News
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04/03/2025 - 15:05 UTC +01:00Iberdrola explores electrification of offshore wind operations in the UK Electrifying offshore operations is a highly feasible, viable and interesting scenario technically and economically. Offshore wind farms could be served by battery-powered vessels recharged by the turbines of the offshore installations themselves according to a study conducted by ScottishPower Renewables (SPR) and Maersk's Stillstrom. The report is the first in a series of three commissioned by ScottishPower Renewables to explore the electrification of offshore operations with clean technologies and a great example of team work between developers and the supply chain. The paper analyses the feasibility and benefits of using battery-powered service vessels (E-SOVs) in offshore wind farm operations. Vessels dedicated to these maintenance tasks often remain at sea for extended periods of time. You can read the full article at the ScottishPower Renewables' Press Room . READ MORE
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03/03/2025 - 16:01 UTC +01:00Iberdrola to supply green electricity to Italian distribution giant Pam Panorama Iberdrola and Pam Panorama, a historic Italian hypermarket and supermarket company, have signed a power purchase agreement (PPA) for a total of 1,000 GWh. The agreement means that the Italian company will receive energy from photovoltaic sources for its Pam, Panorama, Pam local and Pam City outlets in Italy. This partnership improves competitiveness and accelerates electrification , reducing annual CO2 emissions by more than 38,300 tonnes, equal to the needs of 40,300 households. By 2025, Iberdrola will have an installed capacity of around 400 MW in Italy thanks to the imminent inauguration of its third plant in operation and the completion of construction of four additional PV projects. For the second consecutive year, Iberdrola has been confirmed as the leader in the European PPA market according to the Pexapark Renewables Market Outlook 2025 report, with 1,251 MW contracted (38% more than in 2023). Iberdrola España has announced 15 deals in Europe, with major companies such as Amazon, with which it has signed wind and photovoltaic PPAs in Spain, Portugal and the UK for the East Anglia Three offshore wind farm, and with Italian companies such as BTicino, Acciaierie Venete, Prima Sole Components and Bayer for a total of around 50 MW. Europe's leading electricity company in terms of stock market value has also strengthened partnerships with major companies like Microsoft, Meta, Salzgitter, Mercedes-Benz and Vodafone, confirming the PPA as a key tool for industrial electrification, as it guarantees renewable energy at a fixed and stable price over the long term. READ MORE
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28/02/2025 - 13:38 UTC +01:00Iberdrola nears 10,500 MW installed in the United States Iberdrola, through its US company Avangrid, has an installed capacity of nearly 10,500 MW. The company has assets in 24 states and is capable of supplying approximately 3.1 million average households in the US. Avangrid's assets not only power American consumers but also provide key economic benefits to communities, supporting more than 500 permanent jobs and paying more than $50 million in property taxes in 2024. Avangrid recently announced its partnership with several large tech companies on eight projects underway to power data centres, with more projects under construction to meet growing energy demand. The company's total installed capacity will continue to grow with approximately 27 GW of new generation in its project pipeline. You can read the full story at the Avangrid Newsroom . READ MORE
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27/02/2025 - 08:21 UTC +01:00Record investment of €17 billion boosts Iberdrola’s net profit to €5.612 billion, up 17% Accelerating growth * Net profit of €5.612 billion (+17%). EBITDA of €16.848 billion (+17%). * In line with company policy, almost all of the capital gains from divestments (€1.1 billion) allocated to measures to improve efficiency and future performance. Record investments of €17 billion, up 50% * Record investment levels of €12 billion (+5%) organic, plus €5 billion in corporate transactions (ENW and Avangrid minorities). 70% of total investment is directed to the UK and U.S. * €11.2 billion invested in networks, more than doubling the prior year. In addition to investments in distribution, transmission investment grew 54%, mainly in U.S. and UK projects. * Nearly €5.5 billion invested in renewables, with 2,600 MW of capacity commissioned in 2024 to deliver a portfolio exceeding 44,000 MW. The company has €9.2 billion on its balance sheet allocated to projects in construction, with 80% of these expected to be commissioned in 2025 and 2026. Increasing robustness * Cash flow grew to €16.769 billion (+51%). * Continued strength of financial ratios: FFO/net debt at 22.9%. * More than €20 billion of current liquidity, covering 22 months of financing needs. Proposed dividend: €0.635 per share, up 15% * On January 31, €0.231 per share was already paid as an interim dividend. * A final dividend of €0.404 per share will be proposed to the General Shareholders’ Meeting. Strong boost to the social dividend * Purchases of goods and services totalled €18 billion from thousands of suppliers, supporting 500,000 jobs across the supply chain. * Record tax contribution of €10.3 billion worldwide (+7.5%). * 6,000 new hires (including 2,100 from ENW), reaching a global workforce of 42,200 people. * Emissions of 38 grams of CO2 per kWh in Europe, five times less than the European industry average. * €400 million allocated to R+D+I: the leading private electricity company worldwide, according to the European Commission. * Ranked as the number 1 utility in the Dow Jones Best-In-Class Indices. 2025 Outlook: improved forecasts * Continuing with a strategy focused on grids as a priority and with a selective focus on renewables , a strengthened business profile and improving market fundamentals drive a structural improvement in net profit outlook. * Net profit for FY2025 is expected to achieve mid- to high-single digit growth, excluding extraordinary items. Next Capital Markets Day: September 24, 2025 Commenting on the results, Ignacio Galán, Executive Chairman of Iberdrola , said: “With electrification driving growth in demand across all of the countries Iberdrola serves, this strong set of results delivers ahead of our strategic plan". “Iberdrola has been the leader in electrification for 25 years, combining disciplined execution with long-term commitment to deliver increased shareholder value. We are continuing on this path through our focus on network investments in the US and the UK, using the proceeds from fossil fuel divestments to accelerate growth in both markets". “A strengthened business profile and better market fundamentals contribute to a structural improvement in our outlook for 2025 and beyond”. READ MORE
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25/02/2025 - 09:35 UTC +01:00The Embassy of Finland visits Iberdrola's hub in Bilbao Sari Rautio, the Finnish Ambassador to Spain, visited Iberdrola's Global Smart Grids Innovation Hub in Bilbao. The GSGIH is the company's global headquarters for smart grids. The ambassador, accompanied by a trade delegation from the country and the Honorary Consul of Finland in Bilbao, Carolina Pérez Toledo, were received by Asís Canales, Iberdrola’s Global Director of Resources and Services, and Estíbaliz Goñi, Director of Processes and Technology at i-DE –the Iberdrola Group’s distributor– and visited the facilities of the hub where they learned about Iberdrola’s advances in innovation, digitisation and electrification. Finland is one of the most digitised countries in the world. Around 85.6% of SMEs have digital skills in artificial intelligence or data analysis above the European average. READ MORE
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24/02/2025 - 13:46 UTC +01:00Iberdrola and ANCES join forces in the search for start-ups to drive photovoltaic tech Iberdrola, through its start-up programme, Perseo , has launched a challenge to develop innovative technological solutions to drive the photovoltaic sector. The electricity company, which has around 8,000 MW of installed capacity worldwide using this technology, is proposing this challenge within the framework of Ances Open Innovation , the open innovation programme of ANCES, the Spanish National Association of European Business and Innovation Centres. The company chaired by Ignacio Galán – Europe's leading electricity company in terms of stock market value and one of the three largest in the world – is looking for start-ups and entrepreneurs in the field of photovoltaic power who offer solutions to reduce costs, increase durability or facilitate the integration of photovoltaic systems in different environments. The aim is to find innovative solutions in this field, both hardware and software. Some of Iberdrola's areas of interest in this challenge are the integration of solar panels in buildings, solutions that improve integration with nature – in agricultural environments or that promote biodiversity around the facilities – or that optimise the construction, operation, maintenance and recycling of photovoltaic systems. Participants have until 7 March to submit their proposals through the Ances Open Innovation website. The finalists will be announced on 23 April and will have the opportunity to defend their projects at the Ances Open Innovation Final Event to be held in May in Madrid. The winning solutions will have the opportunity to collaborate with Iberdrola to carry out a pilot and potentially scale their technology globally. The driver of energy start-ups Since its creation in 2008, Perseo has invested more than €200 M in start-ups that develop innovative technologies and business models, focusing on those that improve the sustainability of the energy sector through greater electrification and the economy’s decarbonisation. The programme has focused its actions on analysing business opportunities and technological collaboration with start-ups and emerging companies around the world. READ MORE
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24/02/2025 - 12:46 UTC +01:00Iberdrola España begins commissioning of the Valdecañas pumped-storage hydroelectric power plant in Spain Iberdrola, through its subsidiary in Spain , has begun commissioning the Valdecañas pumped-storage hydroelectric power plant in Cáceres, Extremadura, in the southwest of the country, which has a total capacity of 225 MW and a hybridised 15 MW battery. This power plant will reduce CO2 emissions by 200,000 tonnes per year and will create 165 direct and 500 indirect jobs, increasing skilled positions available and benefiting the local economy. The reversible power plant helps balance the consumption and demand curve, stabilising the electricity grid by storing and recovering energy as needed. The project has had minimal impact during its execution, taking advantage of existing infrastructure and without needing to lay new transmission lines. The commissioning of Valdecañas consolidates Iberdrola España's commitment to hydroelectric storage, adding to other recent projects in Portugal and Spain. Iberdrola España currently has 18 pumped hydro plants with an installed capacity of 6,000 MW. You can read the full story at Iberdrola España's Communication Room . READ MORE
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24/02/2025 - 12:19 UTC +01:00Iberdrola to supply 100% renewable energy to Diamond Foundry for diamond manufacturing in Spain Iberdrola, through its subsidiary in Spain, Iberdrola España , has signed a contract with Diamond Foundry to supply 100% renewable energy for the manufacture of synthetic diamonds at its plant in Trujillo, Cáceres, in south-western Spain. The contract specifies that the supply will be 100% renewable and with a Guarantee of Origin issued by the Spanish National Markets and Competition Commission. Under the agreement, Iberdrola España will supply Diamond Foundry with an estimated annual energy of 30 GWh at a voltage of 45kV, which will increase up to 132 kV. The Diamond Foundry project has a total investment of €675 M and envisages the production of diamonds that will be used for jewellery, industrial applications and, in a second phase, for supercomputing and data. Commissioning has already begun in the testing phase. You can read the full story at Iberdrola España’s Communication Room . READ MORE
