News
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20/12/2024 - 14:06 UTC +01:00Iberdrola working with Norfolk for its East Anglia Two offshore wind farm Iberdrola, through its renewable subsidiary in the United Kingdom, ScottishPower Renewables , has chosen the port of Great Yarmouth in Norfolk, England, for the pre-assembly works of its 960 MW East Anglia Two offshore wind farm. The British subsidiary of the Iberdrola Group and the port authority Peel Ports Great Yarmouth have signed an agreement to reserve the site and carry out this assignment. Components for the 64 turbines, including 192 blades manufactured at Siemens Gamesa's Hull plant, will arrive here from different regions of the UK and continental Europe before they are set up in the North Sea in 2028. The choice of Great Yarmouth for pre-assembly work demonstrates ScottishPower Renewables' commitment to the UK and the East Anglia region, further consolidating the region's reputation as a leading centre of the offshore renewables industry. The company already operates the 714 MW East Anglia One offshore farm in the region’s waters, whose 102 turbines produce enough clean energy to power the equivalent of 630,000 British homes. The East Anglia area has also become the heart of the company's offshore wind operations. The East Anglia Hub offshore wind macro-complex is being built here, bringing together three projects with a total installed capacity of 2,900 MW: East Anglia One North, East Anglia Two and East Anglia Three. The projects, which will involve an investment of 10 B pounds, began in 2022 and will last for four years. The capacity of this hub will be able to supply 2.7 million British households with clean energy. You can read the full story at the ScottishPower Communications Room . READ MORE
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19/12/2024 - 13:58 UTC +01:00Iberdrola and SCHWENK: Green Electricity for Building Materials Manufacturer Berlin, December 19, 2024 – Iberdrola Germany and SCHWENK Zement GmbH & Co. KG are cooperating in green electricity supply and have agreed on a long-term delivery. From the offshore wind farm Windanker , currently under construction in the Baltic Sea, 1.500 GWh will be supplied to SCHWENK during the contract duration. With the supply from the Windanker offshore wind farm, SCHWENK can cover about 20% of its electricity needs from certified alternative sources, based on current electricity demand, which represents a significant portion. The companies agreed on a fixed price, providing mutual long-term planning security. Thomas Spannagl, CEO of SCHWENK Building Materials Group, commented: "Our commitment to sustainability is reflected in our continuous efforts to reduce specific electricity demand, improve thermal energy efficiency, and lower CO2 emissions. Another important component is the gradual increase in the proportion of green electricity at SCHWENK through our own photovoltaic projects. The partnership with Iberdrola is therefore a clear signal towards sustainability, and we are pleased to make a significant contribution to increasing our share of green electricity." "Supplying the German industry with green electricity is a central element of our strategy in Germany," emphasized Felipe Montero, CEO of Iberdrola Germany. "We are very pleased about this long-term partnership on an equal footing that we are now entering into with SCHWENK," Montero continued. "In doing so, we are not only cooperating with an important building materials manufacturer, but also with a family business with tradition and a vision for the future. In the future, we also want to support other industrial companies in achieving their climate goals." Leading in the Baltic Sea with Windanker and the Baltic Hub The planned offshore wind farm Windanker will consist of 21 offshore wind turbines, each with a capacity of 15 MW. Windanker will be connected to the grid in 2026 with a connection capacity of 300 MW. The wind farm will be located approximately 38 km northeast of the German island of Rügen, covering an area of about 17.9 km². This third offshore wind farm by Iberdrola in the German Baltic Sea follows the projects Wikinger and Baltic Eagle. Wikinger has been operational since 2017, and Baltic Eagle, the second offshore wind project off Rügen, is currently being realized. Together, these offshore wind farms form Iberdrola's so-called Baltic Hub. By 2026, this hub will have a total capacity of more than 1.1 GW. Investments of approximately €3.7 billion are planned for the Baltic Hub. This makes Iberdrola Deutschland the largest operator of offshore wind farms in the German Baltic Sea. Additionally, in the onshore sector, Iberdrola Deutschland is involved in the planning, construction, and operation of onshore wind farms and photovoltaic projects. About SCHWENK SCHWENK was founded in 1847 in Ulm by Eduard Schwenk. Over the years, the company has evolved into a corporate group and is one of the most innovative and modern members of its industry in Germany. SCHWENK's core business consists of five divisions: cement, concrete, sand & gravel, concrete pumps, and recycling. The SCHWENK Building Materials Group employs around 4,500 people and operates with companies and subsidiaries in Central Europe, Northern Europe, Eastern Europe, and Namibia. About Iberdrola Iberdrola is the largest electricity company in Europe by market capitalization, and one of the top three largest globally, serving a population of more than 100 million people around the world. The company has a workforce of over 42,200 and assets in excess of €150 billion. In 2023, Iberdrola posted revenues of nearly €50 billion, net profit of €4.8 billion, with nearly €9.3 billion paid in tax contributions in the countries where it operates. The company helps to support more than 500,000 jobs in communities across its supply chain, and global supplier purchases topped €18.1 billion in 2023. Iberdrola was the company that signed the most PPAs in 2023, according to the European PPA Market Outlook 2024. A benchmark in tackling climate change, Iberdrola has invested more than €150 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) princi-ples. The company operates more than 43,000 megawatts (MW) or renewable energy capacity worldwide, which includes nearly 21,000 MW of onshore wind and 2,300 MW of offshore wind. Iberdrola is on course to have nearly 5,000 MW of offshore wind capacity by the end of 2026. READ MORE
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19/12/2024 - 13:20 UTC +01:00Hugh Elliott, new Executive Chairman of Iberdrola Energía Internacional At its meeting today, the Board of Iberdrola Energía Internacional appointed Hugh Elliott as the new Executive Chairman of Iberdrola Energía Internacional , effective 1 January. Elliott has spent his career in the British Foreign and Commonwealth Office - most notably as ambassador to Spain between 2019 and 2024 - and also in the private sector, at Anglo American PLC, where he was global Head of Government Relations. Within the British administration, he has held other positions such as director responsible for renegotiating international agreements following Britain's exit from the European Union and director for Europe, as well as having been director of communications in the Foreign and Commonwealth Office and in the Department for Exiting the European Union. Iberdrola Energía Internacional has also added María Helena Antolín Raybaud to its Board as an external director, thus maintaining her ties to the Group after her time on the Boards of Directors of Iberdrola Renovables and Iberdrola S.A. Antolín is vice-chairwoman of the Spanish Confederation of Business Organisations (CEOE), a member of the boards of INJAT and Danosa and adviser to the French Foreign Trade section of Spain. Antolin was Vice-President and member of the Management Committee of Grupo Antolin Irausa, S.A., where she was also in charge of the corporate Industrial and Strategy departments, among her other responsibilities. María Pla, who also chairs the company's Audit Committee after an extensive career in this field at PriceWaterhouse Coopers, and Francisco Bisbal, a retired Marine Lieutenant General who, after holding numerous operational responsibilities, headed the Centro Superior de Estudios de la Defensa Nacional between 2019 and 2024, remain as external directors of the company. Iberdrola Energía Internacional: a platform for growth Iberdrola Energía Internacional is Iberdrola's subholding that groups together its businesses in Germany, France, Italy, Greece and Portugal, as well as Australia and other countries. It currently has assets of more than €10 B and in September its EBITDA was almost €450 M, an increase of 48%. Iberdrola Energía Internacional's renewable energy capacity exceeded 4,000 MW in the third quarter of 2024 - the latest data available - and its production grew by 114%, driven by a 114% increase in offshore wind , a technology in which it has wind farms in France (Saint Brieuc , with 496 MW) and Germany (Wikinger , with 350 MW, Baltic Eagle , with 476 MW, whose installation has just been completed, and Windanker , under construction), as well as other projects in Australia and Japan. In onshore wind and solar , Iberdrola Energía Internacional has 1,200 MW installed in Australia, where it also has 400 MW under construction, and some 1,500 MW operating in Italy, Portugal, Greece, Poland and Hungary. Iberdrola Energía Internacional therefore concentrates markets that have seen significant growth in recent years for Iberdrola, Europe's leading electricity company in terms of market capitalisation and one of the three largest in the world, with a stock market value of more than €80 B. READ MORE
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19/12/2024Iberdrola publishes £10.6bn plan to transform transmission network in the United Kingdom Iberdrola, through its UK subsidiary ScottishPower Energy Networks, has set out a £10.6bn (€12.8bn) plan to help rewire Britain and deliver the critical electricity infrastructure needed for decades to come as it submits its RIIO-T3 Business Plan to Ofgem. The Business Plan, How we get there , covers the next price control period from 2026-31 and will deliver new and upgraded transmission infrastructure in central and southern Scotland, including 12 new major transmission substations, 450km of upgraded existing circuits, 87km of upgraded overhead lines and 35km of underground cables – all to help increase capacity on the GB transmission grid to meet demand. The Plan also outlines a programme of investment to further increase network resilience, maintain existing assets and help connect up to 19.000MW of new clean, green power to the grid, as well as contributing to reduced constraint costs, leading to a £167 (€202) saving per household every year by 2030. SP Energy Networks plans to double its transmission workforce with around 1,400 new directly employed jobs and supporting another 11,000 more jobs across the UK. This is a step change in transmission investment, over three times more than the £3.4bn (€4.1bn) of the RIIO-T2 plan. Independent research by the Centre for Energy Policy at the University of Strathclyde has found that the Business Plan could contribute sustained economic benefit of £2bn (€2.4bn) each year to UK society. You can read the full article at the ScottishPower Press Room . READ MORE
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17/12/2024 - 20:46 UTC +01:00Iberdrola closes three new deals to supply 476 MW of green energy on the Iberian Peninsula Iberdrola has three new long-term power purchase agreements (known as PPAs) for a total of 476 MW, or 1,100 GWh, equivalent to the supply of more than 300,000 Spanish households in a year. These contracts join those already signed this year, such as those with Alcampo, BP, Gres Panaria and Burger King. The new renewable energy contracts are associated with a 212 MW solar project in Spain and two wind projects totalling 264 MW. These renewable projects involved an investment of more than €600 M and will generate more than 1,600 jobs during peak periods. Leader in PPA According to the consultancy firm Pexapark, Iberdrola was the company that signed the most PPAs in Europe in 2023 with nine agreements for more than 900 MW. The electricity company has extensive experience in this sector and manages this type of contract in countries such as Spain, Portugal, Germany, Italy, the United Kingdom, Poland, Brazil, the United States, Mexico and Australia. With these latest agreements signed in 2024, Iberdrola exceeds the PPAs signed in 2023 in Europe. The group has entered into strategic partnerships with a long list of major companies, including Amazon, Apple, Meta, Telefónica, Mercedes Benz, Heineken, Vodafone, Mercadona, TMD, Stahl Holding Saar (SHS), ABInBev, De Acero, VW-SEAT, Renault, Holcim, the Salzgitter Group, Bayer and Burger King, among others. The PPA is the ideal tool for customers who want to decarbonise, because it ensures that they consume renewable energy at a long term fixed price. READ MORE
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17/12/2024 - 18:02 UTC +01:00Iberdrola continues to train technicians at its National Training Centre in the US Iberdrola, through its US subsidiary Avangrid , just graduated the second class of technicians trained at Avangrid's National Training Center (NTC), who are now ready to begin their careers in renewables. Recently graduated and recently hired by the company, they are a vivid example of the opportunities provided by innovative and specialised training in green jobs . In this case, they are professionals from wind projects operated by the energy company in three different states, who have attended two and a half weeks of technical and safety training at the facility in Sherman County, Oregon. You can read the full story at the Avangrid Communications Room . READ MORE
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16/12/2024 - 14:10 UTC +01:00Iberdrola adheres to the Bilbao Charter of Values The Mayor of Bilbao, Juan Mari Aburto, and the Executive Chairman of Iberdrola, Ignacio Galán , signed the city's Charter of Values this morning in the Biscayan capital. Both have defended shared principles such as solidarity, justice, equality and staying true to one's word. "Societies with clear rules and a legal framework based on the law offer stability and attractiveness for investment". The event was attended by some thirty companies that have also signed up to the Bilbao Charter of Values. Each and every one of these companies, benchmarks in Bilbao's business fabric, have signed their commitment to foster, promote and maintain attitudes and behaviour in accordance with the spirit and content of the Charter of Values. Throughout the month of November, Bilbao City Council, in collaboration with Iberdrola and Torre Iberdrola, has carried out a campaign encouraging companies and individuals to sign the Charter of Values. This action is part of the project 'Bilbao Balioen Hiria-Bilbao, a city of values' and the signatory companies undertake to defend the following individual and collective principles: * Respect for human rights, social justice, equality between women and men, solidarity. * Diversity and inclusion, commitment, environmental sustainability. * Co-responsibility, coexistence, identity, effort. * Trust, creativity, participation, honesty, enthusiasm, health. The Mayor of Bilbao, Juan Mari Aburto, has highlighted the value of this unprecedented initiative. "Today is undoubtedly a great day for all the people who live and work in Bilbao. The firm and decisive commitment of the working, professional and business world to the Bilbao Balioen Hiria project through its adhesion to the Charter of Values is an unprecedented milestone that we think is a very positive step. The companies present here today are committed to doing their bit to build a better society, so that we can continue to collectively work towards the model of city we want". For his part, the Executive Chairman of Iberdrola, Ignacio Galán, stressed that "Iberdrola is a company of people that works for people and within the framework of this mission we support this initiative from the city that was our birthplace almost 124 years ago and with which we share values such as social justice, equality, diversity and inclusion and environmental sustainability. Bilbao is an example of a city committed to the needs and sensitivities of its residents and it is a pleasure to work hand in hand with its City Council and Mayor Aburto for a more fraternal, just and sustainable society". Bilbao: A city of values ‘Bilbao Balioen Hiria-Bilbao, a city of values' is a participatory initiative promoted by the Bilbao City Council, but built and developed, from the beginning, in collaboration with residents. It aims is to make the city known and recognised not only for its important regeneration, recovery and economic and urban transformation, but also for its values. The aim is to create a space for analysis, dialogue, reflection and collaborative work between institutions, organisations of all kinds, companies, the media, political groups and citizens in general, to promote and share a framework of shared values in the city. As a result of this project, in March 2018 the Plenary of the City Council approved the Bilbao Charter of Values, which identifies the 17 values that should form the backbone of the coexistence of Bilbao's residents and that should guide the future of the city in the coming years. Any person or organisation that wishes to do so can adhere to the Bilbao Charter of Values by filling out a simple online form available both on the City Council’s website and on the Bilbao Balioen Hiria’s website. READ MORE
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13/12/2024 - 14:30 UTC +01:00Iberdrola congratulates British distribution network operator ENW for Utility of the Year Award Iberdrola congratulates Electricity North West (ENW) for winning the prestigious Utility of the Year award in the United Kingdom. At the Utility Week Awards, judges pointed out ENW ‘continually punched above its weight and found innovative solutions to industry challenges’. ENW also won the award for innovation in energy for its Net Zero Terrace project, which explores how terraced housing stock can benefit from low carbon technology. Taking a smart integrated systems approach to low carbon heat, the project aims to decarbonise terraced communities and reduce their energy costs through an integrated, optimised community virtual power plant. In October 2024, Iberdrola acquired 88% of Electricity North West (ENW) in the UK. The deal values 100% of the company, including debt, at approximately €5 billion. The transaction is subject to review by the UK Competition and Markets Authority (CMA) and Iberdrola and ENW are operating independently as separate, non-integrated businesses until receipt of the CMA's approval, according to the applicable regulations to this type of transactions. As announced at that time, this acquisition is part of Iberdrola's strategy to strengthen its network business in countries with strong ratings, such as the UK's AA credit rating. Following CMA approval of this acquisition, the UK will become the company's primary market in terms of network asset base value (€14 billion), followed by the US (€13.3 billion), as at the end of the first half of 2024. ENW distributes electricity to almost five million people in the North West of England, in locations such as Manchester and the Lake District and has approximately 60,000 km of electricity distribution networks. Geographically, ENW is located in a prime area for Iberdrola, between the two existing ScottishPower networks license areas, in central and southern Scotland and Merseyside and North Wales. The acquisition accelerates Iberdrola's commitment to grow its electricity networks business, with the company to become the second largest electricity network operator in the UK following CMA approval. Iberdrola would then distribute electricity to around 12 million people in the UK, across a network spanning more than 170,000 kilometers. In addition, Iberdrola will employ more than 8,500 people in the country. Iberdrola and a consortium of investors from Japan, led by Kansai, which will retain 12% of ENW's capital, have signed a shareholders' agreement to collaborate on a long-term basis. READ MORE
