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20/03/2025 - 16:20 UTC +01:00Iberdrola issues a €400 M share price-linked green bond Iberdrola has launched a green bond issue indexed to its share price. The company has raised €400 M at 5 years. The coupon has been set at 1.5%. This type of bond is characterised by the fact that its return is indexed to the performance of the issuing company's shares (in this case, Iberdrola’s), so investors can exercise a call option on the price of the company's shares in the three months prior to maturity. This option will always be exercisable by payment of the difference. In other words, Iberdrola will not issue or deliver shares in any case, so there will be no dilution effect on its current shareholders. The deal was done with four leading international banks: JP Morgan, Natixis, Mizuho and Morgan Stanley. At the same time, Iberdrola will acquire a hedging option identical to the one sold within the bond, which allows it to be covered against any risk of exercise by bondholders (in the event of a share revaluation above a certain level). This level will be determined in the coming days. The combination of the share-linked bond and the option purchase offers cost advantages over traditional financing and is considered an opportunistic financing operation. This is not the first time Iberdrola has placed a bond in the structured bond market linked to shares. In 2022, the company launched a green bond issue linked to its share price for €450 M and in 2015 it entered the market with a €500 M transaction, which in 2020 it increased by an additional €200 M. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola launches a 400 million euro green bond issue benchmarked to the share price", "description": "The bonds will incorporate an option, allowing investors to benefit from the revaluation of the share at maturity of the bond.", "image": "https://www.iberdrola.com/documents/20125/4075235/torre-iberdrola-726x484.jpg", "datePublished": "20.03.2025 - 16:20 UTC +01:00", "dateModified": "20.03.2025 - 16:20 UTC +01:00", "mainEntityOfPage": "https://https://www.iberdrola.com/press-room/news/detail/iberdrola-green-bonds-400m", "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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20/03/2025 - 09:14 UTC +01:00UK CMA clears Iberdrola’s acquisition of Electricity North West Today, the UK Competition and Markets Authority (CMA) cleared the acquisition of an 88% shareholding in the electricity distribution network operator Electricity North West (ENW) by Iberdrola, S.A., through its subsidiary ScottishPower . The acquisition is part of Iberdrola’s strategy to strengthen its networks business in countries with strong ratings, such as the UK. Iberdrola, through ScottishPower, now becomes the second largest distribution network operator in the UK, delivering electricity to around 12 million people across a network spanning more than 170,000 kilometers. Welcoming the decision, Iberdrola’s Executive Chairman and ScottishPower’s Chairman, Ignacio Galán , said: “Electrification is powering the UK’s growth and competitiveness, as well as improving its strategic autonomy and contributing to national security. Iberdrola continues to increase its investments here in support of the Government’s plans to modernise the country’s energy system. Network investments are the backbone to this process. “As we welcome our ENW colleagues into our business, we further strengthen our joint ambitions to deliver a resilient, flexible electricity network to meet the future needs and demands of Britain. “Iberdrola has been a steadfast investor in the UK for almost 20 years. On top of our current assets, worth more than £30 billion, our plans in the country aim at investing £30 billion by the end of the decade, two thirds in transmission and distribution networks and one third in renewables, mainly offshore wind. These investments will deliver significant jobs, supply chain and economic benefits to the country.” Notes to editors * ENW distributes electricity to almost 5 million people in the North West of England 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 in Merseyside and North Wales. * In October 2024, Iberdrola acquired 88% of ENW in the UK. As stated at the time, the deal values 100% of the target company, including debt, at approximately €5 billion. * Iberdrola’s partners, a consortium of investors from Japan, led by Kansai, will retain a 12% interest in ENW's share capital and have also signed a shareholders' agreement to collaborate on a long-term basis. * With the inclusion of ENW, Iberdrola now employs more than 8,500 people in the UK. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "UK CMA clears Iberdrola’s acquisition of Electricity North West", "description": "oday, the UK Competition and Markets Authority (CMA) cleared the acquisition of an 88% shareholding in the electricity distribution network operator Electricity North West (ENW) by Iberdrola, S.A., through its subsidiary ScottishPower. ", "image": "https://www.iberdrola.com/documents/20125/4660833/241022-iberdrola-cierra-compra-distribuidora-britanica-enw-726x484.jpg", "datePublished": "2025-03-20T09:14:00+01:00", "dateModified": "2025-03-20T10:22:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/UK-CMA-clears-Iberdrola-acquisition-Electricity-North-West", "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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19/03/2025 - 13:18 UTC +01:00Iberdrola México teams up with car manufacturer Honda to supply its manufacturing plants with clean energy Iberdrola México , Iberdrola's subsidiary in Mexico, has signed a power purchase agreement (PPA) with Honda to supply 100% clean electricity from its wind farms to the Japanese car and motorcycle manufacturer's production plants in Celaya, in the state of Guanajuato, and El Salto, in Jalisco. Honda de Mexico will use this power for its production in the country, where it has an installed capacity to manufacture up to 200,000 cars a year at its Guanajuato plant and more than 120,000 motorcycles at the one in Jalisco, in both cases for the local and export markets. Supplying clean energy to Honda will prevent the annual release of 63,826 tonnes of CO2 into the atmosphere, the equivalent of the carbon captured by more than a million trees over 10 years. The agreement includes the acquisition of Guarantees of Origin (GOs), an instrument that makes it possible to certify the reduction of greenhouse gases by ensuring, with full traceability, that the electricity supply comes from clean sources. You can read the full story in the Iberdrola México Communication Room. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola Mexico teams up with car manufacturer Honda to supply clean energy to its manufacturing plants", "description": "Iberdrola Mexico has signed a power purchase agreement (PPA) with Honda to supply 100% clean electricity from its wind farms to the Japanese car and motorcycle manufacturer's production plants in Celaya, in the state of Guanajuato, and El Salto, in Jalisco.", "image": "https://www.iberdrola.com/documents/20125/0/Honda+726x484.jpg", "datePublished": "2025-03-19T13:18:00+01:00", "dateModified": "2025-03-19T16:22:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-mexico-teams-up-with-car-manufacturer-Honda-to-supply-clean-energy-to-its-manufacturing-plants", "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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14/03/2025 - 13:00 UTC +01:00Iberdrola and Air Liquide sign a PPA to decarbonize industrial production in Spain and Portugal Iberdrola and Air Liquide have signed a long-term power purchase agreement (PPA). Renewable energy will be supplied to Air Liquide to support its operations in Spain and Portugal . The agreement is the result of close collaboration between Iberdrola and Air Liquide. It will allow Air Liquide to continue developing innovative and sustainable solutions for the supply of industrial gases and will enable its industrial and medical customers to meet their ambitions to reduce the carbon footprint associated with their final products. Leading the PPA market Iberdrola has extensive experience in PPAs . The company manages long-term power purchase agreements in markets such as Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil, Mexico and Australia, from wind projects – onshore and offshore – and photovoltaic. The company has been offering innovative PPA proposals for more than a decade. For the second consecutive year, Iberdrola has confirmed itself as the leader in the European PPA market , according to the Pexapark Renewables Market Outlook 2025 report, with 1,251 MW contracted (+38% compared to 2023). Iberdrola has announced 15 agreements in Europe, with large companies such as Amazon, with which it has signed wind and photovoltaic PPAs in Spain, Portugal and the United Kingdom for the East Anglia THREE offshore wind farm. Additionally, with Italian companies such as BTicino, Acciaierie Venete, Prima Sole Components and Bayer for a total of about 50 MW. Iberdrola has strengthened alliances with large companies such as Microsoft, Meta, Salzgitter, Mercedes-Benz and Vodafone, confirming the PPA as a key tool for industrial decarbonisation, as it guarantees renewable energy at a long-term fixed and stable price. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola and Air Liquide sign a PPA to decarbonize industrial production in Spain and Portugal", "description": "Iberdrola and Air Liquide have signed a long-term power purchase agreement (PPA). Renewable energy will be supplied to Air Liquide to support its operations in Spain and Portugal..", "image": "https://www.iberdrola.com/documents/20125/5040508/parque-eolico-terrestre-726x484.jpg", "datePublished": "2025-03-14T17:20:00+01:00", "dateModified": "2025-03-14T17:20:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-and-air-liquide-sign-a-ppa-to-decarbonize-industrial-production-in-spain-and-portugal", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
