupon obtained is competitive with a new issuance premium close to zero despite a market environment influenced by geopolitical instability. The demand and the coupon show investors’ confidence in Iberdrola’s financial strength, business outlook and growth ambition. The proceeds will be used to refinance the renewable assets allocated to the 2019 hybrid that is being replaced. The call back will take place soon, thus keeping the company's hybrids stack stable at 8.25 billion euros. The company has taken advantage of the improvement in both interest rates and credit spreads. Iberdrola's flexibility to refinance this transaction has contributed to its success. The hybrid bonds count as 50% capital, in accordance with the methodology of the main rating agencies, so this operation contributes to maintaining the group's credit ratings. The last issuance of this type of debt by Iberdrola dated from January 2023 with a coupon of 4.87%. Nine top-tier international banks have participated in the placement: BNP, Unicredit, JP Morgan, HSBC, Bank of America, Santander, Natixis, SMBC and Commerzbank, which have facilitated access to investors. Investor Confidence Investor confidence in Iberdrola remains strong. The operation today represents Iberdrola’s eighth public operation in the market so far in 2024, which have raised a total of 6.6 billion euros. The other transactions include: * A €700 million hybrid bond was issued in January. * A bond valued at 335 million Swiss francs was issued in June. * A €750 million senior bond was issued in July. * In August Iberdrola placed 525 million dollars (490 million euros) through the US subsidiary. * On September 23, Iberdorla placed 2.15 billion euros in the largest issuance of senior debt in its history. * Just last month the company closed its first green bond in Sterling for 15 years totalling 500 million (595 million euros) with strong support from investors. * Earlier this week Iberdrola issued green debt for 750 million Australian dollars (about 460 million euros). Investor demand exceeded the amount offered by 2.8 times. Iberdrola has carried out four operations in euros this year and is the only European utility to have carried out operations during 2024 in the Swiss (June), British (October) and Australian (November) markets. It also made a private placement in Norwegian kroner in September. READ MORE
