News
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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
