News
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01/04/2026 - 10:17 UTC +02:00Iberdrola strengthens its social commitment in the US with over 42,000 hours of volunteering Employees at Avangrid, the subsidiary of the Iberdrola Group in the United States , contributed more than 42,000 hours of volunteering in 2025—significantly exceeding the annual target and increasing tenfold the number of hours recorded since the company began tracking this impact in 2021. This figure reflects the teams’ growing commitment to the communities where the Group operates, as well as its dedication to a purpose-driven energy model. Charitable initiatives led by Avangrid employees took place across 26 states and benefited 431 social organisations, focusing on key areas such as social inclusion , education, health and environmental protection. Highlights of the year included blood donation drives, reforestation of natural areas, food and toy collections, and support for social housing projects. The impact of this volunteering effort was further amplified through the corporate programme Energized for Good, through which the Avangrid Foundation channelled more than $830,000 in additional funding to local community organisations. You can read the full story at the Avangrid Media room. READ MORE
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31/03/2026 - 13:09 UTC +02:00Iberdrola advances battery storage at the Alcochete and Algeruz solar plants in Portugal Iberdrola Portugal, a subsidiary of the Iberdrola Group in Portugal , has begun installing battery energy storage systems (BESS) at the Alcochete I and Algeruz II solar plants, located in the district of Setúbal. The batteries for both projects will provide a combined storage capacity of 180 MWh—100 MWh at Alcochete I and 80 MWh at Algeruz II—and a total output capacity of 45 MW (25 MW and 20 MW, respectively). Together, they will be able to supply electricity for up to four hours to more than 10,000 homes. This initiative strengthens the electricity system’s ability to integrate greater volumes of renewable energy by storing surplus solar generation and delivering it when demand requires. In addition, the project marks further progress in Iberdrola’s storage strategy as a key enabler of electrification , combining short-duration solutions such as batteries with long-duration technologies like pumped-storage hydropower. You can read the full news story at the Iberdrola International Media room. READ MORE
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31/03/2026 - 11:32 UTC +02:00Gestamp and Iberdrola sign a 10-year agreement for the supply of clean energy in Europe Iberdrola and Gestamp have signed a 10-year renewable energy Power Purchase Agreement (PPA) for the supply of 660,000 megawatt hours of electricity to various plants in Europe belonging to the multinational specialising in the design, development and manufacture of high-engineering metal components for the automotive industry. The partnership reflects both companies' commitment to a safer, more efficient and sustainable industrial model based on the electrification of operations and production processes. The PPA covers 34 megawatts of installed capacity and will enable Gestamp's plants to be supplied with 100% renewable energy (80% wind and the remaining 20% solar), backed by certificates of origin. This agreement enables Gestamp to secure a long-term supply of renewable energy at a fixed and competitive price, in line with its strategy aimed at promoting stability and future visibility of its energy costs. It also helps the company take a further step in its contribution to the decarbonisation of the automotive industry's supply chain. For its part Iberdrola, Europe's leading electricity company and one of the world's two largest by market capitalisation, is further expanding its PPA portfolio and strengthening its role as a strategic partner to the industrial sector. The company recently retained its position at the forefront of the European power purchase agreement market for the third consecutive year, according to the Pexapark Renewables Market Outlook 2026 report. These long-term contracts form part of Iberdrola's strategy to foster stable partnerships with major customers, advance the electrification of the industrial and business sector and contribute to a self-sufficient, secure, competitive and sustainable energy system capable of meeting growing demand. In the case of the automotive sector in Spain, Iberdrola has signed agreements in 2026, valid for 10 years, covering 50 megawatts of installed capacity and the supply of one million megawatt-hours of 100% renewable energy. Javier Imaz, Chief Purchasing Officer (CPO) at Gestamp, said: “This agreement marks a very important milestone for the company as it represents a further step in its efforts to implement more sustainable production processes, committed to electrification, energy efficiency and the use of renewable sources. All of this forms part of Gestamp’s ambitious sustainability strategy, which aims, amongst other things, to continue contributing to the decarbonisation of the automotive industry’s supply chain.” David Martínez, Director of Iberdrola España's Customer Business, said: “This agreement represents a very important milestone for the company, as it marks another step forward in its efforts to implement more sustainable production processes, focused on electrification, energy efficiency and the use of renewable sources. All of this is part of Gestamp’s ambitious sustainability strategy, which aims, among other objectives, to continue contributing to the decarbonisation of the automotive industry’s supply chain.” READ MORE
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31/03/2026 - 10:29 UTC +02:00Iberdrola recognised in Spain for its leadership in energy storage at the 2026 RENMAD Awards Iberdrola España, a subsidiary of the Iberdrola Group in Spain, has been named Energy Storage Developer of the Year at the 2026 RENMAD Awards. Held in Seville, these awards recognise the Group’s role in developing key energy storage solutions and its contribution to the transition towards a more sustainable energy system. With this recognition, Iberdrola España further strengthens its position as a benchmark in the development of energy solutions that enhance system stability and support a cleaner, more efficient energy model. This leadership is underpinned by the Group’s strategic planning , which includes an investment of €1.5 billion in storage between 2025 and 2028, as well as the advancement of major projects backed by European and national funding programmes. You can read the full story at the Iberdrola España Media room. READ MORE
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30/03/2026 - 17:00 UTC +02:00ScottishPower to drive Wallacetown’s future with new community solar project ScottishPower, a subsidiary of the Iberdrola Group in the UK , has partnered with the Fort, Seafield and Wallacetown Community Association to install solar panels that will generate solar energy for a self-sustaining community fund, supporting the area for decades to come. Revenue from the electricity generated will be reinvested directly into the community, helping to fund local projects and services while tackling energy poverty. You can read the full story in the ScottishPower Energy Networks Newsroom . READ MORE
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30/03/2026 - 11:51 UTC +02:00Iberdrola awards contracts worth €3.5 billion for the Eastern Green Link 4 subsea interconnector in the UK The Iberdrola Group, through its British subsidiary SP Energy Networks, has awarded contracts worth over £3 billion (around €3.5 billion) for the development of the subsea electricity interconnector Eastern Green Link 4 (EGL4) between Scotland and England. This infrastructure will strengthen the UK's energy system, increase the security and self-sufficiency of the supply and support the country's economic growth. Under the signed agreement, Siemens Energy will build two high-voltage direct current (HVDC) converter stations, which will convert alternating current to direct current to transmit electricity more efficiently at 525,000 volts over long distances. The electricity will travel around 640 kilometres, mostly under the sea, before being converted back for integration into the onshore grid. This is the second major contract linked to this project following the one signed earlier this year with Prysmian, worth £2 billion (around €2.3 billion), for the supply of over 640 kilometres of cable, of which 530 kilometres will be subsea and 116 kilometres underground. With a capacity of 2,000 megawatts, Eastern Green Link 4 will link Fife in Scotland with Norfolk in England and will be able to transport enough renewable energy to supply more than 1.5 million homes. The converter stations will be located in these two regions. The main construction phase will begin in 2028, with commissioning scheduled for 2033. This project complements Eastern Green Link 1, another 2,000 megawatts link whose construction began in 2025 and which will connect Torness in Scotland with Hawthorne Pit in England. This project is expected to be completed in 2029. In total, Iberdrola will invest €14 billion by 2031 in transmission networks to increase the UK's capacity to transfer electricity between regions and strengthen energy security and self-sufficiency by reducing dependence on imported fossil fuels. Furthermore it will facilitate the integration of new clean generation and promote job creation and economic and social development. The UK is one of the Iberdrola Group's main investment destinations: the company plans to invest €20 billion in the country by 2028 to strengthen energy security and move towards a more self-sufficient, sustainable and competitive system. READ MORE
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27/03/2026 - 11:13 UTC +01:00Iberdrola advances offshore wind in the UK with progress on East Anglia TWO ScottishPower, the Iberdrola Groups’s UK subsidiary, is making steady progress on the development of the East Anglia TWO offshore wind farm, one of the most significant renewable energy projects currently under construction in the United Kingdom. With a total investment of approximately €4.5 billion, the project reinforces the Group’s commitment to offshore wind as a strategic pillar of the energy transition , as well as to the deployment of infrastructure that supports a more secure, competitive and sustainable energy system. As part of the project, the UK’s Secretary of State for Energy, Michael Shanks, visited the facilities where the offshore substation foundations are being manufactured, highlighting the role of clean energy in driving skilled employment and supporting the country’s industrial communities. With an installed capacity of up to 960 MW, East Anglia TWO offshore wind farm will generate enough clean electricity to power nearly one million homes, making a significant contribution to the electrification of the UK economy. You can read the full story at the ScottishPower Media room. READ MORE
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27/03/2026 - 10:00 UTC +01:00Avangrid completes solar panel installation at Tower Solar plant in Oregon Avangrid, a subsidiary of the Iberdrola Group in the United States, has completed the installation of more than 250,000 solar panels for the Tower Solar project in Morrow County, Oregon. The panels were assembled by SEG Solar at its new factory in Houston, Texas. The plant, with a total installed capacity of 120 MWac, is expected to come online later this year. It will supply electricity to the Portland General Electric (PGE) grid and support a new QTS data center campus in the region. Construction of the project created more than 200 jobs, most of them filled by local workers. In addition, the project, located on industrial land at the Port of Morrow, is expected to generate approximately $20 million in economic contributions, which will help fund public services, including education. You can read the full story at the Avangrid Media room. READ MORE
