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13/09/2018Iberdrola, once more included in the Dow Jones Sustainability Index in the utilities sector Iberdrola has once again been included in the prestigious Dow Jones Sustainability Index (DJSI), the world benchmark for assessing corporate contributions to sustainable development. The company achieved an overall score of 87 points in the 2018 edition. Through an appropriate strategy that includes sustainability as one basic pillar, Iberdrola continues to strengthen its leadership in the areas of environmental management; innovation; creation of business opportunities; supply chain management and social and environmental reporting. The DJSI has recognised Iberdrola in the utilities sector for its policies aimed at combating climate change; investing in renewable energy; developing human capital; engaging with interest groups, and; attracting and retaining talent, among other goals. The company has once again been among the 15 most sustainable electricity companies in the world due to its strategic approach based on the development of renewable energies and it is one of the four utilities present in both the DJSI World index and DJSI Europe -together with REE, EDP and Terna-. Iberdrola already has a capacity of almost 29,500 megawatts (MW) of renewable electricity generation and it is a world leader in wind energy with more than 16,000 MW of installed power, both onshore and offshore. Iberdrola is the only power company in Europe to have been included in all 19 editions of the DJSI, a clear sign of its strong commitment to sustainability and confirmation of its strategy, which has responded successfully to the main economic, environmental and social challenges of international energy policy. Contribution to the Sustainable Development Goals (SDGs) Iberdrola has incorporated the Sustainable Development Goals (SDGs) defined by the United Nations for the 2015-2030 horizon into its business strategy and its sustainability policy, and it is a benchmark for its direct contribution to global objectives, particularly in its contributions in the field of energy and climate change. In this sense, the company focuses its efforts on the supply of safe, sustainable and non-polluting energy, which has made it a world leader in wind technology. In addition, it promotes the Electricity for All programme, through which more than four million people in developing countries have already been given access to electricity, the programme's goal is to reach 16 million by 2030. Furthermore, Iberdrola has always shown its commitment to reducing emissions to combat climate change and move towards the decarbonisation of the economy. The company has set the new environmental objective of achieving a 50% reduction in its CO2 emission intensity by 2030 over 2007 levels, and of being carbon neutral by 2050. Due to the characteristics of its generation mix, its investment profile and the commitments the company has assumed, Iberdrola is a key player in the electricity sector’s contribution to eliminating coal from the world economy and in achieving the objective of not exceeding an increase of 2 o C in the global temperature by the end of the century with respect to pre-industrial levels. About Iberdrola Iberdrola is a global energy leader, the biggest producer of wind power and one of the five top power companies in the world in terms of stock market capitalisation. The group is present in numerous countries and supplies energy to over 100 million people mainly in Spain, the United Kingdom (Scottish Power), USA (AVANGRID), Brazil (Neoenergia) and Mexico. With a workforce of 34,000 and assets in excess of €110 billion, it posted revenues of €31.26 billion and a net profit of €2.8 billion in 2017. Iberdrola leads the energy transition towards a sustainable model through investments in renewable energy, smart grids, efficient energy storage and digital transformation, offering the most advanced products and services to its customers. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark for its contribution to the fight against climate change and for the sustainability of the planet. Iberdrola is listed on numerous international sustainability indices, among them the Dow Jones Sustainability Index and FTSE4Good, and it is considered one of the most sustainable electricity utilities in the world. READ MORE
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10/09/2018Iberdrola wins an Innovation Award 2018 from the IMPACT2030 network for its corporate volunteering programme Madrid. Iberdrola has won the Innovation Award 2018 in the Private Sector. Activation category. The award was presented by the IMPACT2030 network in recognition of its corporate volunteering programme. IMPACT2030 is an initiative born of the global collaboration between the private sector and the United Nations with the sole mission of mobilising human capital from companies through corporate volunteer programmes to help make progress in attaining the UN’s Sustainable Development Goals (SDGs). The award won by Iberdrola highlights its innovative approaches in precisely this area. Specifically, as the judging panel has highlighted, the company has been recognised for being “an enterprise that innovates to educate, inspire and unite employees around the SDGs in their community, and offers them opportunities to become agents of change and make an impact”, as well as for “its exceptional commitment to mobilising the volunteers to work towards the SDGs." The award was presented at United Nations headquarters in New York as part of the recent inaugural IMPACT2030 Summit. Begoña Barberá, the Company’s Social Projects Manager, received the award on behalf of Iberdrola. “Our company is fully committed to the 2030 agenda and is striving to make a significant contribution towards achieving a more sustainable world”, she said. This is the first edition of the IMPACT2030 Innovation Awards, which are to be held biennially and have been established with the ambition of becoming a world reference in this area. The Iberdrola Corporate Volunteering Programme was started in 2006 and today has become a global project, aligned with the group’s values and its Sustainability Policy, creating a community of volunteers that fosters quality of life and environmental improvements for the most vulnerable people through its domestic and international projects. Although this programme contributes in one way or another to all 17 SDGs, to which Iberdrola is fully committed, it especially focusses its efforts on numbers 7 (supplying affordable clean energy), 13 (climate action), 4 (quality education), 10 (reduced inequality), and 3 (good health and well-being). About Iberdrola Iberdrola is a global energy leader, the biggest producer of wind power and one of the five top power companies in the world in terms of stock market capitalisation. The group is present in numerous countries and supplies energy to over 100 million people mainly in Spain, United Kingdom (Scottish Power), USA (AVANGRID), Brazil (Neoenergia) and Mexico. With a workforce of 34,000 and assets in excess of €110 billion, it posted revenues of €31.26 billion and a net profit of €2.8 billion in 2017. Iberdrola leads the energy transition towards a sustainable model through investments in renewable energy, smart grids, large-scale energy storage and digital transformation, offering the most advanced products and services to its customers. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark for its contribution to the fight against climate change and for the sustainability of the planet. Iberdrola is listed on numerous international sustainability indices, among them the Dow Jones Sustainability Index and FTSE4Good, and it is considered one of the most sustainable electricity utilities in the world. READ MORE
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06/09/2018Iberdrola and the RFEF renew their commitment to promoting women’s football Iberdrola and the Royal Spanish Football Federation (RFEF) have renewed their commitment to developing women’s football by continuing to promote this sport. The two organisations announced today the signing of a new three-year cooperation agreement with the aim of intensifying the support given by the energy company to the Federation and its various competitions. With this new agreement for the period 2019-2021, which was signed by the two for the first time in 2016, Iberdrola continues to be the major sponsor of the Spain's Senior National Women's Football Team and the Women’s Football First Division, which has been renamed the Iberdrola League; and it will also be the major sponsor of the Queen’s Cup and the Under 19 and Under 17 Selections. Iberdrola is therefore confirming its strong commitment to promoting a sport practised by women that now includes 15 federations and a total of 20,000 sportswomen, through its involvement in the National Sports Council’s programme Women’s Universe. The 2017/2018 season of the Iberdrola League led to considerable fame for women’s football: 65 matches were televised live, of which 32 had over 100,000 viewers. The matches were held in seven men’s first division stadiums. The Atlético Madrid women’s team drew a record number of spectators, with over 22,000 people attending the match with Madrid CFF at the Wanda Metropolitano on 17 March. Also, since 2011, the number of licences awarded by the Royal Spanish Football Federation has almost doubled to 42,000. SUPPORTING WOMEN'S SPORTS The Women’s Universe programme came about with Iberdrola’s decision to develop and implement a series of initiatives that contribute towards social transformation via the values of women's sport. To achieve this, the project seeks to strengthen the social and cultural dimension of sport to push through a change in lifestyle and activate the promotion of women's sporting competitions. Iberdrola’s commitment to women’s sports is part of its commitment to equal opportunities and the promotion and empowerment of women, a principle included among the UN’s Sustainable Development Goals (GDS), which the company has made part of its corporate strategy. The RFEF has also started a new phase of clear commitment and specific measures designed to give women’s football the place it deserves. It has therefore created the Women’s Football Committee, an organisation exclusively dedicated to promoting this sport through various departments targeting this aim. READ MORE
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31/08/2018Iberdrola has successfully installed the Andalusia II substation in the East Anglia One offshore wind farm in the United Kingdom Iberdrola has successfully installed the Andalusia II substation in position in the East Anglia One offshore wind farm, in British waters, the biggest project of its type currently under construction in the world. The substation left the shipyard in Puerto Real (Cadiz) in early August and travelled 1,333 nautical miles (2,468 kilometres) on board a barge towed by the cargo barge AMT Commander without incident. Andalusia II is the core of the Iberdrola East Anglia One offshore wind farm, with an installed power capacity of 714 MW, in the North Sea. Its function will be to collect the electricity produced by 102 wind turbines and transform it from 66 kV to 220 kV. The electricity will then be transmitted along an undersea cable to land. Andalusia II is the biggest AC offshore substation ever constructed in the world. It features design innovations developed by Iberdrola that make its structure more compact (3,900 metric tons), allowing it to be installed by a vessel specialising in the offshore wind sector. Over the next 4 months around 60 engineers will work around the clock to complete the installation of the equipment needed to commission the substation. Renewable electrical power from late 2019. Charlie Jordan, East Anglia One project director for ScottishPower Renewables, said: “The offshore substation is the single largest and most complex piece of kit that we will build for this project, so it is good to see the structure safely in place. Now we will press on with the electrical work and continue with the installation of the jackets and foundations. Around the middle of next year, we will start installing the towers and the blades, with electricity being generated before the end of 2019. It won’t be long now until the windfarm is making an important contribution to the UK’s clean energy goals.” East Anglia One, a project occupying 300 square kilometres with an overall investment in the region of €3 billion, is expected to be fully operational by 2020 to meet the annual clean energy demands of almost 600,000 British homes. Iberdrola’s renewable power plant has become an economic driver for numerous Spanish companies. One example of this was the German Wikinger offshore wind farm, for which Iberdrola was supported by Navantia and some thirty local auxiliary companies in the construction of an essential part of the offshore wind farm, the substation. The delivery of this unit, achieved in the agreed-upon time after 16 months of work, allowed the creation of an average of 450 jobs which, at peak work times, rose to 600 people. Having pioneered the move into onshore wind-powered generation, Iberdrola has decided also to spearhead the development of the renewable energy source with the best growth prospects: offshore wind, in which it already has projects in operation. Two wind farms are currently in operation — West of Duddon Sands, in the Irish Sea and Wikinger in the Baltic Sea, and a further 7,200 MW are under development in the North Sea, the Baltic, the English Channel (offshore Brittany) and off the US Atlantic coast. About Iberdrola Iberdrola is a global energy leader, the number one producer of wind power and one of the world’s biggest electric utilities by market capitalisation. The group is present in numerous countries and supplies power to around 100 million people, mainly in Spain, the United Kingdom (ScottishPower), the United States (Avangrid), Brazil (Neoenergia) and Mexico. With a workforce of 34,000 and assets in excess of €110 billion, it posted revenues of €31.263 billion euros and net profit of €2.804 billion euros in 2017. Iberdrola is leading the energy transition towards a sustainable model through its investments in energy from renewable sources, smart grids, large-scale energy storage and digital transformation in order to offer its customers the most advanced products and services. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark for its contribution to the fight against climate change and for the sustainability of the planet. Iberdrola is listed on numerous international sustainability indices, among them the Dow Jones Sustainability Index and FTSE4Good, and it is considered one of the most sustainable electricity utilities in the world. READ MORE
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08/08/2018Iberdrola starts the assembly of the first turbine for the hydroelectric power plant at Gouvães, in Portugal Assembly of the first hydroelectric turbine in Gouvães has begun, a key milestone in the construction of our Tâmega Hydroelectric Complex, one of the most significant hydroelectric projects of this type in the European energy sector in the last 25 years. This significant infrastructure, which endorses Iberdrola’s firm commitment to renewable energy, and represents an investment of €1.5 billion, consists of three plants: Alto Támega, Daivões and Gouvães. It will have a total installed power of 1,158 megawatts (MW), capable of producing around 1,766 gigawatts/hour (GWh). Specifically, the Gouvães plant, where works have just begun on installing the suction pipe for the turbine in group 4, will be an underground plant equipped with four reversible pump turbines, generating a total power of 880 MW. The assembly of these pumps, in a cavern located at an average depth of 325 metres, and of considerable dimensions - 120 metres long, 50 metres high and 20 metres wide - will take until the end of 2021 to complete, when it is envisaged they will be up and running. It must be noted that the Gouvães hydroelectric plant will be equipped with a pumped storage system, the only technology available for efficient storage of large amounts of power. At the same time, this type of installation provides the system with the flexibility required to handle the fluctuations in demand in real time. In line with the Iberdrola group's philosophy, the construction of the Portuguese complex in Támega is having a positive impact on the region’s economy, mainly in the municipalities concerned. By way of example, it is estimated that around 13,500 direct and indirect jobs will be created throughout the period of construction. Leadership in renewable energy This renewable infrastructure being being promoted by the company in Portugal, as well as its other projects currently in operation, such as East Anglia One off-shore wind farm in the UK, the photovoltaic plants at Santiago and Hermosillo in Mexico and Karankawa wind farm in the USA, only strengthens Iberdrola’s role as one of the world’s foremost power companies committed to clean energy, within its stance on addressing climate change. At the close of the first half-year, the Iberdrola group already had 29,479 MW of renewable power installed, 4.3% more than the same period of the previous year, which represented 60% of its total installed power worldwide, which stood at 48,871 MW. This generation mix includes increasingly more renewable energy and has allowed the company to continue reducing its emissions during the first half-year of 2018: at the close of June, 61% of Iberdrola’s worldwide production was emission free, a percentage that reached 89% in Spain. READ MORE
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04/08/2018Iberdrola starts the transfer of the Andalusia II substation from Cádiz to the East Anglia One offshore wind farm in the United Kingdom Cádiz.- The 'Andalusia II' substation began its sea crossing last Saturday from the shipyard in Puerto Real (Cádiz) to the East Anglia One offshore wind farm that Iberdrola is building in British waters. The loading operation started at ten o'clock in the morning and went according to plan. The substation will be transported on a barge towed by the 122-metre-long Wagenborg 9. It is expected to reach its destination in approximately seven days, depending on weather conditions, having covered the 2,468 kilometres that separate the Bay of Cádiz from its destination in the United Kingdom, so that it can be installed at the Iberdrola wind farm at the end of August or beginning of September. During the next few months the remaining components of the wind farm will also be installed on site, among them the piles and the jacket foundations and finally the wind turbines. East Anglia One will enter into operation in 2020 and generate enough clean energy to supply nearly 600,000 British households. Innovation at the largest AC offshore substation The Andalusia II offshore substation is the central nucleus of the wind farm being built by Iberdrola in British waters: its function is to collect the electricity produced by the wind turbines and transform it from 66 kV to 220 kV. Electricity will subsequently be transmitted through the marine cable to the mainland, minimising potency losses along the journey. Andalusia II is the biggest AC offshore substation ever constructed in the world. It features design innovations conceived by Iberdrola making for a more compact structure (3,900 metric tons), allowing it to be installed by a vessel specialising in the offshore wind sector. Economic motor for local business and employment The East Anglia One offshore wind farm has become one of the main economic drivers for Spanish companies. As had already been the case with the Wikinger offshore wind project (now operational in German waters), Iberdrola was supported by Navantia and some thirty local auxiliary companies in the construction of a fundamental element of the offshore wind farm, the substation. The delivery of this unit, achieved in the agreed-upon times of 16 months of work, has allowed the creation of an average of 450 jobs -mostly local ones- which at peak times of work increased to 600 people. Having pioneered the move into onshore wind-powered generation, Iberdrola has decided also to spearhead the development of the renewable energy source with the best growth prospects: offshore wind, in which it already has projects in operation. Two wind farms are currently in operation — West of Duddon Sands, in the Irish Sea and Wikinger in the Baltic Sea, and a further 7,200 MW are under development in the North Sea, the Baltic, the English Channel (offshore Brittany) and off the US Atlantic coast. READ MORE
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27/07/2018Iberdrola signs the first Power Purchase Agreement with a bank (a long term renewable energy contract) in conjunction with Kutxabank Bilbao, 27 July 2018. Iberdrola has concluded a long-term Power Purchase Agreement (PPA) to supply electricity based on renewable assets. The agreement is to run for 10 years and has become the first contract in the world of this kind to be signed between an energy company and a bank. All of the energy supplied will be renewable and come from the Nuñez de Balboa solar facility which Iberdrola is set to build in Usagre (Badajoz-Extremadura). With a capacity of 391 MW, this will be Europe’s largest photovoltaic project. The contract will allow Grupo Kutxabank to use this kind of renewable electricity exclusively at all of its banking premises and branches across Spain. It will therefore manage to avoid making over 15,000 tons per year of CO2 emissions, thus contributing to the economy’s decarbonisation strategy. Iberdrola has highlighted the significance of the agreement, as well as the “concept of additionality in establishing a new renewable facility that will enable Kutxabank to be supplied with clean energy”. From its side, Kutxabank said that “the agreement represents another step for Kutxabank in its ongoing efforts to mitigate its carbon footprint from a business activity where the impact is only very small because of its very nature, but which it also seeks to offset with an array of different initiatives”. The world’s leading renewable company Iberdrola is the world’s foremost renewable energy company, with installed capacity of over 29,400 MW, of which more than 15,800 MW is in Spain. Having invested over 95 billion euros in clean energy in the past 18 years, renewables will remain one of the group’s top priority commitments: the company plans to invest 32 billion euros up to 2022, of which 37% is earmarked for developing renewable projects. As one of Spain’s most prominent banking groups and a market leader when it comes to financial solvency, Kutxabank has for some time now factored environmental, social and corporate governance-related considerations into its procedures for weighing up and taking investment decisions. In this regard it is an institution which has its activities firmly rooted in corporate social responsibility. About Iberdrola Iberdrola is a global energy leader, the number one producer of wind power and one of the world’s biggest electricity utilities by market capitalisation. The group is present in numerous countries and supplies power to around 100 million people, mainly in Spain, the UK (ScottishPower), the US (Avangrid), Brazil (Neoenergia) and Mexico. With a workforce of 34,000 and assets in excess of €110 billion, it posted revenues of €31.263 billion euros and net profit of €2.804 billion euros in 2017. Iberdrola is leading the energy transition towards a sustainable model through its investments in energy from renewable sources, smart grids, large-scale energy storage and digital transformation in order to offer its customers the most advanced products and services. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark for its contribution to the fight against climate change and for the sustainability of the planet. Iberdrola is listed on numerous international sustainability indices, among them the Dow Jones Sustainability Index and the FTSE4Good, and it is considered one of the most sustainable electricity utilities in the world. READ MORE
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26/07/2018Ignacio Galán: “We need to reinforce our networks. Every dollar or pound or euro we put in will be remunerated with a fair level” Iberdrola SA’s Chief Executive Officer Ignacio Galán has been interviewed by Reed Landberg and Rodrigo Orihuela in Madrid and today, 26th July, the interview has been published in Bloomberg . Ignacio Galán said selling power directly to environmentally-conscious companies and running grids that earn a predictable return are at the heart of the strategy for Spain’s biggest energy supplier. Furthermore, he reckoned Iberdrola has an edge over new entrants in that business both because of the scale of its green-energy portfolio it holds and because its grid networks span Spain, Britain, Mexico, the U.S. and Brazil. Iberdrola was the first major utility to begin investing more than $1 billion a year in wind farms starting in the last decade. By 2022, Iberdrola’s networks will absorb half of the 32 billion euros ($37 billion) it plans to invest worldwide. READ MORE
