News
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06/02/2026 - 10:56 UTC +01:00ScottishPower recognised by regulator Ofgem for its strong performance and leadership in the sector The distribution businesses of ScottishPower, a subsidiary of the Iberdrola Group in the United Kingdom , ScottishPower Energy Networks (SPEN) and ScottishPower Electricity North West (SP ENW), have ranked first and second, respectively, in the reliability assessment carried out by the energy regulator Ofgem (Office of Gas and Electricity Markets). Ofgem’s annual report evaluates individual distribution network operators (DNOs) across a range of areas, including reliability, customer service, environmental performance, innovation and expenditure. Both companies also ranked among the top three for customer satisfaction, including support for vulnerable customers, reflecting their strong performance and continued improvement. SPEN and SP ENW plan to invest more than £5 billion in electricity networks across the region between 2023 and 2028, with the aim of continuing to deliver a modern, resilient and reliable electricity network for their customers and communities. You can read the full story in the ScottishPower Energy Networks media room. READ MORE
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05/02/2026 - 10:56 UTC +01:00Iberdrola boosts electrification in Australia with two new storage projects in New South Wales The Iberdrola Group is making progress in its drive for electrification in Australia with two new energy storage milestones in the state of New South Wales. The company has been awarded a long-term contract from the state government for the Kingswood battery (100 MW) and has officially opened the Smithfield facility (65 MW), with the assistance of the state's Energy Minister, Penelope Sharpe. Both projects strengthen the integration of renewables, increase grid flexibility, improve availability and efficiency of supply and contribute, in general, to a more self-sufficient, secure, competitive and sustainable energy system. The Kingswood project will reach 1,080 MWh of storage. It will be able to supply energy for at least eight consecutive hours and supply some 65,000 homes at peak demand times. The New South Wales Department of Planning, Housing and Infrastructure recommended approval on 22 December 2025 and the project continues to be assessed by the Independent Planning Commission. This initiative has been selected for a Long-Term Energy Service Agreement ( LTESA) from the Government of New South Wales, within the sixth round of auctions, within the framework of the State Executive's Roadmap for Electric Infrastructure. In addition, Iberdrola Australia has inaugurated the Smithfield battery (130 MWh of storage) in the west of Sydney. The project has been completed ahead of schedule and also has an LTESA contract, awarded in round 2 of the same state program. It can supply 20,000 homes. Australia is a strategic market for the Iberdrola Group, which is committed to energy storage as a key element in accelerating electrification and strengthening reliability of supply and price stability. Its subsidiary Iberdrola Australia has established itself as one of the country's leading renewable energy operators, with more than 2,000 MW of generation capacity in operation or under construction, supplying clean energy to approximately 400 commercial and industrial customers. As part of its 2025-2028 strategic plan, Iberdrola foresees total investments of more than €1 billion in Australia, a country with a AAA credit rating, focused on key businesses and markets that offer stability and predictability. READ MORE
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04/02/2026 - 16:19 UTC +01:00The Labraza wind farm will be the first in the Basque Country with citizen participation and pioneering environmental technologies Aixeindar, the company created by Iberdrola España , a subsidiary of the Iberdrola Group in Spain, and the Basque Energy Agency of the Basque Government to promote new renewable projects in the Basque Country, is making progress in the construction of the Labraza wind farm, located in the municipality of Oion in Álava. The Labraza wind farm will be the first in the Basque Country with citizen participation and pioneering environmental technology. In addition to the creation of new jobs and the municipal income it will generate, the municipalities of Labraza and Barriobusto will have a special energy price tariff once the renewable infrastructure is up and running. The Labraza wind farm will be the first to be launched in the region since 2006, with an investment of €59 million, in an operation that represents a boost for the Basque wind industry supply chain, a sector in which the Basque Country is the market leader. This 40 MW project will generate 100% green energy , supplying 30,000 homes and preventing the emission of 16,300 tCO2 into the atmosphere. You can read the full story in the Iberdrola España Media Room. READ MORE
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03/02/2026Iberdrola commissions two new power plants in the United States Iberdrola has brought two new power plants in Wasco County, Oregon, into commercial operation through Avangrid, its U.S. subsidiary . The facilities — Daybreak Solar, with 189 MWdc, and Bakeoven Solar, with 80 MWdc — together add 269 MWdc of new locally generated capacity at a time of growing electricity demand across the country. These new generation facilities , which are already supplying electricity to the local utility Portland General Electric (PGE), participate in a state programme designed to maximise access to newly built energy for large municipal, industrial and commercial customers, such as the technology company Intel. The programme enables large customers to secure new energy supplies in a flexible and competitive manner. Thanks to these projects and other facilities under development, Avangrid maintains its position as the programme’s leading energy supplier. The commissioning of these two power plants supports local economic development and job creation in Oregon and reinforces Iberdrola’s commitment to the United States, where the Group has €49.4 billion in assets and plans to invest €16 billion by 2028. Iberdrola currently serves a population of nearly 10 million people in the United States through its transmission and distribution networks New York, Maine, Connecticut and Massachusetts, and has 80 generation facilities with a total installed capacity of nearly 11,000 MW. READ MORE
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03/02/2026 - 16:05 UTC +01:00Sphere Energy Connect, ScottishPower's new independent network operator, obtains distribution licence from Ofgem Sphere Energy Connect, the new independent distribution network operator of ScottishPower, a subsidiary of the Iberdrola Group in the United Kingdom , has reached a key milestone with the granting of a licence by the UK regulator, Ofgem. Through a customer-focused proposal designed to facilitate commercial relations, the new company continues to move towards full operation. This initiative, which aims to complement ScottishPower's comprehensive electricity offering, arose from the Group's Her Energy programme to promote and raise the profile of female leadership through high-impact business projects. Since then, Sphere Energy Connect has been established as a new legal entity, with a dedicated team of ScottishPower professionals, including three members of the original team. Sphere will focus on the last mile of the electrical network , a crucial segment that closes the circuit of the UK's electrical network by covering the final stretch from the distribution infrastructure connecting local transformer stations or substations to the point of electricity consumption. You can read the full story in the ScottishPower Media Room. READ MORE
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02/02/2026 - 16:53 UTC +01:00Iberdrola signs contract for new submarine electricity interconnector between Scotland and England The Iberdrola Group, through its UK subsidiary SP Energy Networks , has awarded Prysmian a contract worth €2.3 billion to manufacture the cable for the Eastern Green Link 4 submarine interconnector , a key electrical infrastructure for the future of the UK energy system. The new link, with a capacity of 2,000 MW, will connect Fife in Scotland with Norfolk in England using high-voltage direct current (HVDC) technology. It is scheduled to come into operation in 2033 and will enable the transmission of enough renewable energy to supply more than 1.5 million homes. Eastern Green Link 4 will strengthen the country's ability to transfer electricity between regions, reduce constraints on electrical networks and increase security of supply. It will also facilitate the integration of new clean energy sources and support industrial development and economic growth. Prysmian will manufacture more than 640 kilometres of cable for this project, including 530 kilometres of HVDC submarine cable and more than 116 kilometres of underground cable. This technology allows large volumes of energy to be transported over long distances with maximum efficiency, a decisive factor in advancing towards national clean energy generation targets. Planning applications for the project, developed by SP Energy Networks and National Grid Electricity Transmission, will be submitted in Scotland and England throughout 2026. Following approval by the Secretary of State for Energy Security and Net Zero Emissions, construction is expected to start in 2029 and the interconnector is expected to come on stream in 2033. SP Energy Networks and National Grid are also working on Eastern Green Link 1, another 2,000 MW link whose construction began in 2025 and which will connect Torness in Scotland with Hawthorne Pit in England. In December 2025, the regulator Ofgem authorised ScottishPower to invest around €14 billion in the modernisation and expansion of the electrical networks in central and southern Scotland. ScottishPower will build two submarine links using HVDC technology, Eastern Green Link 1 and Eastern Green Link 4, which will connect Scotland and England via the east of the British Isles. In addition, the Western Link 2 project, still in the study phase, will connect Scotland and Wales via a submarine link to the west of the country. These actions will be rolled out until 2031 and triple the investment allocated in the previous regulatory period. With these initiatives, Iberdrola is moving forward in line with the electrification targets set by the British Government in its 'Clean Power 2030 Plan'. Iberdrola's commitment to the United Kingdom The United Kingdom is one of the Iberdrola Group's strategic markets. The company plans to invest €20 billion until 2028, focusing primarily on the development and modernisation of distribution networks and renewable energy projects. In this way, the company is helping to strengthen the country's energy security and autonomy and promote a more sustainable and competitive system. READ MORE
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02/02/2026 - 10:20 UTC +01:00Iberdrola and Norges Bank Investment Management’s co-investment alliance reaches 1,500 MW of renewable installed capacity Iberdrola and Norges Bank Investment Management have reached 1,500 megawatts (MW) of renewable capacity in operation through their strategic alliance. This new contribution includes the Caparacena (330 MW) and Ciudad Rodrigo (316 MW) photovoltaic plants, located in Granada and Salamanca (Spain). As with previous additions to the co-strategic long-term alliance, Iberdrola will retain a 51% majority ownership in these assets. With these contributions, the companies continue to strengthen their over €2 billion co‑investment partnership in Spain and Portugal. Therefore, additional assets currently in advanced stage of construction are expected to be contributed in the near future to the joint venture, which was created in 2023 to accelerate electrification with an initially focused on Iberia, but with the potential to expand into other geographies. Specifically, Caparacena and Ciudad Rodrigo already produce clean energy to supply more than 800,000 people a year in the region of Granada and Salamanca and contributes to avoiding the emission of 85,000 tonnes of CO2. A long-term partnership Norges Bank Investment Management has assets under management of around €1.7 trillion and stakes in more than 9,000 companies worldwide, averaging 1.5% of all listed companies globally and 2.5% across Europe. Norges Bank Investment Management has been one of Iberdrola's largest shareholders for more than seven years, with a stake of close to 3%. Building on this longstanding relationship, Norges Bank Investment Management joined forces with Iberdrola to make its first direct investment in renewable assets in Spain. This partnership brings together two leaders in their sector: Iberdrola, Europe’s largest utility by market capitalisation, and Norges Bank Investment Management, one of the world’s largest sovereign wealth funds. Together, they are reinforcing a long-term strategic alliance that could expand into new renewable opportunities in additional markets. READ MORE
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30/01/2026 - 14:30 UTC +01:00Ignacio Galán in Davos: It is urgent to expand the electricity grid in the face of booming digital and industrial demand El presidente de Iberdrola , Ignacio Galán, ha advertido de la necesidad crítica de ampliar y modernizar las redes eléctricas a escala global para poder responder al rápido crecimiento de la demanda derivada de los centros de datos, la industria y la electrificación de la economía. Así lo ha señalado en una entrevista concedida a The Wall Street Journal con motivo de la celebración del Foro Económico Mundial de Davos . READ MORE
