Company news - Iberdrola

01/04/2025 - 07:12 UTC +02:00

Iberdrola sells Maine Natural Gas for nearly $90 million to the US energy company Unitil Iberdrola has sold 100% of the US company Maine Natural Gas (MNG) to Unitil, a public energy holding company with business in Maine, New Hampshire, and Massachusetts. The operation is valued at approximately $90 million (subject to closing adjustments). MNG's assets include 231 miles of pipelines and serve about 6,000 customers. This transaction reinforces Iberdrola's strategy focused on the sale of non-strategic assets, portfolio optimisation with value creation, capital discipline, and structure simplification of its structure. MNG is a small gas business, non essential for Iberdrola, so it was outside the company's strategic scope. With this divestment, the company focuses its investment on the U.S. electricity grids, which account for 80% of the company's business in the country. The transaction is pending the usual authorization processes in this type of transaction but is expected to close by the end of the year. Alliances for Growth In recent years, the company has pursued a strategy of alliances and divestments to accelerate its growth and drive the electrification of the economy while maintaining its financial strength. In addition to the agreement with Kansai a few weeks ago to accelerate electrification in different countries, the company chaired by Ignacio Galán has completed the following transactions in recent months: * It completed the sale of the Baixo Iguaçu hydroelectric plant. * It allowed Kansai to participate in the German Windanker offshore wind project valued at €1.28 billion. * It acquired the British distributor ENW for €5 billion. * It completed the merger with Avangrid , after acquiring the 18.4% stake it did not control to strengthen its electricity grid business in the US. * It sold more than 8,400 MW of gas-fired combined cycle plants in Mexico in February 2024 for $6.2 billion. * In December 2023, Iberdrola closed a strategic agreement with Masdar to co-invest up to €15 billion in offshore wind and green hydrogen in Germany, the United Kingdom, and the United States. * In September 2023, the company signed a €430 million partnership with GIC to expand transmission networks in Brazil . * 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 a partnership with Norges Bank to co-invest in renewables , which, after expansion, will reach 2,500 MW. * Iberdrola and MAPFRE have continued to advance their strategic alliance by adding 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 strengthen its offshore wind portfolio { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola sells Maine Natural Gas for nearly $90 million to the US energy company Unitil", "description": "This transaction reinforces Iberdrola's strategy focused on the sale of non-strategic assets, portfolio optimization with value creation, and capital discipline.", "image": "https://www.iberdrola.com/documents/20125/4075235/torre-iberdrola-726x484.jpg", "datePublished": "01.04.2025 - 07:12 UTC +02:00", "dateModified": "01.04.2025 - 07:12 UTC +02:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/Iberdrola-sells-Maine-Natural-Gas-USD-90-million-energy-company-Unitil", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE

28/03/2025 - 12:30 UTC +01:00

Iberdrola’s contribution to the public coffers up by 8%, to over €10.3 B in 2024 Iberdrola has consolidated its position as one of the companies that contributes most to taxation in the countries in which it operates . In a record year for investments – which reached €17 B as a result of the growth in demand in all markets – the company's tax contribution has also reached historic levels. It increased by 8% to more than €10.3 B in 2024. This amount doubles the group's net profit and is equivalent to the contribution of more than €28 M per day in taxes, i.e. €1.2 M every hour. The positive impact on society of the activity of the electricity company chaired by Ignacio Galán is reflected both in its commitment to the economy’s electrification, which drives the economy and jobs, and in its tax contribution. The contribution to the public coffers in the more than 25 countries in which the electricity company operates has exceeded €50 B in the last six years. The Group is subject to more than 70 electricity taxes worldwide, the vast majority of which are in Spain, where it is subject to 40 electricity taxes, 26 of which are regional. Overall, taxes and charges affecting the income statement, excluding corporate income tax, account for 111% of net operating expenses, a very striking figure compared to the same percentage in the rest of the world (49%). Iberdrola's total contribution by country is led by Spain (€4.313 B), followed by Brazil (€2.428 B), the United States (€1.292 B), the United Kingdom (€1.260 B) and Mexico (€442 M). The rest of the countries contributed €565 M. The company as an engine of wealth Iberdrola is aware of the importance and contribution of taxation, as the taxes paid by the group in the countries and territories in which it has a presence generate a significant job- and wealth-creation effect in the regions. The company contributes with its activity to the creation of wealth and prosperity wherever it operates. Its contribution to world GDP is more than €52 B, 14% more than in the previous year, of which nearly €17.5 B correspond to Spain, while its global workforce totals 42,200 people, generating nearly 500,000 jobs directly, indirectly and induced around the world. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola’s contribution to the public coffers up by 8%, to over €10.3 B in 2024", "description": "The group's tax contribution has almost doubled its net profit and brings in €1.2 M every hour.", "image": "https://www.iberdrola.com/documents/20125/4979284/Torre-iberdrola-arbol-726x484.jpg", "datePublished": "2025-03-28T12:14:00+01:00", "dateModified": "2025-03-28T12:14:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-contribution-to-the-public-coffers-up-by-8-per-cent-to-over-103-billion-euro-in-2024", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE

28/03/2025 - 08:00 UTC +01:00

Iberdrola opens its channels today for remote participation in the General Shareholders' Meeting Iberdrola begins its campaign for remote participation in the 2025 General Shareholders' Meeting , which it plans to hold on Friday, 30 May, at first call. The company has called its meeting more than two months in advance, doubling the legal minimum period of one month, to encourage its hundreds of thousands of shareholders to participate. On 25 March, the Board of Directors updated the shareholder engagement policy, which was pioneeringly approved 10 years ago. This policy, focused on small investors, seeks to make it easier for all its shareholders to participate in its business project by promoting transparency, active listening and effective disclosure of its activities on an ongoing basis throughout the year. The General Meeting – which Iberdrola is holding when it has a record high stock market value of over €90 B – will submit to its shareholders the approval of the results for the 2024 financial year, in which the company invested €17 B and increased its net profit by 17% to €5.612 B. The agenda also includes the proposed distribution of a final dividend of €0.404 gross per share, which, added to the €0.231 interim dividend paid in January, would bring the total distribution to hundreds of thousands of savers who invest in the company to €0.635 per share, 15% more than last year. In addition, Iberdrola proposes, for the fourth consecutive year, an additional dividend of €0.005 gross per share (one euro gross for every 200 shares) to be paid to all shareholders entitled to participate if a quorum of at least 70% of the share capital is reached. Participation channels All Iberdrola shareholders will be able to participate in the meeting through a wide range of channels as long as they have at least one share registered in their name on 23 May. * Shareholders who are members of the OLA Shareholder Club will receive a company card with a personalised QR code to vote quickly and easily over the website https://votojunta.iberdrola.com/ . Club members will also be able to participate by simply entering their share number or Club password on the same website. * This website will also be available to all shareholders, whether or not they are members of the Club, using their electronic signature or share number. * You can also vote using instant messaging systems. To do so, shareholders will just have to send an image of their signed proxy and remote voting card by WhatsApp (to +34 682 333 782) or by Telegram (to the Junta Iberdrola account). * The e-mail address junta2025@iberdrola.es was opened for shareholders who prefer to send their signed cards over this channel. * Shareholders who prefer to exercise their voting rights by telephone may do so by calling the toll-free number 900 100 019. * For those who wish to use the postal service, Post Office Box 1.113, 48080 Bilbao, has been opened, to which they can send their signed card. * The company will also make available to its shareholders service offices in Bilbao, Madrid, Valencia, Valladolid and Zaragoza where they can delegate and vote from Wednesday 21 May until Thursday 29 May. As an additional incentive, a gift will be given to shareholders who come to the customer service offices and 30 electric bicycles will be raffled among those who participate over the corporate website or over the telephone. Deadlines and permanent meeting All shareholders who wish to exercise their proxy or remote voting rights must do so through one of the channels above before 11:59 p.m. on 29 May, the day before the meeting. Shareholders and proxy holders who wish to attend the meeting electronically have to register between 8:00 a.m. and 10:15 a.m. on 30 May (date scheduled to hold the meeting). To expedite registration on the day of the meeting, you can register in advance on the Participation Portal on the website. If you prefer to attend in person, reserve a seat over the Shareholders' Office or the website before 10:15 a.m. on the day of the meeting. In addition to participation in the General Meeting and in line with its engagement policy, the company makes information permanently available to shareholders and encourages their continuous involvement throughout the year through the Shareholders' Office and an interactive application for members of the OLA Shareholders' Club. In addition, face-to-face and online meetings are held with shareholders in different cities in Spain throughout the year to foster ongoing dialogue, answer any questions, receive any suggestions and provide information about the company. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola opens its channels for remote participation in the General Shareholders' Meeting today", "description": "The company will all shareholders an additional dividend of 1 euro per 200 shares (0.005 euro gross per share) if a quorum of at least 70% of the share capital is reached..", "image": "https://www.iberdrola.com/documents/20125/5073866/JGA25-726x484-ES.jpg", "datePublished": "28.03.2025 - 08:00 UTC +01:00", "dateModified": "28.03.2025 - 08:00 UTC +01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-shareholders-channel-participation-general-shareholders-meeting", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE

27/03/2025 - 15:47 UTC +01:00

Paddy Young, director of Enlit, and Mario Ruiz-Tagle, CEO of Iberdrola Spain, in Valencia

Iberdrola hosts the Enlit on the Road conference in Valencia Iberdrola has promoted the celebration in Valencia of Enlit on the Road , a meeting that connects companies, industries and suppliers through digitalisation, energy transition and electrification , organised by Enlit Europe, with the Energy Cluster of Valencia, institutions and companies in the industry. The economy’s electrification is synonymous with competitiveness and investment opportunities and it provides energy autonomy, safety, economic and industrial growth and quality jobs. It’s important to have strong and resilient energy to be able to face the convulsive climate and international scenario. Smart grids are essential for bringing clean and competitive energy to families and companies safely and reliably. Enlit is a global forum dedicated to addressing all aspects of the energy transition. Enlit Europe is the main event of the year and its location moves around the continent. In 2022, it was held in Frankfurt, in 2023 in Paris, in 2024 it was held in Milan, and in 2025 it will be held in November in Bilbao, Spain. You can read the full story in the Communication Room of Iberdrola Spain. READ MORE

26/03/2025 - 13:17 UTC +01:00

IKEA and Iberdrola bring clean solar energy to customers in Portugal IKEA and Iberdrola Portugal have teamed up to provide access to clean energy solutions and help customers save on their energy bills in Portugal. This partnership reflects both brands' commitment to electrification and the choice of affordable yet environmentally-friendly solutions. Through this partnership, IKEA Family members will have access to exclusive discounts on the purchase of solar energy solutions from Iberdrola Portugal. Iberdrola Portugal has created an ecosystem of solutions to consume energy from 100% renewable sources, guaranteeing savings and increasing energy efficiency, with clean electricity plans, solar energy solutions, electric mobility and additional assistance and maintenance services. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "IKEA and Iberdrola bring clean solar energy to customers in Portugal", "description": "IKEA and Iberdrola Portugal have teamed up to provide access to clean energy solutions and help customers save on their energy bills in Portugal. ", "image": "https://www.iberdrola.com/documents/20125/5067401/ikea-e-iberdrola-portugal-726x484.jpg", "datePublished": "26.03.2025 - 13:17 UTC +01:00", "dateModified": "26.03.2025 - 13:17 UTC +01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/ikea-iberdrola-bring-clean-solar-energy-customers-portugal", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE

25/03/2025 - 17:42 UTC +01:00

25/03/2025 - 10:04 UTC +01:00

Iberdrola meets with minority shareholders in Bilbao to outline its business strategy Iberdrola its round of meetings with retail shareholders continued this afternoon in Bilbao, Spain at a meeting at Torre Iberdrola . The mission of this initiative is to promote a permanent, fluid and close dialogue with shareholders, who are at the core of Iberdrola's strategy. On this occasion, Ignacio Cuenca, Iberdrola's Director of Investor Relations, met with shareholders to present the company's balance sheet for the past year and the outlines of its future strategy. In 2024, the company recorded record figures for results, dividends, social contribution and market capitalisation, with more than €90 B, consolidating its position as the leading electricity company in Europe and second in the world. Later on, Iberdrola will hold other meetings with a focus on different business areas that will be attended by other top-level executives. The first meeting was held on 28 January in Valencia , where Eva Mancera, CEO of i-DE, Iberdrola Group’s distribution company, and Guillermo Raga, director of i-DE in the Eastern Region, explained the il.lumina plan to more than fifty Valencian shareholders, in which Iberdrola will invest €100 M to redesign the electricity distribution network damaged by the cold drop on 29 October. The meetings are held in person and are broadcast live on Shareholder Event . 365 engagement and participation policy These initiatives are part of the shareholder engagement policy, approved by the Board of Directors 10 years ago and included in the Articles of Association, with a special focus on small investors. Iberdrola was a pioneer in introducing this strategy in company management, which seeks to involve all its stakeholders in its business project, based on transparency, active listening and effective disclosure of its activities. Shareholders can keep in touch with the company 24 hours a day, 7 days a week, 365 days a year through the OLA Shareholders' Club. Any question, query, initiative or proposal made over the website – confidentially or openly to other shareholders – is answered within 48 hours. You can register for the OLA over its website The electricity company also has other means to communicate with its investors, such as the free telephone 900 10 00 19, by post (Oficina del Accionista, c/ Tomás Redondo, n.º 1, 28033 Madrid) or by e-mail (accionistas@iberdrola.com). Shareholders need only provide their full name and ID card number. Iberdrola was one of the first listed companies to offer its investors a Shareholders' Club to promote this permanently open relationship channel and to reward, with exclusive advantages, all persons who have shown their support and trust in the company's track record. Over the years, this initiative has consolidated to be deemed a best practice by the rest of the large listed companies on the Spanish stock exchange. Dividend, key to the strategy Iberdrola is fully committed to its shareholders and dividends are considered a key element. The company has proposed paying a gross dividend of €0.635 per share against the 2024 financial year, reaching the target set for 2026 and 15% more than the €0.553 per share paid out against the 2023 financial year. To this amount will be added the participation dividend once approved at the General Shareholders' Meeting and if the quorum for participation is reached. One of the characteristics most valued by analysts is the company's profitability. Since 2001, the Iberdrola share has increased in value from €3.5 to over €14 and has distributed more than €7.7 in dividends. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola meets with minority shareholders in Bilbao to outline its business strategy", "description": "Europe's largest electricity company in terms of stock market value and the second largest in the world with a market cap of more than €90 B met with shareholders this afternoon at Torre Iberdrola ", "image": "https://www.iberdrola.com/documents/20125/5057714/Iberdrola-Encuentro-con-accionistas-Bilbao762+x+508.png", "datePublished": "25.03.2025 - 10:04 UTC +01:00", "dateModified": "25.03.2025 - 10:04 UTC +01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-meets-with-minority-shareholders-bilbao-business-strategy", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE

24/03/2025 - 14:29 UTC +01:00

His Majesty King Felipe VI, King of Spain, presents the Iberdrola Scholarships

His Majesty King Felipe VI, King of Spain, awards the Iberdrola Scholarships The commitment to new generations’ educational excellence, talent and employability was the central focus of the award ceremony for the company’s scholarships for 2024–2025, which was presided over this morning by His Majesty King Felipe VI at the Iberdrola Campus in San Agustín de Guadalix (Madrid). With this programme, Iberdrola Group, of which Iberdrola España forms part, seeks to identify, promote and incorporate highly skilled young people in areas such as electrification through electricity grids , renewable energies and storage, digitalisation and AI, all of which are essential to achieve a more secure, self-sufficient, competitive and sustainable energy model. The event, which was also attended by the Spanish Minister for Science, Innovation and Universities, Diana Morant, included a lecture by professor Jarillo-Herrero, a researcher at the Massachusetts Institute of Technology, one of the internationally prestigious centres affiliated with the Iberdrola Universities Programme (Iberdrola U), along with Yale and Harvard in the United States, Oxford and Strathclyde in the United Kingdom, the University of Salamanca and the Pontificia Comillas University in Spain, the Tecnológico de Monterrey in Mexico, the University of Qatar, and the University of Queensland in Australia. Ignacio Galán, chairman of Iberdrola, stressed the importance of creating bridges between education and employability, especially in sectors of strategic importance such as energy, and thanked His Majesty the King for his continued support for this initiative. ‘Every year, around 13,000 people pass through this centre to adapt to new technologies. In this way, they can continue working, transferring knowledge and providing a service to a society that increasingly demands more electricity, better services and more skills. This is what we intend to do with these scholarships, with which we ensure that the best people always have all the means to be able to develop’, he said. In the last three years alone, more than 400 people have benefited from the Iberdrola International Scholarship Programme, and many of them have joined the company's team. This initiative is also part of a comprehensive commitment to young talent, which has led Iberdrola Group to onboard more than 30 k young people in the last decade. These programmes are: * Iberdrola International Master's Scholarships: This programme drives education in strategic areas to transform the energy industry, such as engineering, mathematics, digital marketing, environmental sciences and big data at universities in Spain, the United Kingdom and Mexico, to add the very best talent to the company. * Energy for Future: This is an initiative aimed at postdoctoral researchers to add to knowledge and innovation and thus contribute to the growth of an energy development model based on electrification. These grants last for three years and are carried out in collaboration with 15 prestigious international universities. * Iberdrola Fulbright Scholarships: These scholarships offer postgraduate training for two years at universities in the United States in key areas for sustainable energy and technological development. * Fundación Carolina Scholarships: Aimed at students who have already graduated from Latin America and Portugal and who are seeking to deepen their energy and environmental specialisations at Spanish universities. * ICAI Scholarships: Supporting high-potential, high-achieving undergraduate students with a focus on energy disciplines. Likewise, diplomas have been awarded for other specialised training and employability programmes: * Restoration Scholarships at the Prado National Museum and the Bilbao Fine Arts Museum, which, with a duration of two years, are aimed at young specialists in the conservation of artistic heritage and restoration. * ADOP scholarships, which, through university and postgraduate training, accompany Paralympic athletes in their transition to a professional career outside the field of sport, in collaboration with the Spanish Olympic Committee. * Start by Educating (STEM 4 GRLS) scholarships, which train educational leaders to generate real impact in vulnerable environments and foster scientific and technological vocations among girls. Committed to its workers Iberdrola Group considers talent a strategic foundation of the company and is firmly committed to offering quality jobs and ongoing training. It is recognised as one of the best companies to work for in the world and recently received the international ‘Top Employer: Large Enterprise 2025’ seal. READ MORE

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