News
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04/06/2025 - 16:02 UTC +02:00Avangrid begins commercial operation of its Powell Creek solar plant in Ohio Avangrid, Iberdrola’s company in the United States , has begun commercial operation at its new Powell Creek solar facility in Putnam County, Ohio. The Powell Creek plant includes more than 300,000 solar panels and it is estimated that it will contribute more than €27M to local taxes over its lifetime and around €1M in annual lease payments. Powell Creek is Avangrid's second project in Ohio following the 304 MW Blue Creek wind farm built in 2012. Avangrid now has more than 500 MW of installed capacity in Ohio, which can generate electricity for more than 100,000 US homes a year. Avangrid has added nearly 600 MW of domestic power capacity to the US grid in the last six months. This achievement underscores Avangrid's commitment to meeting the growing demand for electricity, supporting local jobs and ensuring that homes and businesses have a reliable power source. Avangrid operates around 10.5 GW of capacity across the country. You can read the full story at the Avangrid Press Room. READ MORE
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03/06/2025 - 12:59 UTC +02:00ScottishPower to invest more than €262M in UK distribution grid ScottishPower Energy Networks (SPEN), Iberdrola's distribution company in the United Kingdom , will allocate more than €262M to modernise the electricity distribution grid in the United Kingdom, part of its firm commitment to electrification, job creation and strengthening its supply chain. The investment will be channelled through the extension of key contracts with six specialist overhead line companies, which over the next four years will maintain and upgrade more than 20,000 kilometres of grid in Scotland and the North West of England. This action forms part of the Electricity Distribution (ED2) business plan for 2023–2028 and paves the way for the future ED3. Modernising infrastructure is key to advancing the UK's electrification and emissions reduction targets. With this announcement, SPEN reinforces its strategic role in driving a cleaner, safer and more efficient energy model and consolidates its commitment to local economic development, sustainability, and support for suppliers and innovation in the UK energy sector. You can read the full story at the ScottishPower Energy Networks Media Room. READ MORE
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30/05/2025Shareholders overwhelmingly support Iberdrola's management at its General Meeting At Iberdrola's General Shareholders' Meeting , held today at Torre Iberdrola, in Bilbao, the group's Executive Chairman, Ignacio Galán , received massive shareholder support for his management and the electrification strategy that the company pioneered more than 20 years ago. The Meeting, with an attendance quorum of more than 75,55%, has approved all the proposals for agreement included in the agenda with an average of votes in favour of 99,4%. Ignacio Galán reaffirmed the company's commitment to value creation: "2024 has been a new record year, thanks to our vision and strategy with which we are providing solutions to the great challenges of the sector while generating wealth, industrial development and employment in the countries where we are present and a lot of value for shareholders." Record results, shareholder remuneration and value creation Thanks to the €17 billion invested in electricity and renewable grids in 2024, the company has further promoted the electrification of the economy and energy autonomy, thus fostering competitiveness and employment worldwide. This effort has allowed Iberdrola to exceed 160,000 million euros in assets and increase net profit by 17%, reaching 5,612 million euros in 2024. With these results, the General Shareholders' Meeting – at the proposal of the Board of Directors – has approved an increase in the dividend by 15% compared to the dividend paid in 2024, to €0.635 per share. This amount is made up of the €0.231 gross per share already paid last January, plus another €0.404 gross per share that would be distributed next July. In addition to this shareholder remuneration, there will also be an engagement dividend of €0.005 gross per share, after having reached a quorum of 70% of the share capital at the Shareholders' Meeting. As a result of the Group's growth and financial strength, Iberdrola's share price is at an all-time high, already consolidated as the leading electricity company in Europe and one of the two largest in the world by capitalisation, with more than 103,000 million euros. Since the arrival of Ignacio Galán in 2001, the share price has gone from 3.5 euros to over 16 euros per share, with a value creation of around 90,000 million euros. In addition to this revaluation, 7.7 euros of shares distributed as dividends are added. As a result, a shareholder who has reinvested his dividends over these twenty years, as most capital does, will have seen his investment multiplied by almost 14 times. Social commitment Galán emphasised that these positive results have been accompanied by a new boost to the commitment to society in all its areas: Iberdrola has continued to increase its purchases to reach 18,000 million euros from its thousands of suppliers in 2024, giving visibility and certainty to a supply chain in which it supports nearly 500,000 jobs worldwide. In addition, last year the company made 6,000 additions – 2,100 from the British ENW, integrated in 2024 – which exceeds 44,000 workers. In 2024, Iberdrola has increased its contribution to the public coffers by 8%, to more than 10,300 million euros. Spain is the country in which it contributes the most with 4,300 million, 14% more than its tax contribution in 2023. Electrification is unstoppable During the presentation, Ignacio Galán reviewed the company's enormous growth prospects thanks to its commitment to electrification: "Our pioneering vision and our successful execution have positioned us as a leader in a sector that will face an extraordinary growth stage in the coming years, as new technological advances make electrification an unstoppable process." He also highlighted the Group's international diversification, especially in the United States and the United Kingdom, its commitment to electricity grids as a vector of growth and its financial strength. Composition of the Council Shareholders have also massively supported the re-election of Ángel Jesús Acebes Paniagua and Juan Manuel González Serna and the ratification and re-election of Ana Colonques García-Planas as an independent director, who joined the Board of Directors last December, as well as maintaining the number of Board members at 14. With these proposals, the structure of the Board is given continuity, with 2 executive members and 12 external members, of which 92% are considered independent. "Due to our governance model, values and trajectory of economic growth and social contribution, we face the future with optimism" Ignacio Galán, Executive Chairman of Iberdrola. READ MORE
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29/05/2025 - 11:51 UTC +02:00The Mexican Centre for Philanthropy (Cemefi) honours Iberdrola Mexico for its positive impact on society Iberdrola México , Iberdrola's company in that country, received the Socially Responsible Company Distinction for the 13th consecutive year. The Mexican Centre for Philanthropy (Cemefi) awards it to companies with good social responsibility practices. Cemefi's Socially Responsible Company Distinction measures and compares the development of good social responsibility practices through KPIs in the environmental, social and governance (ESG) fields. Iberdrola Mexico celebrates 25 years in the country with the goal of contributing to building a greener Mexico with the development of clean and renewable energy projects. You can read the full story in Iberdrola México's Press Room. READ MORE
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28/05/2025 - 17:00 UTC +02:00Ignacio Galán holds meetings with institutional representatives of the Basque Country This week, the Executive Chairman of Iberdrola , Ignacio Galán, held his usual meetings with the highest institutional representatives of the Basque Country: the lehendakari, Imanol Pradales; Elixabete Etxanobe, Deputy General of Bizkaia; and Juan Mari Aburto, the mayor of Bilbao. These meetings will take place, as usual, on the days prior to the General Shareholders’ Meeting in Bilbao, the company's headquarters, on Friday 30 May. At this meeting – which Iberdrola is holding at a record high stock market value, with a market capitalisation of more than €100B – the company will submit the approval of the results for the 2024 financial year to its shareholders, in which it invested €17B and increased its net profit by 17% to €5.612 B. The company has also proposed for the third consecutive year an engagement dividend of €0.005 gross per share (€1 gross per 200 shares) to be paid to all shareholders entitled to participate if a quorum of at least 70% of the share capital is reached. The company, which will present its next strategic plan on 24 September, plans to accelerate its investments to boost the electrification of the economy to more towards energy independence. READ MORE
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28/05/2025 - 14:28 UTC +02:00Avangrid announces investment of more than €36 million to rebuild network infrastructure in New York Avangrid, Iberdrola's company in the United States , has announced five projects to improve the capacity and reliability of the electricity grid in Ithaca, New York, for a total of €36 M. This major investment adds to Avangrid's effort to modernise New York's electric and gas infrastructure with more than €440 M for 265 projects since the 2023 Reliable Energy Rate Plan. The plan reflects the critical need to invest in energy infrastructure to meet growing demand, as well as the position of the United States as a top investment priority for Avangrid and Iberdrola. Avangrid will continue its unprecedented investment plan of more than €17 B through 2030 to rebuild and reinforce critical infrastructure in all of its service areas in the Northeast. You can read the full story at the Avangrid Press Room. READ MORE
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27/05/2025 - 18:10 UTC +02:00“What makes a company great are its values,” says Ignacio Galán upon receiving the Award for the Promotion of Spain “What makes a company great are its values,” said Iberdrola chairman Ignacio Galán during his speech as he collected the Spanish Projection Award in the Business category, presented to the company by the Spanish newspaper El Debate. These values, he said, are embodied by “the people of Iberdrola giving their all during the DANAS storms in Valencia, the storms in Scotland and the floods in Brazil”. Galán received the award “on behalf of the 44,000 people who make up Iberdrola and who truly deserve it’ and highlighted that many have been ‘the architects of the Group’s international expansion.” The third edition of the Premios a la Proyección de España (Awards for the Promotion of Spain) was held in Madrid and brought together personalities from the worlds of politics, justice, business and culture. The awards were created by the daily El Debate to recognise institutions and individuals who have made a significant contribution to the positive image of Spain. The award has three categories: institution or company, media or communications professional, and entity or personality in the field of arts and literature. As Europe’s largest electricity company and one of the two largest in the world by market capitalisation, Iberdrola has undergone a process of international expansion in less than 25 years, always taking Spanish and local companies with it wherever it operates and generating hundreds of thousands of quality jobs in Spain and around the world. In his speech, the Chairman of Iberdrola reflected on the meaning of the word “project”. In his opinion, “it has a lot to do with what Iberdrola is.” “It is making something visible. Something that needs light to be seen on a surface.” But projecting also “means drawing up a plan to carry out a project.” “Engineers project in order to transform ideas into reality, and that is what we have done throughout our history, carrying out major energy projects, in which we have invested more than €175 billion over the last 20 years, 25 of which I have been involved in, in order to expand throughout the world.” Finally, “designing is driving or moving forward, advancing, and that is why we are proud that with each of our projects we promote activity.” In this sense, he said, “we support our employees, our customers, our suppliers, our partners, our shareholders and the local communities where we operate.” All this work has placed Iberdrola in its current position of leadership. “Today we are proud to be pioneers and to be developing the latest international interconnection technologies. In the United Kingdom, specifically, we have the largest submarine connection lines in the world; in Australia, the largest batteries for hybridising our wind farms. Or the large hydroelectric projects in Spain and Portugal, and the first offshore wind farm in the United States off the coast of Massachusetts.” Behind these achievements “are thousands of suppliers who have accompanied us,” which is why “our success is the success of those who work with us.” Ignacio Galán recalled that the company brings electricity to 100 million people “from Australia to the United States, from the United Kingdom to Germany and Italy, and from Brazil to Mexico.” The Chairman ended his speech by thanking El Debate “for allowing us to share with all of you what this company and the people who work here are doing to meet the world’s current energy demands, and to create and continue creating development and wealth for people and contribute to building a more united, fairer and more sustainable world.” READ MORE
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27/05/2025 - 15:00 UTC +02:00Iberdrola holds its Shareholders’ Day in Bilbao with the participation of Ignacio Galán Iberdrola’s Chairman , Ignacio Galán, participated today in the Shareholders’ Day held at Torre Iberdrola in Bilbao, which saw nearly a thousand attendees. As in previous years, the event precedes the General Shareholders’ Meeting 2025, which is scheduled for 30th May in Bilbao. At the event, the Chairman was joined by Asís Canales, Director of Resources and Services for the Iberdrola Group and Company Delegate in the Basque Country. During the event, shareholders had the opportunity to learn, from members of the management team, about the main activities of Iberdrola’s businesses and the various initiatives the group is undertaking to promote employment, economic activity, innovation, and social action. The meeting also reaffirmed the company’s commitment to creating value for society, highlighting the 15% increase in the dividend for shareholders, which will rise to €0.635 per share for the 2024 fiscal year. An additional €0.005 per share will be added if the quorum at the General Meeting reaches 70%. Since the beginning of 2024, Iberdrola’s shares have appreciated, reaching a market value of €100 billion, solidifying its position as the largest utility company in Europe and one of the two largest in the world. The Shareholders’ Day is one of the initiatives the company has launched throughout the year to engage with shareholders. Tenth Anniversary of the Engagement Policy This year, Iberdrola’s shareholder engagement policy celebrates its 10th anniversary. In 2015, the company’s Board of Directors approved this strategy, which is outlined in the company’s Articles of Association and is primarily focused on its thousands of investors. Iberdrola is celebrating this anniversary with a new engagement space for its shareholders. The company, led by Ignacio Galán, was a pioneer in introducing this strategy into its management, which seeks to facilitate shareholder participation in its business project by promoting transparency, active listening, and the effective dissemination of its activities throughout the year, engaging with shareholders not only during the General Meeting. Multiple Ways to Participate Iberdrola shareholders can participate in the General Meeting through a wide range of channels, provided they have at least one share registered since 23rd May. * Shareholders who are members of the OLA Shareholder Club have received a personalised card with a QR code to vote quickly and easily via the website votojunta.iberdrola.com . Club members can also participate by simply entering their share number or Club key on the same website. * This website is also available for all shareholders, whether or not they are Club members, who can register using their share number or electronic signature. * Voting is also possible via instant messaging systems. To vote through this channel, shareholders simply need to send an image of their signed proxy and remote voting card via WhatsApp (to +34 682 333 782) or Telegram (to the Junta Iberdrola account ). * Additionally, an email address, junta2025@iberdrola.es , has been set up for shareholders who prefer to send their signed cards through this channel. * Shareholders who wish to vote by phone can do so by calling the toll-free number 900 100 019. * Finally, the company has set up in-person service points in Bilbao, Madrid, Valencia, Valladolid, and Zaragoza, where shareholders can delegate and vote until Thursday, 29th May. As additional incentives, a bathrobe will be given as a gift to shareholders who visit the in-person service points, and 30 electric bicycles will be raffled among those who participate via the corporate website or the telephone channel. Moreover, the company makes information available to its shareholders continuously and promotes their ongoing engagement throughout the year through the Shareholder Office and an interactive app for members of the OLA Shareholder Club. Additionally, in-person and virtual meetings are held with shareholders in various cities across Spain throughout the year to foster ongoing dialogue, address their concerns, gather their suggestions, and provide them with information about the company. READ MORE
