News
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16/05/2025Iberdrola Italia inaugurates a new photovoltaic plant Iberdrola Italia, Iberdrola's international business company in Italy, inaugurates its third photovoltaic plant in Tarquinia (Italy) with the aim of boosting the production of clean energy to promote the industrial electrification of the country. With a capacity of 33 MW and a production of around 50 GWh of solar energy per year, supplied by the 50,000 photovoltaic panels installed, the new plant will meet the needs equivalent to the consumption of 18,000 families, avoiding the emission into the atmosphere of more than 15,000 tonnes of CO2 per year. This new facility is a clear example of Iberdrola's commitment to biodiversity and integration with the environment, including in the project the planting of an olive grove with 1,350 olive trees, which will provide additional income to local communities. You can read the full news in the Iberdrola Italy Newsroom. READ MORE
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16/05/2025 - 11:00 UTC +02:00Ignacio Galán attends state dinner with the Emir of Qatar and Donald Trump Ignacio Galán, Executive Chairman of Iberdrola , attended the state dinner hosted by the Emir of Qatar in honour of the visit of the President of the United States, Donald Trump. This event brought together a select group of business and political leaders, highlighting the importance of international relations and collaboration between nations. During the dinner, Galán reaffirmed Iberdrola's commitment to the United States , the company's main destination for investments. In the last 20 years, Iberdrola has invested $50B in the US and plans to add another $20B by the end of the decade to modernise, expand and digitise grid infrastructures. The company also has 10,500 MW in operation in the generation business. The relationship between Iberdrola and Qatar dates back to 2011, when the Qatar Investment Authority became the company's largest shareholder. Since then, the two organisations have collaborated on various initiatives, including a research and development centre in Qatar focused on smart grids and digitalisation. This strategic partnership has strengthened Iberdrola's position as a leader in the global energy sector. READ MORE
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15/05/2025Iberdrola signs agreement to acquire the electricity business of Electra del Maestrazgo Iberdrola has taken another step in expanding its networks business in Spain by acquiring the distribution, supply, and energy generation operations of Electra del Maestrazgo, a family-run utility based in Castellón. The company manages 1,350 km of medium- and low-voltage power lines, 21,000 supply points, 19,000 retail customers, and 6.8 MW of installed capacity from photovoltaic and hydroelectric generation plants. These assets will be integrated into Iberdrola’s operations, enhancing its presence and activities in the region. With this acquisition, Iberdrola reinforces its commitment to energy efficiency in the provinces of Castellón and Teruel. The transaction is aligned with Iberdrola’s strategic plan , which places a stronger emphasis on the electricity networks business. In response to increasing electrification demands, the company has committed to investing more than €13 billion in networks between 2025 and 2026. The company aims to reach €51 billion in regulated network assets by the end of this year, up from €49 billion reported in the first quarter. The transaction is subject to approval by the CNMC (National Commission on Markets and Competition) before completion. READ MORE
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14/05/2025 - 16:17 UTC +02:00Neoenergia and the Federal Government of Brazil sign an agreement to provide 100% renewable energy to the Palace of Alvorada Neoenergia, Iberdrola's subsidiary in Brazil , in partnership with the Federal Government of Brazil, and through the Civil House, the Ministry of Mines and Energy (MME), and the Presidency of the Republic, will begin this month the installation of a solar photovoltaic plant at the Palace of Alvorada, the official residence of the President of the Federative Republic of Brazil. Since March 2021, Neoenergia has been implementing strategies to reduce the environmental impact of public buildings and promote the sustainable use of energy. Institutions such as the Federal Police, the Air Force, the Army, the University of Brasilia, and the Federal Supreme Court already have renewable energy generation systems in place. New partnerships are planned for 2025, including with the National Justice Council. You can read the full news in Neoenergia's Communication Room. READ MORE
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12/05/2025 - 11:35 UTC +02:00UK Secretary of State for Energy visits ScottishPower training center The UK Secretary of State for Energy, Michael Shanks, visited ScottishPower Energy Networks ' network training centre in Dealain House, where he was welcomed by ScottishPower CEO Keith Anderson and ScottishPower Energy Networks CEO Nicola Connelly. During the visit, Shanks was accompanied by John Flint, CEO of the National Wealth Fund, and had the opportunity to meet the electricians who are preparing to work on the UK's largest grid modernisation project. READ MORE
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09/05/2025 - 13:54 UTC +02:00Iberdrola sells 100% of its smart metering business in the United Kingdom for 1,060 million euros Iberdrola has signed an agreement with Macquarie, a global financial services group headquartered in Australia, to sell 100% of SP Smart Meter Assets Limited (SPSMAL). According to the terms of the transaction, the valuation of SPSMAL amounts to approximately 900 million pounds (1,060 million euros at current rates). The transaction, which is subject to approval by the United Kingdom’s competition authority, is expected to complete in the third quarter of 2025. SPSMAL, based in the United Kingdom, currently manages 2.7 million meters. Macquarie is currently one of the largest providers of independent electricity meters in the UK. Established in 2003, its meter business currently manages more than 10 million meters in total, including 7.5 million smart meters and 2.5 million traditional meters across Great Britain. It has provided more than £1.5 billion in funding to assist with Britain’s smart meter rollout. By the end of 2024, 38 million smart meters were installed in British homes and small businesses with support from the Smart Meter Rollout Programme, led by the UK energy regulator (Ofgem). Alliances to growth The transaction is part of Iberdrola's strategy of rotating non-strategic assets. In fact, in accordance with its Strategic Plan 2024/2026, Iberdrola already exceeds 10,000 million euros in alliance and divestment operations. This transaction is the second largest divestment in Iberdrola's history after the sale of the combined cycle plants in Mexico in 2024. The alliance policy is Iberdrola's strategy to accelerate its growth and promote the electrification of the economy while maintaining its financial strength. In fact, in recent months it has closed the following alliances: * A few days ago, Iberdrola closed its offshore wind alliance with Kansai with the investment of 1,280 million euros in the Baltic. * Iberdrola has extended its alliance with GIC, the Singaporean fund, in Brazil and has sold 50% of Itabapoana. * It has closed the sale of Maine Natural Gas for about$90 million to the U.S. energy company Unitil. * It has carried out the sale of the Baixo Iguaçu hydroelectric power plant. * It has bought the British distributor ENW in a deal valuing the company at 5,000 million euros * It has closed the merger with Avangrid , after the acquisition of the 18.4% that it did not control to strengthen the electricity grid business in the US. * In February 2024, it sold more than 8,400 MW of combined cycle gas in Mexico for $6,200 million. * In December 2023, Iberdrola closed the strategic 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 April 2023, the company closed an alliance with GIC for the expansion of transport networks in Brazil for 430 million euros. * 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. * In January 2023, it signed an alliance with Norges Bank to co-invest in renewables that, after its expansion, will reach 2,500 MW. * 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 Partners to co-invest in the Wikinger offshore wind farm and boost its offshore wind portfolio. READ MORE
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08/05/2025 - 18:27 UTC +02:00National Wealth Fund backs Scottish Power to boost UK grid upgrades The National Wealth Fund (NWF) has today announced a £600m commitment to ScottishPower, Iberdrola’s subsidiary in the UK, to upgrade the British power grid supporting hundreds of jobs and helping to pave the way for a new era of clean electricity. The investment forms part of a €1.6bn financing package, led by Bank of America as Sole Debt Arranger and including Bank of America, Bankinter, BNP Paribas, Caixabank, Lloyds Bank, NatWest and Banco Sabadell as lenders. NWF’s financing will ensure the swift deployment of capital needed to deliver seven of ScottishPower’s priority transmission grid upgrade projects. These projects will help to facilitate more renewable energy onto the system, reduce congestion costs, lower the cost of electricity for businesses and consumers, and unlock growth across the UK. The scale of investment required to upgrade the UK electricity grid in support of the Government’s Clean Power 2030 Action Plan is significant. In its independent advice to the Government on the pathway towards the 2030 ambition , the National Energy System Operator (NESO) estimates more than €70 billion investment is required in the years to 2030 to support the delivery of a clean power system. You can read the full story at the ScottishPower Press Room . READ MORE
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08/05/2025 - 17:00 UTC +02:00Iberdrola España and Renault Group sign strategic MOU to promote electromobility Iberdrola España , the Iberdrola subsidiary in Spain, and Renault Group are strengthening their relationship through the signing of a Memorandum of Understanding (MOU) that establishes new strategic lines of collaboration between the two companies to drive the energy transition and electromobility in Spain. The agreement includes pioneering decarbonisation and energy efficiency projects, the promotion of sustainable and accessible mobility with a unique offer for customers of both companies and the development of technologies and infrastructure for recharging points. In order to promote energy efficiency, the partnership between the two companies will promote technological innovations and advanced energy solutions, such as long-term renewable energy contracts (PPAs), renewable self-consumption, energy storage and electrification, and green hydrogen for industrial processes. Both companies will also collaborate in the development and deployment of Smart Charging technologies to optimise electric charging management, including feeding electricity from the vehicle to the grid or the ability to power the customer's home with the vehicle's power. Customers will be able to extend these benefits and reduce their energy bills through Iberdrola España's Advanced Smart Assistant (ASA), which promotes smart vehicle charging, adapting to the type of home and the characteristics of the electricity system. This agreement joins the PPA signed by Iberdrola España and Renault Group for the long-term supply and consumption of 282 MW of renewables at the carmaker's plants in Spain, as well as a partnership agreement to promote the accessibility of electric vehicles to the public with an €800 discount on the purchase of any Renault Group brand car through the energy saving certificates. You can read the full story at Iberdrola España's Media Room . READ MORE
