News
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29/08/2025 - 08:58 UTC +02:00Avangrid and SmartestEnergy sign deal to supply energy from two wind farms in New Hampshire Avangrid, the Iberdrola Group’s US subsidiary , and SmartestEnergy, a global provider of renewable energy solutions for businesses, have signed a power purchase agreement (PPA) from two Avangrid facilities in New Hampshire. SmartestEnergy will receive the total capacity of Avangrid's Lempster and Groton energy projects, which together total 72 megawatts (MW). This agreement represents the first long-term power purchase agreement between the two companies. Lempster is a 24 MW wind farm located in Sullivan County, which began operating in 2008, becoming New Hampshire's first modern, commercial-scale wind facility. Groton is a 48 MW wind facility in Grafton County, which went online in 2012. Avangrid operates in 23 states and has an energy capacity of 10.5 GW from 80 projects. You can read the full story at the Avangrid Press Room. READ MORE
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28/08/2025 - 08:12 UTC +02:00ScottishPower begins expansion and repowering of its British wind farms Arecleoch and Kilgallioch Iberdrola is continuing to move forward in improving and modernising its renewable facilities around the world. Through its UK subsidiary ScottishPower , the company has begun expansion works at its Arecleoch and Kilgallioch wind farms, located in the Scottish council areas of South Ayrshire and Dumfries and Galloway. This will enable the electricity company to increase both facilities’ production capacity and improve their efficiency, advancing the unstoppable process of the economy’s electrification. After obtaining all the relevant administrative and environmental permits, Arecleoch and Kilgallioch will have 13 and 9 additional wind turbines respectively, enabling them to achieve a combined installed capacity of around 485 megawatts (MW). Once the process is complete, both wind farms will be capable of generating enough clean electricity to meet the energy needs of around 300,000 British households. The benefits of Iberdrola's renewed commitment to these two facilities will also extend to the communities in which they are located, both in terms of socio-economic and environmental value creation. To date, Arecleoch and Kilgallioch, operational since 2011 and 2017, have generated a combined tax contribution of almost £16M (or more than €18.5M at the current exchange rate) and are expected to contribute more than £31.4M (over €36.3M) to local coffers by the end of their useful life. On the environmental front, Arecleoch’s expansion includes the restoration of 34 hectares of peat bogs on reforested land. As for Kilgallioch, 25 hectares of peat bogs have been rehabilitated. The land surrounding this farm, located in the Kirkcowan Flow Special Area of Conservation, will undergo significant restoration to improve habitat resilience and restore natural water flows. Iberdrola, a leading energy player in the United Kingdom Through ScottishPower, Iberdrola is one of the largest energy companies in the UK. Its activities focus on electricity networks, renewable energy, and energy retail. Regarding the first area, Iberdrola’s UK subsidiary currently operates, under its brands SP Energy Networks and SP Electricity North West (following the acquisition of ENW ), as the second-largest distribution network operator in the UK. It supplies electricity to around 12 million people through more than 170,000 kilometres of power lines. SP Energy Networks distributes and connects electricity in Merseyside, Cheshire and North Shropshire (England), North Wales, as well as central and southern Scotland. SP Electricity North West distributes electricity in north-west England, including Manchester and the Lake District, and also owns and operates the high-voltage transmission network in central and southern Scotland. Iberdrola plans to invest up to €13.902 billion (approximately £12 billion) by 2031 under RIIO-T3 in a major programme to renew UK infrastructure and boost electrification. In terms of renewables, ScottishPower has almost 3,100 MW of installed capacity, comprised of 40 onshore wind farms and two offshore projects. It is also building the East Anglia Three offshore wind farm, the second largest in the world, as well as East Anglia Two and East Anglia One North . Together with the already operational East Anglia One, they will form the East Anglia Hub, an ambitious project that will generate up to 3.9 GW of capacity on the UK’s east coast. Finally, in the retail sector, ScottishPower, with 4.2 million customers, is one of the largest energy suppliers in the UK. It sells electricity and gas, while also helping customers install smart solutions such as electric vehicle chargers, heat pumps, and domestic solar systems in homes across the country. You can read the full news story in the ScottishPower Renewables Press Room. READ MORE
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26/08/2025 - 11:19 UTC +02:00Neoenergia breaks record with eight trophies at the 2025 Abradee Awards Neoenergia, Iberdrola’s subsidiary in Brazil , has consolidated its position as a leader in the Brazilian electricity sector by achieving a record with eight trophies at the 2025 Abradee Awards, including the awards for Best Company in the sector nationwide, as well as in the Northeast and South-West regions, and Best Operational Improvement – the most prestigious categories. These awards, promoted by the Brazilian Association of Electricity Distributors, are regarded as the most important in the sector. They recognise energy distributors that have stood out in areas such as management quality, innovation, sustainability, customer evaluation and operational performance, among others. This year’s event had special significance, as it coincided with Abradee’s 50th anniversary and bringing together sector authorities, government representatives, regulatory agencies and business leaders. You can read the full story in Neoenergia’s Media Room . READ MORE
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25/08/2025 - 14:04 UTC +02:00Carbon2Nature Brazil partners with Biomas on a native forest restoration project Carbon2Nature Brasil, a joint venture between Neoenergia, Iberdrola's subsidiary in Brazil , and Carbon2Nature , an Iberdrola Group company that develops nature-based solutions, has just partnered with Biomas as co-developer of the Muçununga Project. This initiative aims to restore some 1,200 hectares of Atlantic Forest on land distributed across eight municipalities in southern Bahia. The investment will reach approximately €8.5M. Over the next two years, Biomas and Carbon2Nature Brazil will plant around 2 million seedlings of more than 70 native species such as araçá, copaíba, guapuruvu, ipê-amarelo and jatobá. This wide diversity guarantees the recovery of ecological corridors, benefiting the natural ecosystem and increasing the value of the project. In addition to restoring the ecosystem and recovering biodiversity, the project will support local socio-economic development and is expected to generate 80 direct jobs in the region. You can read the full story at Neoenergia's Press Room . READ MORE
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22/08/2025Neoenergia opens a new section of the Morro do Chapéu transmission line Neoenergia, Iberdrola’s subsidiary in Brazil , began commercial operation this month of the Poções III/Medeiros Neto II section in Bahia, which forms part of the Morro do Chapéu transmission line project. Construction was completed in the second quarter, finalising the in stallation of 633 MVAr at the Poções III and Medeiros Neto II substations, allowing the project to become operational in August. Spanning 317 kilometres, comprising 629 towers and operating at 500 kV, this section of the transmission network is the fourth of five in the Morro do Chapéu project, which is part of Lot 2 of the auction held by the National Electric Energy Agency (Aneel) in 2020. Strategic national function With a total length of 1,091 kilometres, crossing the states of Bahia, Minas Gerais and Espírito Santo, the Morro do Chapéu project will be responsible, among other benefits, for transporting energy to support the expansion of the main grid in the southern part of the Northeast Region. The transmission line will facilitate the transport of energy from already contracted power plants in the region and will increase capacity for the connection of new generation projects. You can read the full story at the Neoenergia press office . READ MORE
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21/08/2025 - 13:31 UTC +02:00East Anglia THREE offshore converter station jacket beds down in North Sea Weighing in at around 3,700 tonnes and standing 59 metres high, the four-legged jacket foundation for the green energy company’s £4 billion East Anglia THREE offshore windfarm is now fixed to the seabed – 69km off the coast of Suffolk – at a water depth of 36m. The installation was completed by Heerema Marine Contractors’ SSCV Sleipnir – the biggest crane vessel in the world – after sailing in from Aker Solutions’ Verdal fabrication yard in Norway. The 1.4 GW East Anglia THREE offshore windfarm will be the biggest-ever windfarm across the whole of the Iberdrola group and among the largest in the world when it comes into operation at the end of 2026 – producing enough clean energy to power the equivalent of more than 1 million homes. Pedro Fernandez, ScottishPower Renewables’ East Anglia THREE Project Director, part of Iberdrola's subholding company in the United Kingdom , said: “The offshore construction programme for East Anglia THREE is the biggest feat of engineering we’ve ever undertaken – to see 3,700 tonnes of steel lifted safely and securely into place, with exacting and medical precision, is a truly impressive sight. You can read the full story in the Scottish Power Press Room . READ MORE
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20/08/2025 - 11:43 UTC +02:00Avangrid completes solar module production at SEG Solar’s new plant in Texas Avangrid, the US subsidiary of the Iberdrola Group , has completed the assembly of more than 200,000 solar modules manufactured by SEG Solar at its new plant in Houston, Texas. These modules will be installed at Avangrid’s Tower Solar project, with a capacity of 166 MWdc (120 MWac), located in Morrow County, Oregon. The facility will supply power to Portland General Electric’s (PGE) grid and support Meta’s data centre operations in the region. Avangrid’s Tower Solar project is currently under construction and is expected to be completed in 2026. The facility will deliver clean, renewable energy to PGE’s grid through the Green Future Impact (GFI) programme, a voluntary initiative designed to help commercial, industrial and institutional customers achieve their sustainability and carbon reduction goals by developing new clean energy facilities in the region. You can read the full story in Avangrid’s Press Room. READ MORE
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18/08/2025 - 18:37 UTC +02:00Iberdrola’s management team meets in Bilbao as company hits record market valuation Iberdrola Executive Chairman, Ignacio Galán , met today in Bilbao with the company’s management team during his traditional gathering held on the occasion of Bilbao’s Aste Nagusia. Executive Chairman Galán congratulated the people of Bilbao on their Semana Grande festivities and reaffirmed the company’s Basque roots, as it prepares to celebrate its 125th anniversary next year. The meeting comes just weeks after the completion of two major operations for Iberdrola: a €5 billion capital increase to finance growth investments in the networks business in the United Kingdom and the United States , and the agreement reached for the divestment of operations in Mexico for $4.2 billion. The market has responded very positively to both transactions, with a share price increase of more than 7% since the capital increase was executed, comfortably surpassing the pre-operation valuation. As a result, Iberdrola now exceeds €108 billion in market capitalization, consolidating its position as the leading private utility in Europe and the second largest in the world by market capitalization. Commitment to the Basque Country Iberdrola’s economic impact in Euskadi in 2024 exceeded €3.5 billion, with a total contribution of more than €11 billion to the Basque economy over the past three years. Specifically, Iberdrola contributed nearly €800 million to the Basque tax authorities in 2024, a 15% increase, and made purchases worth more than €2 billion from over 520 Basque suppliers. READ MORE
