News
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24/04/2025 - 08:00 UTC +02:00Iberdrola and Kansai close their offshore wind alliance with the investment of 1,280 million euros in the Baltic Sea Iberdrola has closed a strategic agreement with Kansai, Japan's second largest electricity company and one of the largest in Asia, to co-invest in the 315 MW German offshore wind farm Windanker , located in the Baltic Sea. After obtaining all the necessary regulatory approvals, Iberdrola will have a majority stake of 51% in the assets and thus accelerates energy independence in Europe. According to the terms of the operation, the valuation of 100% of this wind farm amounts to around 1,280 million euros. Iberdrola will control and manage the assets, providing operation and maintenance services and other corporate services. In addition, both companies are partners in Electricity North West (ENW) , an electricity distribution company in the United Kingdom, where Iberdrola acquired 88% last October, with the remaining 12% owned by a consortium led by Kansai. Last February, Ignacio Galán, executive chairman of Iberdrola, and Toru Kuwahara, executive vice president of Kansai, announced the expansion of their strategic alliance with the aim of accelerating electrification globally. This collaboration will focus on various power grid and renewable energy projects in different countries Windanker will have 21 wind turbines with a unit capacity of 15 MW and will be operational in the last quarter of 2026. Likewise, the asset has already sold 100% of its production with long-term contracts. The policy of alliances is Iberdrola's strategy to accelerate its growth and promote the decarbonisation of the economy while maintaining its financial strength. In addition to the Kansai Agreement , the company chaired by Ignacio Galán has made the following alliances in recent months: * Iberdrola has expanded its alliance with GIC , the Singapore fund, in Brazil and has sold 50% of Itapaboana. * the sale of Maine Natural Gas for nearly 90 million dollars to the US energy company Unitil * the sale of the Baixo Iguaçu hydroelectric power plant. * the purchase of the British distributor ENW by 5,000 million. * Avangrid merger closed , following the acquisition of the 18.4% stake it did not control to strengthen the electricity grid business in the US. * the sale of more than 8,400 MW of gas-fired combined cycle plants in Mexico in February 2024 for 6,200 million dollars. * the strategic agreement with Masdar to co-invest up to 15,000 million in offshore wind and green hydrogen in Germany, the UK and the US whose first milestone was the agreement for the offshore wind farm Baltic Eagle, in Germany. * In September 2023, the company closed with GIC an alliance for the expansion of networks of transport in Brazil for 430 million euros. * Iberdrola and BP launched a joint venture in March 2023 to deploy 11,700 fast charging points in Spain and Portugal and have set up a Joint venture 50% to develop a 25 MW green hydrogen project, the largest in Spain. * In January 2023 the signing with Norges Bank of an alliance to co-invest in renewables which, after its expansion, will reach 2,500 MW. * Iberdrola and MAPFRE have continued to advance 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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23/04/2025 - 16:43 UTC +02:00Neoenergia Sells 50% of Itabapoana Transmission Neoenergia has reached an agreement to sell 50% of its stake in the Itabapoana transmission asset to GIC. The transaction is valued at R$ 127.5 million, subject to usual adjustments until the transaction is completed. The asset will be contributed to Neoenergia Transmissão, a holding of transmission assets, which has had a 50% stake from GIC, since April 2023. At the end of the transaction, the capital structure of Neoenergia Transmission will continue to be: Neoenergia with 50% and GIC with 50%. The deal is another step in Neoenergia's asset rotation plan, which always seeks to capture the best market opportunities. It also represents the evolution of successful cooperation with GIC bringing more robustness to the group's plans for transmission investments. You can read the full story at the Neoenergia press room . READ MORE
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23/04/2025 - 13:06 UTC +02:00Avangrid extended to its power agreement with CPS Energy in the US Avangrid, Iberdrola's US subsidiary , has extended its long-term power purchase agreement (PPA) with CPS Energy, the country's largest municipal electricity and natural gas utility provider. Under the agreement, the Peñascal wind farm will add an additional 159.2 MW, doubling the contract from 160.8 MW to 320 MW. The additional energy capacity will help supply power to around 40,000 new homes. Avangrid owns and operates seven renewable facilities in Texas, including the recently completed True North Solar project in Falls County. These plants have a combined operating capacity of nearly 1.6 gigawatts (GW), capable of supplying clean energy to approximately 400,000 homes, and have contributed more than $115 M in property taxes over their lifetime. You can read the full story at the Avangrid Press Room. READ MORE
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21/04/2025 - 15:34 UTC +02:00Iberdrola España hits 1,000 solar communities in Spain Iberdrola España , Iberdrola's subsidiary in Spain, has now reached 1,000 solar communities, making self-consumption a reality for more than 100,000 families. In 2015, the company was a pioneer in offering its customers self-consumption. Since more than two-thirds of the country's population lives in high-rise buildings, in 2019, it launched solar communities, a solution that gives any neighbour located less than 2 km from an installation access 100% renewable energy. Iberdrola's solar communities allow you to enjoy all the benefits of solar energy without the need to have photovoltaic panels on your own roofs or rooftops, or to make any investment, as it is the company that is responsible for carrying out the installation and finding the best location. Of the locations with the most Iberdrola solar communities, Madrid is in first place with 170 installations, followed by the Valencian Community (148). Meanwhile, Extremadura, with more than 19,000 families, is the region in which the largest number of households can have access to self-consumption through this solution. The more than 1,000 solar communities implemented by Iberdrola save customers up to 30% on their electricity bills, which adds to the benefit of reducing dependence on fossil fuels. Each solar community will prevent the release of around 640 tonnes of CO2 into the atmosphere over the next 30 years, which improves the air quality of the places where they are installed. You can read the news in Iberdrola España's Press Room . { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola Spain reaches 1,000 solar communities in the country", "description": "Iberdrola España, Iberdrola's subsidiary in Spain, has now reached 1,000 solar communities in the country and thus facilitates access to self-consumption for more than 100,000 families.", "image": "https://www.iberdrola.com/documents/20125/5142588/Comunidad-Solar-El-Palmeral-726x484.jpg", "datePublished": "21.04.2025 - 15:34 UTC +02:00", "dateModified": "21.04.2025 - 15:34 UTC +02:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-spain-reaches-1000-solar-communities-in-the-country", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
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21/04/2025 - 14:12 UTC +02:00Avangrid progesses with its projects in the United States Iberdrola, through its subsidiary Avangrid , has started commercial operation of its True North Solar photovoltaic plant and has begun exporting energy to the grid with its Camino and Powell Creek solar farms in the United States. The company is taking another step forward in its strategy of investing in renewable technologies, making the supply of reliable energy to the grid possible in the countries where it is present and helping them to move towards energy independence, driving their economies. With more than 488,000 solar panels and 321 MW, True North Solar is capable of supplying nearly 60,000 US families, equivalent to a city like Newcastle, making it the company's largest photovoltaic project in the United States and positioning Texas as the leading state in renewable energy production. The project involved an investment of $369 M (more than €340 M at current exchange rates), and has created 300 jobs during its construction peak, most of them filled by local residents. For its part, with 105,000 panels, Camino Solar, located in California, will enter commercial operation at the end of this spring, providing access to clean energy to 14,000 homes, equivalent to the population of Portland, Maine. The park has involved an investment of €100 M (more than €90 M) and the creation of 100 jobs, almost all of them local. Powell Creek in Ohio, with 300,000 panels and 200 MW, it is capable of supplying reliable, local energy to 30,000 homes, which is a population close to that of Flint, Michigan. This is the company's second project in the state, after building Blue Creek in 2012, which, with 304 MW, now generates enough energy for around 76,000 homes a year. To carry out these developments, Avangrid has relied on US companies during their construction, contributing to the economic growth of the country. In addition, Camino Solar has brought in $15 M in state taxes (about €14 M), Powell Creek $31 M (more than €27 M) and True North Solar more than $40 M (more than €37 M) directly benefiting public services and their surrounding communities, especially schools. True North Solar has contributed to the purchase of STEM (Science, Technology, Engineering and Mathematics) education and learning materials, materials for teachers, buses for students, upgraded sports facilities for school children and the wider community, helping to improve local wellbeing. Texas, leader in renewables in the United States Avangrid has been operating in Texas for more than 15 years and, with True North's production, the company now has seven projects and a combined installed capacity of almost 1.6 GW. Together, the company's projects have provided the southern US state with direct investment of $2 B (more than €1.85 B), 65 full-time jobs and $118 M (nearly €110 M) in taxes since 2009, helping to improve public services for its residents. True North feeds electricity into the Texas grid and supports the operations of Meta, with which the company signed a long-term power purchase agreement (PPA). In addition, True North Solar will also supply power to Meta's upcoming data centre in Temple, Texas. According to a recent US Department of Energy report, data centres could increase the country's energy consumption by 12% by 2028, which is three times 2024 levels. Projects like True North Solar are critical to support this growth in demand while ensuring that local communities have locally produced, clean and reliable power for their homes and businesses. READ MORE
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16/04/2025 - 13:17 UTC +02:00ScottishPower awards HSM Offshore Energy the construction of the substation for its East Anglia Two offshore wind farm ScottishPower Renewables, Iberdrola's renewable subsidiary in the UK , has awarded HSM Offshore Energy a contract for the engineering, procurement, construction, installation and commissioning of the offshore substation for its East Anglia Two wind farm in North Sea waters and the jacket foundation on which it will be placed. The high-voltage offshore substation will weigh around 5,100 tonnes and its jacket foundation will weigh another 3,700 tonnes. Its job will be to collect the electricity generated by the wind turbines, transform the voltage and carry it on submarine cables to the onshore transmission grid. Construction is expected to start in the fourth quarter of 2025, with the jacket foundation ready for installation in the third quarter of 2027 and the top of the substation by the end of 2027. The 960 MW East Anglia Two offshore wind farm will be located in the southern North Sea, approximately 33 km off the Suffolk coast at its closest point to Southwold and 37 km from Lowestoft, where ScottishPower has its offshore wind operations and maintenance base. When operational, it will produce enough clean energy to power the equivalent of almost one million homes. You can read the full article at ScottishPower Renewables Press Room. { "@context": "https://schema.org", "@type": "NewsArticle", "headline":"ScottishPower awards HSM Offshore Energy the construction of the substation for its East Anglia Two offshore wind farm", "description": "ScottishPower Renewables, Iberdrola's renewable energy subsidiary in the UK, has awarded HSM Offshore Energy a contract for the engineering, procurement, construction, installation and commissioning of the offshore substation for its East Anglia Two wind farm in the North Sea, and the jacket foundation on which it will be placed", "image": "https://www.iberdrola.com/documents/20125/5138487/scottish-power-offshore-energy-726x484.jpg", "datePublished": "2025-04-16T13:17:00+01:00", "dateModified": "2025-04-16T17:09:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/scottishpower-awards-hsm-offshore-energy-construction-east-anglia-two-offshore-wind-farm", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
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15/04/2025 - 12:05 UTC +02:00Avangrid uses generative AI to support field technicians at its wind farms in the United States Avangrid, the US subsidiary of Iberdrola , has begun deploying a solution built to transform field operations at its wind farms. First Time Right Autopilot puts generative artificial intelligence (AI) into the hands of field technicians to help them quickly identify and resolve any issues detected in the operation of wind turbines. This tool is integrated into the mobile devices of field technicians and can be activated via voice or text. First Time Right Autopilot gathers relevant information to define the nature and scope of the issue before providing the technician with detailed instructions, supplemented with relevant documentation or instructional videos. The solution enables rapid detection and resolution of incidents at operational facilities, as well as speeding up decision-making and solution deployment. In this way, downtime is reduced, and operational efficiency is improved. The tool was created using Amazon Bedrock, a service from Amazon Web Services that offers a choice of high-performing foundation models from leading AI companies. You can read the full article at the Avangrid Newsroom . { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Avangrid Uses Generative AI to Support Field Technicians at Its Wind Farms in the United States", "description": "Avangrid, the US subsidiary of Iberdrola, has begun deploying a solution built to transform field operations at its wind farms", "image": "https://www.iberdrola.com/documents/20125/5134720/parque-eolico-karanka-726x484.jpg", "datePublished": "2025-04-15T12:05:00+01:00", "dateModified": "2025-04-15T13:00:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/avangrid-generative-ai-support-wind-farms-in-united-states", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
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14/04/2025 - 11:54 UTC +02:00EIB and Iberdrola sign two loans totalling €108 million for investments in energy storage infrastructure in Extremadura The European Investment Bank (EIB) has signed two green loans with Iberdrola totalling €108 million – a €50 million loan using own funds and a €58 million loan with funds from the Regional Resilience Fund (FRA). The operation aims to improve the pumping capacity of the Valdecañas hydroelectric complex, which encompasses the Torrejón and the Valdecañas power plants. The complex will help to secure energy supply and create storage capacity enabling the integration and management of renewable energy. The Valdecañas plant will have a total installed capacity of 225 MW, a 15 MW hybrid battery and 7.5 MWh of stored energy. Together, the battery and hydroelectric units will make it possible to increase the added pumping capacity to a maximum of 313 MW, and the storage capacity of the Tajo system to 210 GWh. The works to improve pumping capacity will make use of the existing installations in the Valdecañas and Torrejón-Tajo reservoirs – without changes to the levels of operation – and the existing transport networks, thus reducing the impact on the environment. Once up and running, the complex will help to reduce CO2 emissions. In addition, the improvement works will directly create 165 jobs and a further 500 indirectly, boosting skilled employment. The total investment will take place in a cohesion region, an area where the per capita income is below the EU average. In this way, the project will contribute to climate action and territorial, economic and social cohesion – two of the eight priorities set out in the Group’s Strategic Roadmap for the years 2024-2027. Having received funding from the Regional Resilience Fund, the project is also in line with the objectives of Spain's Recovery, Transformation and Resilience Plan. The Regional Resilience Fund directs funding from the NextGenerationEU programme to boost investment in Spain autonomous communities, predominantly for environmental and social projects. The fund is led by the Ministry of Economy, Trade and Enterprise and is supported by the autonomous communities and cities and the Spanish Federation of Municipalities and Provinces (FEMP), with the EIB Group as a strategic management partner. This operation is in line with the EIB’s action plan to support the REPowerEU initiative to improve energy security in the European Union and to reduce dependence on fossil fuel imports. How the Valdecañas pumped-storage hydroelectric complex works Reversible pumping plants, such as those in the Valdecañas hydroelectric complex, make it possible to use and generate electricity quickly, allowing for better management of the consumption and demand curve, and stabilising the electricity grid. The upper reservoir – which feeds the plant – acts like a storage system that is charged with the water’s potential energy. Energy can then be stored when excess energy is generated from other non-dispatchable energy sources, and can subsequently be recovered when needed. It operates like a closed circuit between the upper and lower reservoir, which does not just consume water, but also reuses it. This system, which is independent of precipitation and water resources, has a long service life and can provide wide-reaching reinforcement to the electricity grid. Background information EIB The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by the Member States. Built around eight core priorities, it finances investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. The EIB Group, which also includes the European Investment Fund (EIF) , signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security. All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in its Climate Bank Roadmap . Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment. In Spain, the EIB Group signed €12.3 billion of new financing for more than 100 high-impact projects in 2024, helping power the country’s green and digital transition and promote economic growth, competitiveness and better services for its people. High-quality, up-to-date photos of EIB headquarters for media use are available here. About the Regional Resilience Fund The Regional Resilience Fund was created to facilitate access to NextGenerationEU loans from the Spanish Recovery, Transformation and Resilience Plan for the autonomous communities, with the aim of boosting investments and developing projects in eight priority areas: social and affordable housing; urban renewal; transport and sustainable tourism; the energy transition; water and waste management; the care economy; research, development and innovation; and the competitiveness of industry and SMEs. The fund is led by the Ministry of Economy, Trade and Enterprise, which relies on the autonomous communities and cities to perform project selection and on the EIB Group as a strategic management partner. About Iberdrola’s storage strategy Storage systems are key to tackling challenges associated with electrification and are set to become an essential component of electricity grids, making it possible to improve electricity supply, ensure that the grid is stable and reliable, and integrate and make full use of energy generated from renewable sources. That is why Iberdrola, a pioneer in the energy transition, is committed to using hydroelectric pumping technology to facilitate energy storage. It is a leader in this area, with over 4 000 MW of installed capacity, having undertaken projects in Tâmega, Portugal and Cortes-La Muela in Valencia, which, with a pumping capacity of 1 293 MW, is the largest installation of this kind in Europe. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "El BEI e Iberdrola firman dos préstamos por un total de 108 millones de euros para inversiones en infraestructuras de almacenamiento de energía en Extremadura", "description": "These loans will finance works to improve the Valdecañas pumped-storage hydroelectric complex in Cáceres to secure energy supply and to integrate renewables.", "image": "https://www.iberdrola.com/documents/20125/5132354/prestamo-bei-180-millones-726x484.jpg", "datePublished": "2025-04-14T11:54:00+01:00", "dateModified": "2025-04-14T15:00:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/eib-berdrola-sign-two-loans-108-million-energy-storage-infrastructure-extremadura", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
