News
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28/02/2025 - 13:38 UTC +01:00Avangrid nears 10,500 MW installed in the United States Avangrid, Iberdrola's US company, 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 España , Iberdrola's 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 España to supply 100% renewable energy to Diamond Foundry for diamond manufacturing in Spain Iberdrola España, Iberdrola's subsidiary in Spain, 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
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21/02/2025 - 09:01 UTC +01:00Iberdrola ranks as the cleanest utility in the world Iberdrola is cleanest utility in the world according to the Clean200 ranking prepared by Corporate Knights and As You Sow. This list includes the companies that are leading the transition to a clean energy future. The company chaired by Ignacio Galán is once again at the forefront of sustainability and corporate reputation according to the Clean200 ranking, which identifies the 200 largest listed companies based on their clean revenues. The list ranks companies according to the definitions set out in the Corporate Knights’ Sustainable Economy Taxonomy. Clean200 is a joint project between As You Sow, a leading shareholder advocacy non-profit promoting values-aligned investing, and Corporate Knights, a research and media company focused on accelerating the transition to a sustainable economy. This distinction is in addition to the fact that Iberdrola leads the electricity sector in the Sustainability Yearbook 2025 prepared by S&P, where it received the Top 1% S&P Global CSA Score. The largest European electricity company by stock market value obtained the best score in the Dow Jones Best-in-Class Indices, the former Dow Jones Sustainability Index. This leadership comes on top of the fact that Iberdrola has been in the Dow Jones Best-in-Class Indices for 25 consecutive years, making it the only European utility that has on the index this entire time. Iberdrola is a global benchmark in sustainability. It has once again received the highest "A List" ranking from CPD on the list of the world's most transparent companies in climate change thanks to its commitment to disclosure, transparency, and environmental action. In addition to the Dow Jones Best-in-Class, it is on the main international sustainability indices such as Moody's ESG, MSCI, Sustainalytics, ISS-ESG, EcoVadis and FTSE4Good, among many others. Self-sufficiency and fighting climate change Iberdrola continues to advance in its commitment to energy self-sufficiency and in its proactive role as an active agent in the fight against climate change. Iberdrola now has more than 44,000 megawatts (MW) of renewable capacity installed worldwide and 84% of its electricity production is an emissions-free. READ MORE
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20/02/2025 - 13:58 UTC +01:00Iberdrola and Kansai expand their strategic alliance to accelerate electrification in different countries Iberdrola and the Japanese electricity company Kansai announced today the extension of their strategic alliance with the aim of accelerating electrification globally. This collaboration will focus on various electricity grid and renewable energy projects in different countries. Both companies see this new agreement as a strategic milestone that will allow them to jointly explore other investment opportunities in different technologies and regions within the renewable energy and electricity grid industry. The agreement strengthens the relations of both companies, following the co-investment in the Windanker offshore wind farm at the end of December 2024. The Windanker offshore wind farm, located in the German Baltic, will have an installed capacity of 315 MW and will be operational in the last quarter of 2026. Iberdrola has a majority stake of 51% and provides operation and maintenance services, while Kansai, Japan's second largest electricity company and one of the largest in Asia, holds the remaining 49%. In addition, both companies have jointly invested in the Electricity North West (ENW) group , the electricity distribution network operator in the United Kingdom. Iberdrola has an 88% stake and the consortium led by Kansai owns the remaining 12%. Iberdrola, a global leader in energy and a benchmark in the sector for its sustainable business model, has invested more than 160,000 million euros since 2001 to develop a clean, safe, autonomous and competitive energy model, making it a strategic partner for the Japanese electricity company. For its part, Kansai has committed to achieving carbon neutrality in all its business activities by 2050, expanding renewable energy sources and improving energy efficiency. Partnerships for growth The alliance policy is Iberdrola's strategy to accelerate its growth and promote the decarbonisation of the economy while maintaining its financial strength. In addition to the agreements with Kansai, the company chaired by Ignacio Galán has made the following agreements in recent months: * The sale of the Baixo Iguaçu hydroelectric plant to EDF and STOA . * In January 2023, it signed an alliance with Norges Bank to co-invest in renewables that, after its expansion, will reach 2,500 MW. * In December 2023, Iberdrola closed an agreement with Masdar to co-invest up to €15,000 million in offshore wind and green hydrogen in Germany, the United Kingdom and the US, the first milestone of which was the agreement for the Baltic Eagle offshore wind farm in Germany. * In September 2023, the company closed an alliance with GIC for the expansion of transmission networks in Brazil for 430 million euros. * The company sold more than 8,400 MW of combined cycle gas in Mexico last February for 6,200 million dollars. * In March 2023, Iberdrola and BP launched a joint venture to deploy 11,700 fast-charging points in Spain and Portugal and have formed a 50/50 joint venture to develop a 25 MW green hydrogen project, the largest plant in Spain. * Iberdrola and MAPFRE have continued to make progress in their strategic alliance by incorporating 150 new MW through a joint venture, which already has 450 MW. * In addition, Iberdrola signed an alliance with Energy Infrastructure Partner s to co-invest in the Wikinger offshore wind farm and boost its offshore wind portfolio. READ MORE
