News
-
09/01/2025 - 12:18 UTC +01:00Iberdrola, the world's leading private utility in terms of R&D&I investment for the third year running Iberdrola has been recognised for the third consecutive year as the world's leading private utility in terms of investment in innovation and development, according to the European Commission in its report 'The 2024 Industrial R&D Investment Scoreboard ', after allocating €384 M to the area in 2023. The European Commission has analysed the 2,000 largest companies in the world and the 800 most important in Europe. The company chaired by Ignacio Galán considers innovation to be a strategic variable for the group and the main tool for guaranteeing the electricity company’s sustainability, efficiency and competitiveness. By incorporating new clean and efficient technological solutions, Iberdrola has become the driving force behind the energy model based on electrification. The company aims to exceed €4 B in investment in Innovation, Development and Research (R&D&I) by 2030. It will double its investment in the area by the end of the decade. These resources are intended to be used primarily for projects related to renewable energy, smart grids, digital transformation and developing tailor-made solutions for our customers. The aim is to accelerate electrification, addressing not only the climate crisis, but also improving energy security, competitiveness and sustainable job creation throughout the value chain. Innovation for electrification The company has spearheaded the development of solutions that drive decarbonisation such as smart grids, with initiatives such as the Global Smart Grids Innovation Hub . Located in Bilbao, the hub has become an international benchmark and will respond to the challenges of the energy transition. The centre acts as a driving force for innovation, combining the company's technological capacity with that of more than 100 collaborating entities and companies: suppliers, universities, technology centres and start-ups. It is also a magnet for attracting strategic suppliers and international talent, strengthening the business ecosystem. In the area of grids, it also continues to incorporate digitalisation and artificial intelligence systems in transmission and distribution infrastructures to further increase security and quality of supply. In renewables, Iberdrola is also committed to pumped hydro technology , the most efficient and mature system for large-scale energy storage. Iberdrola's leading position in energy storage has been strengthened with the commissioning of the Tâmega gigabattery, one of the largest projects in Europe in the last 25 years. The boost given in recent years to offshore wind energy is also of note, of which it already has assets in operation and under advanced construction in various countries such as the United Kingdom, France, and Germany. In addition, the company is paving the way to sites further from the coast by allowing the deployment of wind turbines in larger and deeper offshore areas with greater wind potential. New technologies are being explored in the recycling and recovery of wind turbine blade waste, and in agrovoltaics, which is based on the combination of renewable energies with agricultural and livestock farming practices. The company is also fostering a culture based on creativity. The Innovation and Training Campus , a 180,000 m2 complex with state-of-the-art facilities in San Agustín del Guadalix, Madrid, has become the company's global nexus for knowledge, innovation and employability. With nearly 13,000 people receiving training in its classrooms every year, the campus represents Iberdrola's commitment to technology, R&D&I and collaboration with technology centres as levers to lead the energy transition, the green recovery of the economy and the employment and employability of young people and senior professionals in sectors of the future. READ MORE
-
08/01/2025 - 12:15 UTC +01:00Iberdrola raises its interim dividend by 14.4% and will pay out €0.231 gross per share Iberdrola's interim dividend for 2024 will amount to € 0.231 gross per share as reported today to the Spanish National Securities Market Commission (CNMV). Investors opting for the cash dividend will receive the corresponding amount on 31 January. The company once again offers its shareholders three options with this edition of Iberdrola Retribución Flexible: to receive in cash the amount corresponding to the interim dividend - the aforementioned gross €0.231 per share -; to sell their allocation rights on the market; or to obtain new bonus shares in the group free of charge. This interim dividend for the 2024 financial year will be completed with the final dividend that the company expects to pay in July if approved by the company's General Shareholder Meeting. Shareholders who opt for the option to receive new shares must hold 58 free-of-charge allocation rights to receive a new company share. The three options - to receive the interim dividend in cash, to sell the rights on the market or to receive new Iberdrola shares – can be mixed and matched, so the shareholder could choose one of the alternatives or combine them according to his or her preferences. The Iberdrola Retribuciónn Flexible system assigns the option to receive new shares by default, so those shareholders who prefer to receive their remuneration in cash should notify their bank between 10 and 23 January. To implement this new round of the remuneration system, a capital increase with a maximum reference market value of €1,495 M will be carried out. Calendar of the "Iberdrola Retribución Flexible" programme January 2025 The amount of the interim dividend per share and the number of rights required to receive one bonus share are disclosed. 9 January 2025 Last day shares entitled to participate in the dividend are traded. 10 January 2025 The Common Election Period begins for shareholders to decide whether to receive the interim dividend or free shares, and the trading period for free allotment rights begins. 23 January 2025 Last day of the Common Election Period and of the rights trading period. 31 January 2025 Delivery of shares and payment of interim dividend. 5 February 2025 New shares start trading. READ MORE
-
03/01/2025 - 09:49 UTC +01:00Iberdrola inaugurates new lights at the Convento de Nossa Senhora da Conceição in Brazil Iberdrola, through the foundation of its subsidiary in Brazil , Instituto Neoenergia, has modified the lighting of the Convento de Nossa Senhora da Conceição in Itanhaém, Brazil, as part of its Cultural Lighting Programme . The historic building has undergone maintenance and renovation over the last few months. The more than 492-year-old Convent of Nossa Senhora da Conceição has been a temple of faith and devotion for more than 400 years. Located at the top of the Itaguaçu hill, in the Historic Centre of Itanhaém, its construction is in the colonial Baroque style of the 16th and 17th centuries and began around 1639. The Convent is the oldest building in Itanhaém and one of the first churches built in Brazil. You can read the full story at the Neoenergia Communication Room . READ MORE
-
02/01/2025 - 10:18 UTC +01:00Iberdrola builds its sixth photovoltaic installation in the state of Oregon, in the U.S. Iberdrola, through its U.S. subsidiary Avangrid , and Portland General Electric (PGE) have signed a power purchase agreement ( PPA ) for the 120 MWac Tower Solar project, which the U.S. subsidiary of the Iberdrola Group is building in Morrow County, in collaboration with QTS and Meta. The facility, which will create more than 200 jobs, will become Avangrid's sixth solar facility in Oregon upon completion in 2026, and its 17th power generation project in the state, where the company currently operates 1,600 MW of wind and solar projects. The facility will supply clean, renewable energy to PGE's grid through Green Future Impact (GFI), a voluntary program designed to help large commercial, industrial and municipal customers meet their ambitious sustainability and carbon reduction goals by developing new clean energy facilities in the region. Subscribers to this program sign up for a package of clean energy products and receive Renewable Energy Certificates associated with the green electricity generated by the new facility. As part of this program, leading data center solutions provider QTS is developing a campus to support the operations of Meta, parent company of Facebook and Instagram, in the region. This hub will be powered by clean energy from Tower Solar, which will contribute to Meta's sustainability and 100% renewable energy goals. You can read the full story in Avangrid's Press Room . READ MORE
-
30/12/2024 - 09:55 UTC +01:00Iberdrola awards Taylor Woodrow the prep works for East Anglia Two onshore substation in the UK Iberdrola, through its renewable subsidiary in the United Kingdom , ScottishPower Renewables, has just incorporated Taylor Woodrow as a supplier for the preparatory works for the onshore substation associated with the East Anglia Two offshore wind farm (960 MW). The new offshore facility , which ScottishPower Renewables is building in the North Sea, continues to boost the UK economy and the offshore industry value chain. With the award of this contract, Taylor Woodrow will be responsible for the civil engineering works at the substation, which will in Friston, near Saxmundham, in the county of Suffolk, England. The work will include highway improvements and landscaping. Around 80 jobs are expected to be created while the agreement lasts. This is the latest announcement in a series of deals struck with suppliers by ScottishPower Renewables, following the success of the Allocation Round 6 auction in September. These include a turbine supply contract worth more than £1 billion (€1.2 billion) to manufacture the blades for the 64 turbines at the wind farm. You can read the full article at the ScottishPower Renewables Communications Room . READ MORE
-
23/12/2024 - 17:38 UTC +01:00Iberdrola celebrates 25 years in the Dow Jones Sustainability Index Iberdrola celebrates 25 consecutive years in the prestigious international Dow Jones Sustainability Index (DJSI), which makes it the only European utility that has been present in the index throughout this time. This is reflected in the annual update published by the S&P Dow Jones Index, a division of S&P Global, which provides essential ESG data for investors, companies and governments to make decisions with confidence. Iberdrola is thus included as a member of DJSI World and DJSI Europe in the "Electric Utilities" sector. This reflects the group's firm commitment to the highest sustainability standards, as from an initial universe of around 13,000 companies, only those with the best scores are selected. The utility, Europe's largest by capitalization with a value of more than 80 billion euros, has met the S&P's requirements that decide index constituents. It complies with an increasingly demanding methodology that encompasses more than 120 sections related to sustainability, distributed in three pillars: respect for the environment, social commitment and good corporate governance. Iberdrola already has more than 44,000 megawatts (MW) of installed renewable capacity worldwide. The group's emission-free production stands at 84%, and in the United Kingdom, France, Italy, Germany, Poland, Portugal, Greece and Bulgaria it stands at 100%. Iberdrola aims to achieve emissions neutrality in its generation, distribution and consumption plants by 2030 (scopes 1 and 2) and to achieve net zero emissions in all the company’s activities by 2040. Iberdrola is a global reference, present in the main international sustainability indexes, including Moody's ESG, MSCI, Sustainalytics, ISS-ESG, CDP, FTSE4Good, Blomberg, EcoVadis, among many others. Leading the electrification of the economy After anticipating the current energy transition by 20 years with more than 160,000 million euros of investment, the company is making progress in its historic investment plan of 41,000 million euros in the period 2024-2026 (to which are added the 5,000 million euros from the purchase of the British ENW) and consolidates its business model based on more energy, grids, renewables, more storage and more smart solutions for customers. At the forefront of sustainability worldwide, Iberdrola has incorporated the Sustainable Development Goals (SDGs), defined by the United Nations for the 2030 horizon, into its business strategy and sustainability policy, and is an example for its direct contribution to the global goals, highlighting its contributions in the field of energy and climate change. The company focuses its efforts on the supply of affordable and non-polluting energy (goal 7) and on climate action (goal 13), although it contributes directly to ensuring clean water and sanitation (goal 6), it has increased its investment in activities of R&D&i (goal 9), promotes respect for the life of terrestrial ecosystems (goal 15) and works to establish alliances to achieve the objectives (goal 17). READ MORE
-
23/12/2024 - 14:00 UTC +01:00Iberdrola completes merger with Avangrid Iberdrola today completed its merger with US subsidiary Avangrid after acquiring the 18.4% of the shares it did not already control. Avangrid shareholders will receive $35.75 per share, and the company will be delisted from the New York Stock Exchange. The operation was completed after the green light was given by the Federal Energy Regulatory Commission (FERC), the Maine state regulator and also the New York state regulator, the latter last Friday. Avangrid shareholders who owned the stock on December 2, 2024 will also receive the proportional quarterly dividend until closing, which will be paid on January 2, 2025. Once this transaction is completed, Avangrid will operate as a private company, maintaining its headquarters in Connecticut. The merger will allow Iberdrola to invest in the United States more efficiently. The subsidiary will be able to participate more economically in new energy infrastructure projects in its grid and renewable businesses, representing a significant investment in local communities and generating hundreds of direct and indirect jobs. These projects will create a more robust, resilient and reliable power grid, and will help meet the growing demand from utilities and data centres. Avangrid, a leading company in networks and renewables The transaction will allow Iberdrola to continue to grow strongly in the United States after more than 20 years of presence in the country. About a decade ago, Iberdrola merged its North American subsidiary with the listed UIL Holdings to give rise to Avangrid, which has been listed on the US stock exchange ever since. Thanks to the growth experienced by the company over the last decade, Avangrid today has assets of 46 billion dollars. The company distributes electricity to a population of seven million people in the states of New York, Connecticut, Maine and Massachusetts and has an installed capacity of 8,700 MW of renewable energy in 24 states. It also has 8,000 employees. READ MORE
-
20/12/2024 - 22:03 UTC +01:00Iberdrola obtains approval from New York regulator for Avangrid merger Iberdrola has today completed the last step for the acquisition of 100% of its subsidiary Avangrid, having obtained the approval of the New York regulator, after previously obtaining approvals from the federal regulator (FERC) and the Maine regulator. Once the transaction closes, scheduled for December 23, and under the terms of the merger agreement, Avangrid shareholders will receive $35.75 per share, and Avangrid's shares will cease trading on the New York Stock Exchange. Avangrid shareholders, who were shareholders on December 2, 2024, will receive the proportional quarterly dividend until closing*, which will be paid on January 2, 2025. With the closure, Avangrid will operate as a private company and maintain its headquarters in Connecticut. This merger will allow Iberdrola to invest in the United States more efficiently. The subsidiary will be able to participate more economically in new energy infrastructure projects in its grid and renewables businesses, representing a significant investment in local communities and the generation of hundreds of direct and indirect jobs. These projects will create a more robust, resilient and reliable electric grid, and help meet the growing demand from utilities and data centers. Avangrid, a leading grid and renewables company The transaction will allow Iberdrola to continue to grow strongly in the United States after more than 20 years of presence in the country. About a decade ago, Iberdrola merged its North American subsidiary with the listed UIL Holdings to give rise to Avangrid, which has been listed on the US stock exchange ever since. Thanks to the growth experienced by the company in the last decade, Avangrid today has assets of 46,000 million dollars. The company distributes electricity to a population of 7 million people in the states of New York, Connecticut, Maine and Massachusetts and has an installed capacity of 8,700 MW of renewable energy in 24 states. It also has 8,000 employees. * Corresponding to $0.44 per quarter calculated from the beginning of the quarter to the closing date READ MORE
