News
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30/03/2026 - 17:00 UTC +02:00ScottishPower to drive Wallacetown’s future with new community solar project ScottishPower, a subsidiary of the Iberdrola Group in the UK , has partnered with the Fort, Seafield and Wallacetown Community Association to install solar panels that will generate solar energy for a self-sustaining community fund, supporting the area for decades to come. Revenue from the electricity generated will be reinvested directly into the community, helping to fund local projects and services while tackling energy poverty. You can read the full story in the ScottishPower Energy Networks Newsroom . READ MORE
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30/03/2026 - 11:51 UTC +02:00Iberdrola awards contracts worth €3.5 billion for the Eastern Green Link 4 subsea interconnector in the UK The Iberdrola Group, through its British subsidiary SP Energy Networks, has awarded contracts worth over £3 billion (around €3.5 billion) for the development of the subsea electricity interconnector Eastern Green Link 4 (EGL4) between Scotland and England. This infrastructure will strengthen the UK's energy system, increase the security and self-sufficiency of the supply and support the country's economic growth. Under the signed agreement, Siemens Energy will build two high-voltage direct current (HVDC) converter stations, which will convert alternating current to direct current to transmit electricity more efficiently at 525,000 volts over long distances. The electricity will travel around 640 kilometres, mostly under the sea, before being converted back for integration into the onshore grid. This is the second major contract linked to this project following the one signed earlier this year with Prysmian, worth £2 billion (around €2.3 billion), for the supply of over 640 kilometres of cable, of which 530 kilometres will be subsea and 116 kilometres underground. With a capacity of 2,000 megawatts, Eastern Green Link 4 will link Fife in Scotland with Norfolk in England and will be able to transport enough renewable energy to supply more than 1.5 million homes. The converter stations will be located in these two regions. The main construction phase will begin in 2028, with commissioning scheduled for 2033. This project complements Eastern Green Link 1, another 2,000 megawatts link whose construction began in 2025 and which will connect Torness in Scotland with Hawthorne Pit in England. This project is expected to be completed in 2029. In total, Iberdrola will invest €14 billion by 2031 in transmission networks to increase the UK's capacity to transfer electricity between regions and strengthen energy security and self-sufficiency by reducing dependence on imported fossil fuels. Furthermore it will facilitate the integration of new clean generation and promote job creation and economic and social development. The UK is one of the Iberdrola Group's main investment destinations: the company plans to invest €20 billion in the country by 2028 to strengthen energy security and move towards a more self-sufficient, sustainable and competitive system. READ MORE
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27/03/2026 - 11:13 UTC +01:00Iberdrola advances offshore wind in the UK with progress on East Anglia TWO ScottishPower, the Iberdrola Groups’s UK subsidiary, is making steady progress on the development of the East Anglia TWO offshore wind farm, one of the most significant renewable energy projects currently under construction in the United Kingdom. With a total investment of approximately €4.5 billion, the project reinforces the Group’s commitment to offshore wind as a strategic pillar of the energy transition , as well as to the deployment of infrastructure that supports a more secure, competitive and sustainable energy system. As part of the project, the UK’s Secretary of State for Energy, Michael Shanks, visited the facilities where the offshore substation foundations are being manufactured, highlighting the role of clean energy in driving skilled employment and supporting the country’s industrial communities. With an installed capacity of up to 960 MW, East Anglia TWO offshore wind farm will generate enough clean electricity to power nearly one million homes, making a significant contribution to the electrification of the UK economy. You can read the full story at the ScottishPower Media room. READ MORE
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27/03/2026 - 10:00 UTC +01:00Avangrid completes solar panel installation at Tower Solar plant in Oregon Avangrid, a subsidiary of the Iberdrola Group in the United States, has completed the installation of more than 250,000 solar panels for the Tower Solar project in Morrow County, Oregon. The panels were assembled by SEG Solar at its new factory in Houston, Texas. The plant, with a total installed capacity of 120 MWac, is expected to come online later this year. It will supply electricity to the Portland General Electric (PGE) grid and support a new QTS data center campus in the region. Construction of the project created more than 200 jobs, most of them filled by local workers. In addition, the project, located on industrial land at the Port of Morrow, is expected to generate approximately $20 million in economic contributions, which will help fund public services, including education. You can read the full story at the Avangrid Media room. READ MORE
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26/03/2026 - 16:57 UTC +01:00Iberdrola promotes sustainable mobility in Brazil with the country’s first commercial green hydrogen bus Neoenergia, subsidiary of Iberdrola Group in Brazil , has launched the country’s first commercial bus powered by green hydrogen, which will operate on the Brasília Monumental Route tourist line in the Federal District. The project, developed in collaboration with the Federal District Government and the company TEVX, marks a milestone in the application of clean technologies to transport and reinforces the Group’s commitment to sustainable mobility and decarbonisation . The zero-emissions vehicle will use green hydrogen produced at Brazil’s first refuelling station of this kind, built by Neoenergia in Taguatinga. The fuel is obtained through water electrolysis using renewable energy, enabling a fully clean energy cycle and positioning the country at the forefront of green hydrogen development as a key vector of the energy transition. The initiative combines technological innovation, sustainability and public service, and acts as a pilot project showcasing the potential of green hydrogen in urban mobility applications. You can read the full article at Neoenergia Media room . READ MORE
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26/03/2026 - 09:58 UTC +01:00Iberdrola paid €10.4bn in taxes in 2025 In 2025, Iberdrola made the largest tax contribution in its history, paying a total of €10.41 billion in taxes in the countries where the company operates, according to its 2025 Fiscal Transparency Report. Tax payments in Spain reached a new record high in 2025, reaching nearly €4.7 billion, an 8% increase on 2024. This consolidates Spain’s position as the country to which Iberdrola contributes the most in taxes – almost half of the Group’s total – despite the fact that two-thirds of Iberdrola’s business and almost 75% of its assets are in other countries. The main reason is the number of electricity-specific taxes to which the Group is subject in Spain – a total of 41 – compared with just 28 across the other 31 countries in which the Group operates worldwide. Spain accounts for 79% of all the electricity-related taxes paid by Iberdrola worldwide. Globally, Iberdrola allocated 44% of its profit in 2025 to the payment of taxes affecting its results. Over the last five years, Iberdrola has paid more than €45 billion in taxes, a figure equivalent to all the dividends received by shareholders between 2001 and 2026. Iberdrola conceives its tax contribution as an essential component of its social dividend and has a well-established model of responsible taxation, based on strict compliance with regulations, transparency and consistency between its economic activity and the taxes paid. In the same way, Iberdrola’s tax strategy is based on a cooperative and trusting relationship with tax authorities, with voluntary participation in cooperative compliance programmes in countries such as Spain, the United Kingdom, Brazil, France, Portugal and Australia. The Group began voluntarily publishing its Tax Transparency Report and Country-by-Country Report in 2019, well ahead of regulatory requirements. This approach has positioned Iberdrola as an international benchmark for transparency and good tax governance. In 2025, the company renewed its Fair Tax Mark certification, improving its score in the process, and achieved first place in the Tax Responsibility and Transparency Index, which assesses the tax governance, quality of information and tax practices of large multinationals. In addition, the company’s tax compliance system has been certified in accordance with the UNE 19602 standard, renewed for the seventh consecutive year without any non-conformities. Tax contribution by country Iberdrola’s tax contribution in 2025 was distributed across its main markets as follows: €4.675 billion in Spain; €2.328 billion in Brazil; €1.384 billion in the United States; €1.061 billion in the United Kingdom; €645 million in Mexico; and €317 million in the other countries in which it operates. READ MORE
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25/03/2026Ignacio Galán: “Iberdrola’s business model is part of the solution to energy crises” Ignacio S. Galán, Executive Chairman of Iberdrola, discusses in an interview with the Spanish business newspaper ElEconomista the limited impact that the current geopolitical and energy crisis is having on the company. Galán, who is attending CERAWeek, one of the leading international energy forums held in the United States, has highlighted Iberdrola’s ability to offer competitive, long-term fixed prices, as well as the importance of investing in networks infrastructure to advance Europe’s electrification and strategic autonomy. Ignacio Galán emphasises Spain’s key role in European competitiveness and electrification, arguing for the urgent need to remove regulatory and fiscal barriers to facilitate investment and the expansion of electricity networks. He points out that electrification is essential to reduce dependence on fossil fuels, improve energy security and foster industrial and economic growth, as well as creating jobs. Regarding the main growth markets, Iberdrola is focusing its investments on the United States and the United Kingdom, where it plans to allocate €40 billion between 2025 and 2028 to expand and modernise transmission and distribution networks, as well as to drive forward renewable generation projects. Furthermore, it advocates extending the lifespan of nuclear power stations in Spain due to their contribution to the security and competitiveness of the electricity supply. Finally, Galán highlights that Iberdrola is entering a period of unprecedented growth, with historic investments and a renewed commitment to electrification and technological innovation. The company aims to become the world’s leading electricity company by market capitalisation, maintaining a policy of increasing dividends and a solid financial structure, which reinforces its leadership and ability to generate value for society and its shareholders. You can read the full interview on the ElEconomista website (Spanish version). READ MORE
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25/03/2026 - 15:43 UTC +01:00Iberdrola agrees the sale of SP Dataserve Iberdrola, through its UK subsidiary ScottishPower , has signed an agreement to sell SP Dataserve, a company providing commercial metering services to non-domestic customers in the UK, to IMServ. By the end of 2025, SP Dataserve was providing 36,800 services to around 22,000 non-domestic customers across the UK. IMServ is a UK‑based metering and energy services company wholly owned by Bluewater, a specialist private equity firm with investments across the energy value chain. The sale of this non-core subsidiary forms part of Iberdrola’s active portfolio management strategy, which focuses on strengthening its core businesses and optimising capital allocation. The sale involves the divestment of a non-strategic business within ScottishPower and follows the transfer of the UK smart meter business to Macquarie in 2025, which further simplifies the Group’s business profile in the UK. The UK represents Iberdrola’s main investment destination, where the Group plans to invest €20 billion by 2028 as part of its strategic plan. Most of this investment will be dedicated to the development and modernisation of electrical networks , a key area for supporting the electrification of the economy, strengthening energy security and boosting competitiveness. Following the approval of the new tariff framework for electricity transmission, the company will quadruple the amount allocated to this business. The transaction just signed is in addition to others completed by Iberdrola so far this year: the acquisition of the Ararat wind farm in Australia, the sale of its onshore generation business in France, the sale of small-scale hydroelectric assets and the sludge treatment business in Spain, the sale of its assets in Hungary and the addition of 650 MW of solar power to the joint venture with Norges. The transaction closing is subject to customary conditions in this type of transactions, such as regulatory review. READ MORE
