News
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26/06/2025 - 12:12 UTC +02:00Carbon2Nature and MERLIN Properties join forces to create the MERLIN Forest, restoring more than 200 hectares Carbon2Nature , an Iberdrola Group company that aims to reduce the global carbon footprint and have a positive impact through nature-based actions, and MERLIN Properties have joined forces to create the MERLIN Forest, a reforestation initiative that reinforces their leadership in sustainability. This project represents a long-term and pioneering commitment in the real estate sector, in which Carbon2Nature will be responsible for its technical management, maintenance and monitoring and MERLIN will assume responsibility for the forest for the next 50 years. A forest to restore a degraded area in a zone of high ecological value The MERLIN Forest aims to restore an area severely affected by a major fire in 2022, the largest recorded in the province of Salamanca, Spain so far this century. Located in the municipality of Serradilla del Llano, near Ciudad Rodrigo, the project covers 200 hectares in an area with high environmental and landscape value. The aim is to create a native forest, which not only restores the ecosystem, but also strengthens it in the face of future environmental challenges and contributes to the local economy, generating a broad positive impact. * 192 hectares restored * More than 300,000 trees planted from five native species * More than 160,000 tons of CO₂ captured in 50 years and certified in accordance with the absorption project standard of the Spanish Ministry for Ecological Transition and Demographic Challenge. Adjacent to the Las Batuecas - Sierra de Francia Natural Park, this ecosystem will become a refuge for biodiversity, creating habitats for wildlife and pollinators, improving soil quality and conserving water. The project has a strong social impact: it creates rural employment, works against rural flight and creates new opportunities for local communities. A partnership for the future The MERLIN Forest is also an example of how partnering between companies can generate real solutions to major environmental challenges. With this initiative, MERLIN Properties and Carbon2Nature demonstrate that the real estate industry can lead the change, investing in a responsible and forward-looking model. READ MORE
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25/06/2025 - 15:00 UTC +02:00UPF Barcelona School of Management rewards the values-laden leadership of Ignacio Galán, Executive Chairman of Iberdrola In an emotional ceremony held today at the Universitat Pompeu Fabra - Barcelona School of Management, the Executive Chairman of Iberdrola , Ignacio Galán, was honoured with the Business Person of the Year award, a recognition that highlights his work marked by vision, innovation and commitment to society. During his speech, the Executive Chairman recalled how 25 years ago Iberdrola undertook a radical transformation of the energy sector, committing to electrification with clean energy, smart grids and storage. A commitment that, at the time, went against the tide, but which today has positioned the company as a global benchmark in sustainability and growth. The Executive Chairman also highlighted the role of companies as agents of social change: "More than two decades ago, we chose a path that seemed risky at the time, but which today has proven to be the right one". Thanks to a strategy based on innovation, sustainability and internationalisation, Iberdrola now operates in more than 30 countries and has increased the value of its assets eightfold, reaching 160 billion euros. Its market capitalisation exceeds 100 billion euros -10 times more than in 2001-, consolidating its position as the largest electricity company in Europe and one of the two largest in the world. Effort, behind all the growth During his speech, the Executive Chairman stressed that this award has a special meaning for him as it comes from an institution that shares the same principles that have guided its management: "An institution that has made its four great values - the vocation to transform, the generation of positive impacts on society, ethics and continuous improvement - the basis for the success of the School itself and of those who are trained here. Values that have a lot to do with my 25 years at Iberdrola". Beyond business achievements - such as a tenfold increase in market capitalisation or leading investment in energy innovation - the Executive Chairman stressed that the real driving force behind this success has been values and, above all, people. "Companies are people who work for and with people. None of what we have achieved would have been possible without a culture based on effort, honesty, loyalty and team spirit. These were the foundations of our first strategic plan in 2001, and they have accompanied us ever since on a path of continuous improvement," he said. In view of the new context, the Executive Chairman stressed that Iberdrola faces the future from a position of solid leadership and with a clear vision: to be the protagonist of the greatest energy transformation in history. With global electricity demand set to double in the next two decades, the company is prepared to respond to this challenge thanks to a model based on clean energy, smart grids, storage and digitalisation. "We are at the beginning of a phase of tremendous growth, and our model puts us in the best position to take advantage of the greatest development prospects in our 125-year history," said the Executive Chairman. The President closed his speech with a declaration of principles: "The true dimension of leadership is to turn business achievements into shared progress, tangible well-being and concrete opportunities for people". Ana Freire, Vice-Dean for Social Impact and Academic Innovation at the UPF Barcelona School of Management, was in charge of reading out the award winner's merits. Freire pointed out that Sánchez Galán, at the head of one of the largest electricity companies in the world, has spearheaded one of the most important energy transformations in the sector in recent decades. Under his leadership, Iberdrola has established itself as a global benchmark in renewable energies and smart grids in markets around the world. José Manuel Martínez Sierra, Director General of the UPF Barcelona School of Management, went on to recall that Harvard also recognises Ignacio Galán as one of the five most brilliant CEOs in the world. READ MORE
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24/06/2025 - 13:22 UTC +02:00Pedro Azagra New CEO of the Iberdrola Group The Board of Iberdrola, S.A. has appointed Pedro Azagra as Group CEO, who until now has held the position of CEO of the USA subsidiary, replacing Armando Martínez. Pedro Azagra has been with Iberdrola for 25 years, first as Executive Director of Development with responsibility for the Company's international expansion, and for the past three years as CEO of Iberdrola's subsidiary in the United States. Pedro Azagra earned a degree in Law and Business Administration from the Instituto Católico de Administración y Dirección de Empresas (ICADE) at the Universidad Pontificia de Comillas in Madrid, where he has been imparting his knowledge as professor of Corporate Finance and Mergers and Acquisitions. With an MBA from the University of Chicago (United States), he developed his professional career in the investment banking division of Morgan Stanley until joining the Iberdrola Group. Until now, he has been CEO of Iberdrola's subsidiary in the United States, President of Avangrid Power and Avangrid Networks, and he currently serves on the Board of Directors and Audit Committee of Neoenergia, Iberdrola's Brazilian subsidiary. The position of CEO in the USA will be filled by José Antonio Miranda, current CEO of Avangrid Power. He has extensive leadership experience in the industry. He earned a master´s degree in industrial engineering from the University of Oviedo and an MBA from ICADE. He served as CEO of Gamesa in China and the USA. He serves on the board of American Clean Power and is a member of the International Renewable Energy Agency (IRENA). Updated at 17:45 UTC +02:00. READ MORE
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24/06/2025 - 13:20 UTC +02:00Iberdrola to distribute dividends of at least €0.404 per share in July TIMELINE FOR THE “IBERDROLA RETRIBUCIÓN FLEXIBLE ” COMPLEMENTARY DIVIDEND SCHEME 2 July 2025 Announcement of the number of free allocation rights required to receive one share and the gross amount of the complementary dividend per share. 3 July 2025 Publication of the capital increase announcement. Last day shares are traded with dividend rights. 4 July 2025 Date from which shares no longer carry dividend rights under the “Iberdrola Retribución Flexible” scheme. Also known as the ex date. Start of trading periods for free allocation rights and common election. 17 July 2025 End of trading periods for free allocation rights and common election. 28 July 2025 Payment of the complementary to shareholders who opted for the cash alternative. Issuance of new shares under the capital increase. 30 July 2025 Expected date for the start of ordinary trading of the new shares to be issued as part of the capital increase. READ MORE
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24/06/2025 - 11:34 UTC +02:00Iberdrola, the Spanish company with the best corporate governance according to World Finance Iberdrola has been selected for again this year as the company with the best corporate governance practices in Spain according to the British publication World Finance, a leading expert in analysis of finance, international business and the world economy. World Finance’s Corporate Governance Awards recognise companies with the strongest governance models in each country that demonstrate their commitment to transparency and accountability, creating a better society and helping to address the biggest problems facing the world today. Leadership in corporate governance is one of Iberdrola's hallmarks, which has accompanied the business model initiated 25 years ago with which the electricity company has become the leading company in the industry in Europe and one of only two private utilities in the world with a market capitalisation of more than €100B. An international benchmark for transparency and engagement This evolution has also elevated Iberdrola to the category of international benchmark in good governance, backed by multiple national and international awards for its governance model and its commitment to ethical principles. Iberdrola's Governance and Sustainability System incorporates best practices with innovative and pioneering initiatives such as those developed under the framework of the permanent shareholder engagement policy. Coinciding with the tenth anniversary of this policy, the company has opened a new engagement space on the corporate website and, in addition to the customary institutional roadshow, has organised a round of meetings with its minority shareholders to maximise transparency and active listening to its shareholder base. The result of this ongoing involvement is the massive level of shareholder participation at the General Meeting, which was just held this year with a quorum of more than three quarters of the share capital and support for all the proposals of the Board of Directors exceeding 99% of the total votes in favour and against This ongoing engagement has resulted in massive shareholder participation in the General Meeting, which was held earlier this year with a quorum of more than three-quarters of the share capital and support for all of the Board of Directors' proposals of over 99% of the total votes cast. Thanks to direct knowledge of the expectations of its stakeholders, Iberdrola's corporate reports go beyond legal requirements and good governance recommendations. This is evidenced by the launch of the sustainability report 15 years before it became mandatory in Spain, of the tax transparency report that reflects Iberdrola España's commitment to best tax practices for the benefit of the entire company, and of the latest annual corporate governance report prepared in open format, which expands the description of the activities of the Board of Directors and its committees and incorporates new content on ethics and compliance, among others. The highest ethical standards Iberdrola's Governance and Sustainability System is inspired by and based on a commitment to ethical principles, transparency, and leadership in the application of international best practices. To implement the highest ethical standards established in its Governance and Sustainability System, the company has established a Compliance System that seeks to ensure that it acts in accordance with ethical principles and applicable law and to prevent any irregular conduct of any kind. Iberdrola has published its compliance system transparency report this year like those in the past, being the first Ibex 35 company to undertake work of this nature. It represents another step in the company's commitment to the implementation and continuous improvement of a robust corporate culture and reaffirms a business model that respects the rights of customers, employees, shareholders, and all of its stakeholders in general. READ MORE
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19/06/2025 - 09:30 UTC +02:00Iberdrola España signs a wind power purchase agreement with Renfe for 3,700 GWh until 2035 Iberdrola España, Iberdrola's subsidiary in Spain, and Renfe, Spain's main railway company, join forces to promote the use of wind power in passenger and freight rail transport in Spain, the most electrified mode of transport. The two companies have signed an agreement to purchase onshore wind energy through a VPPA (Virtual Power Purchase Agreement) for 370 GWh a year for a period of 10 years, equivalent to the output generated by 190 MW of wind power. This partnership strengthens the competitiveness of onshore wind technology within the country's energy mix, while contributing to the reduction of annual CO2 emissions in Spain by more than 2 million tonnes. Leader in the European PPA market The Iberdrola Group has extensive experience in PPAs. The company manages power purchase agreements in Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil, Mexico and Australia for onshore and offshore wind and photovoltaic projects. Europe's leading power utility by market value and the world's second largest in the world has been offering innovative PPA propositions for more than a decade. For the second consecutive year, Iberdrola Group has been confirmed as the leader in the European PPA market, according to the Pexapark Renewables Market Outlook 2025 report, with 1,251 MW contracted in 2024, 38% more than in 2023. Iberdrola has announced agreements in Europe with major 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. It has also signed agreements with other global customers such as Bayer, BP, Telefónica, Burger King, Salzgitter, as well as local customers. Europe's leading electricity company in terms of stock market value has also strengthened global partnerships with major companies such as Microsoft, Meta, Salzgitter, Mercedes-Benz and Vodafone, confirming the PPA as a key tool for industrial electrification, as it guarantees renewable energy at a fixed and stable price over the long term. You can read the full story at the Iberdrola España Press room . READ MORE
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17/06/2025 - 16:19 UTC +02:00Iberdrola España and FCC open EnergyLOOP, the first wind turbine blade recycling plant on the Iberian Peninsula Iberdrola España , the Group's subsidiary in the country, and FCC Ámbito have inaugurated EnergyLOOP in Navarra, in northern Spain, the first plant specifically dedicated to recycling wind turbine blades on the Iberian Peninsula. This facility will recycle components from renewable facilities, one of the biggest medium- and long-term challenges facing the industry. The recycling plant was created to recover the components of wind turbine blades and reuse them in industries such as energy, aerospace, automotive, textiles, chemical and construction, which contributes to the transformation of the wind industry into a truly circular economy through investment in comprehensive recycling solutions for blades. An estimated 5,700 wind turbines per year will be dismantled in Europe by 2030 from repowering wind farms or from facilities reaching the end of their useful life. The plant, sponsored by Iberdrola through its PERSEO programme, has involved an investment of around €10M and will also contribute to the creation of an innovative and dynamic value chain. You can read the full story at the Iberdrola Spain Media Room. READ MORE
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16/06/2025 - 12:00 UTC +02:00Iberdrola inaugurates the largest fast-charging electric car park in Madrid Iberdrola España, a subsidiary of the Iberdrola Group in the country, and the Community of Madrid inaugurate one of the largest electric charging stations in Spain and the most important in Madrid in terms of the number of fast charging points for electric vehicles. Iberdrola España , which is responsible for installing the charging points and will also handle the operation and maintenance of the station, further strengthens its commitment to electric mobility . In total, the station will enable the electric charging of 47 parking spaces, all equipped with solar panels to maximise the installation’s energy efficiency and to supply up to 100 families or businesses with nearby renewable energy, while saving on their electricity bill. With more than 9,500 public charging points with a 100% renewable origin guarantee, Iberdrola’s electric mobility network is the most extensive in Spain. In total, in public and private charging points, the company's network exceeds 45,000 chargers. You can read the full article in Iberdrola España’s Communications Room . READ MORE
