News
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18/03/2019Iberdrola places Extremadura at the centre of its commitment to renewables in Europe, with 2,000 new megawatts by 2022 Iberdrola plans to install another 2,000 megawatts (MW) of solar and wind power in Extremadura by 2022, thus placing this region right in the middle of its European renewable strategy. The announcement was made today by the group’s Chairman, Ignacio Galán, during the groundbreaking ceremony which saw the first solar panel installed at the Núñez de Balboa photovoltaic (PV) plant in Usagre (Badajoz). Also in attendance was the President of Extremadura regional Government, Guillermo Fernández Vara, and other local authorities. Of the new projects in the region some are at an advanced stage of development, including the Ceclavín, Arenales and Campo Arañuelo I and II PV plants. The new renewable generation capacity will mean doubling up the capacity attributed to Iberdrola from the Almaraz nuclear power station[1] . This move is the result of the company’s plan to reactivate clean energy in Spain, where the company will invest €8 billion between 2018 and 2022, and commission up to 10,000 megawatts by 2030; plans which were recently presented at its Strategic Outlook update in London. “This plan will allow us to create jobs for 20,000 people, nearly 10 times the number currently working in our company on traditional power generation,” explained the Chairman of Iberdrola, Ignacio Galán. The projects under development in Extremadura and the rest of Spain form part of the €34 billion global investments that Iberdrola will make between 2018 and 2022. Núñez de Balboa has 500 MW installed capacity and is the largest photovoltaic project under construction in Spain and Europe. During his speech, Ignacio Galán highlighted that “this renewable mega-facility will become the spearhead that will consolidate the leadership position of Extremadura, Spain and the European Union in the transition to a more sustainable energy system.” In this plant, scheduled to be commissioned in 2020, Iberdrola will invest some €300 million and will create up to 1,000 construction jobs. Local companies, such as Ecoenergías del Guadiana, Imedexsa, Cubillana, Elaborex and the Instituto Aeronáutico will also participate in this project. As Ignacio Galán explained, the Núñez de Balboa plant will occupy nearly 1,000 hectares surface area and will generate enough clean power to supply 250,000 people, which is more than the population of the cities of Cáceres and Badajoz combined. “The plant will also avoid the emission of 215,000 tons de CO2 into the atmosphere each year, strengthening our commitment to protecting the environment and mitigating global warming,” said the company’s Chairman. Iberdrola in Extremadura The Chairman of Iberdrola referred today to the “permanent link” between the company and Extremadura, “a union that was forged through many decades of trust and mutual commitment.” The company has 720 employees[2] in the region while creating hundreds of additional jobs through procurement from local suppliers, which in 2018 alone totalled 175 million euros. In addition, Iberdrola is working to offer the best service to its customers in Extremadura. Last year, the quality of the company’s supply to this autonomous region attained a historical record, five times better than that of ten years ago. [1] Capacity at Almaraz nuclear power plant stands at 2,095 MW of which Iberdrola controls 53% [2] Figure includes 100% of Almaraz nuclear power plant READ MORE
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15/03/2019Ignacio Galán meets with over 300 Iberdrola employees and encourages them to fulfil the group’s new challenges The Chairman of Iberdrola, Ignacio Galán, met with over 300 of the group's employees this morning on the Iberdrola Campus in San Agustín del Guadalix (Madrid) with the aim of encouraging them to fulfil the company's goals for the coming years while answering their questions about the company’s strategy. Galán and this team of professionals analysed the keys to delivering the targets set in the recently updated 2018-2022 Strategic Outlook. The Chairman of Iberdrola discussed with the employees how to specify and optimise the investments planned for the period, which amount to €34 billion, of which €8 billion are earmarked for Spain. They also reviewed the steps needed to achieve a net profit of between €3.7bn and €3.9bn by 2022 - up to 30% higher than in 2018, and gross operating earnings (EBITDA) of over €12 billion. This meeting, which is held every year in the weeks leading up to the General Shareholders' Meeting, was attended by Iberdrola employees from Spain, UK, USA, Mexico, Brazil, Qatar, Italy, Hungary, France, Portugal, Greece and Germany. During the sessions, considerable attention was given to the corporate purpose and values of the Iberdrola group, approved by the Company’s Board of Directors. The company’s purpose is "to continue building together each day a healthier, more accessible energy model, based on electricity". It expresses the value that the company brings to society from its role as corporate citizen and reflects its commitment to the transformation of the current energy model towards a new paradigm in which priority rests on the well-being of people and the preservation of the planet. This purpose is in line with the UN Sustainable Development Goals (SDGs) for 2030. To fulfil this purpose, Iberdrola’s activities are based on three values that define the identity of the group and form the backbone of the company’s strategy: sustainable energy, integrating force and dynamic drive. These represent a commitment to the creation of economic, social and environmental value, as well as to the sum of talent, diversity, innovation and anticipation. READ MORE
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14/03/2019Iberdrola allows its customers to choose which renewable project their green energy consumption will be sourced from Iberdrola has expanded the options for choosing how and when to use electricity, to enable their customers to select the source of the green energy they consume. In a pioneering role in Spain, Energy Wallet offers the option of selecting the renewable energy plant – windfarm or hydroelectric power station – where you want your electricity supply to be generated. The energy produced by such plants is 100% renewable and comes with Guarantees of Origin (GdO, Garantías de Origen), issued by the National Commission for Financial Markets and Competition (CNMC). What's more, the traceability process right up to installation will be certified by the independent accrediting organisation AENOR. “This initiative places the consumer right at the heart of technological innovation and goes some way to making them part of the changeover to a clean and sustainable energy model,” explains Raquel Blanco, Smart Solutions director at Iberdrola. Online selection of the renewable energy plant and benefits for the environment Right now there are twelve renewable energy plants to choose from when buying renewable energy bundles, including the windfarms at Dueñas, in Palencia; Venzo, in Cadiz; Savalla, in Tarragona; Nogueira, in Orense; and Esparta-l, in Zaragoza; as well as the hydrolectric power plants at Tranco del Lobo and Bosque, in Albacete; Soto Albúrez, in Palencia; Norias, in La Rioja; Portlux, in Valencia; Palomarejo, in Toledo and Labastida, in Álava. On the Iberdrola website, the customer can identify the type of renewable energy plant, its name, location, the CO2 emissions it avoids emitting and the energy previously ordered by customers. Green energy bundles at an agreed price Energy Wallet is a solution that offers the option of buying renewable energy bundles for periods of six months, one year or two years, letting you know in advance the overall cost of the energy supplied. You can also pay a fixed monthly fee, depending on your actual monthly consumption, or upfront, an option with discounts of up to 15%. Energy Wallet is a 100% digital solution that can be managed using the App or the Iberdrola website. It lets you know how much energy you have consumed, as well as the estimated time left for available energy, and lets you manage the package agreed. The application includes an energy advisor, so you have more control over your consumption, and it can also incorporate other commodities, so they can be managed as one. Intelligent solutions adapted to consumer habits Energy Wallet forms part of the intelligent solutions that Iberdrola offers any customer who wishes to choose how and when they consume electricity, geared to how they live and their decision to take a hand in creating a sustainable environment. These smart solutions, all powered by 100% renewable energy, are designed to meet the latest needs of sustainable mobility [Iberdrola Smart Mobility], own consumption [Iberdrola Smart Solar] and managing and controlling home devices [Iberdrola Smart Home]. READ MORE
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06/03/2019Iberdrola completes the first optical fibre use concession transaction in Europe Iberdrola has reached an agreement with Lyntia Networks for the exclusive, long-term assignment of the rights of use of part of its dark fibre network - the excess capacity – in Spain. The 260 million euro transaction also envisages the purchase by Lyntia of the energy company’s optical fibre customer contract portfolio, for both dark and lit fibre. Iberdrola has therefore finalised the very first optical fibre use assignment transaction in the Spanish and European markets, adding value to a non-strategic asset and setting the trend for future movements in the telecoms market as it focuses on the growth around 5G. Under this agreement, Iberdrola will cede the use of part of the 15,000 km of cable it manages in Spain, with hundreds of thousands of optical fibres. The completion of the operation is subject to its mandatory acceptance by Spain’s National Spain’s National Authority on Markets and Competition (CNMC, in Spanish). Asset Rotation Plan to 2022 This transaction forms part of Iberdrola's 3.5 million euro plan for the continuing improvement of the levels of efficiency and rotation of its non-strategic assets, planned in its 2018-2022 Outlook. The transaction is in addition to the recent divestment of its conventional generation assets in the United Kingdom and the sale of its gas storage business in the United States, its minority stake in Tirme and its only solar thermal plant, both in Spain. The total amount of these transactions, carried out in 2018 and 2019, was 1.5 million euros. 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 energy to over 100 million people mainly in Spain, the United Kingdom (Scottish Power), the USA (AVANGRID), Brazil (Neoenergia) and Mexico. With a workforce of 34,000 and assets in excess of Euros 113 billion, it posted revenues of 35.0759 billion euros and a net profit of 3.014 billion euros in 2018. Iberdrola is leading the transition towards a sustainable energy 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 sustainability. READ MORE
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01/03/2019Iberdrola and IFIT back the development of renewable energy in the Canary Islands to continue to contribute to energy transition Tenerife, 1 March 2019. Iberdrola and its local partner Inversiones Financieras Isla de Tenerife (IFIT), are backing the development of renewable energy in the Canaries to continue their contribution to energy transition. This was confirmed this morning with the inauguration of the Chimiche II wind farm, their first wind farm project in the Canaries. The event was attended by the President of the Canaries Government, Fernando Clavijo; the President of Tenerife council, Carlos Alonso Rodríguez and the Mayor of Granadilla de Abona, José Domingo Regalado. Chimiche II, promoted by Energías Ecológicas de Tenerife, is the result of the combination of knowledge and understanding of the local environment - supplied by IFIT- and Iberdrola's technical and operational capability and experience in wind power development. With 18.3 megawatts (MW) of power, the initiative has required an investment of over 25 million euros, has created during the construction stage over 200 jobs and supplies clean energy to a population equivalent to 15,000 homes, avoiding the emission of 33,000 tonnes of CO2. The project has included the construction of the outgoing electricity cable and a transformer sub-station which has necessitated a complex feat of engineering to construct the electrical infrastructure over difficult terrain with a multitude of river beds. Competitive energy that boosts the job market, industry and the economy Chimiche II is an example of the model that Iberdrola and its local partner wish to follow in order to continue to contribute to energy transition in the Canaries: the roll-out of competitive, clean and sustainable power that reduces the energy dependence of the territory, creates worthwhile employment and contributes to the surrounding communities. "Projects turned into reality like this new Chimiche II wind farm are a sign of the commitment in the Canary Islands to a future that is already here in the field of clean energy, a resource that makes us better as a territory and as a society". "The commitment of the Canaries Government to the development of renewable energy in the Archipelago has involved the effort and concerted commitment of all the agents involved, who have played a vital role" explained Fernando Clavijo, President of the Canaries. “Canaries has a high potential for the development of renewables: it has good wind and solar resources and flexible demand potential. These conditions, combined with the significant reduction in the costs of renewable technology that make it competitive, the creation of quality employment, the industrial and economic boost and the positive impact that clean energy has on citizens and tourism, represent an opportunity to consider speeding up investment plans for renewables in the islands", commented Ángeles Santamaría, CEO of Iberdrola España. In this sense she pointed out that "thought needs to be given to the role that renewables are going to play in the Canaries, and to having available a regulatory framework that provides investment confidence and agile and transparent development formulas for their deployment here to become a reality. In these considerations and in future plans that the Region may have for the development of renewable energy they can rely on the commitment of Iberdrola”. “The project that we have inaugurated today has had a long history; a success story thanks to the effort and imagination of hundreds of Canaries companies, professionals and families”, said Juan Luis Lorenzo, president of Inversiones Financieras Isla de Tenerife and Energías Ecológicas de Tenerife. “We are finally standing underneath the turbines. They are finally going round". The dream has finally come true”. Top wind energy producer in Spain Iberdrola, the leading producer of energy from wind in Spain with an installed capacity of 5,770 megawatts (MW) in the country, is going to be keeping a close eye on the development of renewables in the Canaries. In Spain, total installed renewable capacity (wind and hydro-electric) is 15,789 MW. The company foresees the acceleration of investment in Spain with which to give a strong drive towards a low-carbon economy. In Spain at the moment Iberdrola is building 700 megawatts (MW) in new renewable projects and has 2,500 MW under development and a portfolio in excess of 7,000 MW. By 2022, Iberdrola expects to put into operation 3,000 new renewable MW in the country, 52% more than its current wind and solar capacity Globally, Iberdrola's renewable installed capacity is over 29,000 MW, which makes its generation armoury one of the cleanest in the energy sector. READ MORE
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28/02/2019The Chairman of Iberdrola, Ignacio Galán, took part today in Bilbao in the lecture series ‘Looking out on a digital world’ “As sophisticated as concepts like the Internet of things, robotics, artificial intelligence and big data may be, none of their functionalities will be possible without a reliable infrastructure that provides the power they need to operate. Without electricity, therefore, there is no digitisation”, said the Chairman of Iberdrola, Ignacio Galán, during his lecture today in the series Looking out on a digital world, organised in Bilbao by the Deusto Forum and BBVA. Galán, whose lecture was entitled Digital transformation and energy transition, emphasised that “we, electricity companies, are facing the challenge of electrifying a new era, the digital era”, the cornerstone of the so-called Fourth Industrial Revolution. Therefore, “the availability of electricity under optimum conditions of security, sustainability and competitiveness is once again a vital factor in achieving solid, inclusive economic growth,” he said this morning at the University of Deusto. The Chairman of Iberdrola highlighted the fact that “beyond covering additional demand for energy, the key to making this transformation possible will be rolling out sufficiently advanced, smart electrical infrastructure.” In addition, Ignacio Galán noted that digitisation, to which Iberdrola plans to allocate some €5 billion between 2018 and 2022, “is also going to be an essential part of the energy transition process”, which involves electrifying the economy to bring about urgently needed decarbonisation. According to Galán, this will be the only way to “make the required reduction in our carbon footprint compatible with covering a demand for energy that will grow by 30% in the next 25 years”. The answer will come from “clean generating technologies, smart grids and energy storage, together with an increase in energy efficiency”. “Digital transformation, an opportunity” The chairman of Iberdrola stated that “at Iberdrola we see digital transformation as a real opportunity to create value” and he gave specific examples of the positive effects of the new technologies on all areas of the company’s business. In the area of generation, Galán explained that “100% of our generation assets (48 GW of capacity, of which around 30 GW renewables) is already managed digitally and automatically”, which helps with operations and preventive maintenance while improving the security of the system. Also, thanks to the implementation of smart grids, the company “can operate the network instantaneously, automatically and remotely which gives us a heads-up on possible incidents and helps to resolve them with greater speed and efficiency”. For example, the digitalisation of Spain’s distribution network through the STAR project – an investment of €2 billion – has meant that quality of supply is three times higher than in 2001”. In retail, by analysing Big Data, “we are constantly developing new products and services and trying to anticipate the needs of our increasingly demanding and proactive customers [customised plans],” he explained. In this context, Ignacio Galán mentioned Iberdrola’s special commitment to electric mobility . “We are already setting up 25,000 electric vehicle charging stations all around Spain, both in homes and on the roads, and we are offering our customers smart charging solutions with 100% renewable electricity, at a 10th of the cost of traditional combustion engines. “Thanks to digitalisation, we are offering the most reliable service just when our increasingly inter-connected customers are depending more on electricity to go about their daily activities,” the chairman of Iberdrola concluded. 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 energy to over 100 million people mainly in Spain, the United Kingdom (Scottish Power), the USA (AVANGRID), Brazil (Neoenergia) and Mexico. With a workforce of 34,000 and assets in excess of Euros 113 billion, it posted revenues of 35.0759 billion euros and a net profit of 3.014 billion euros in 2018. Iberdrola is leading the transition towards a sustainable energy 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 sustainability. READ MORE
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27/02/2019Iberdrola, the only Spanish company selected among the most ethical in the world Iberdrola was the only Spanish company selected among the most ethical companies in the world, according to the World´s Most Ethical Companies ranking drawn up annually by Ethisphere Institute, world leader in the defining of standards and best practices in the field of compliance. It is the sixth year in a row the company has been included in this index. This ranking clearly demonstrates how companies are continuing to provide the driving force to move society forward and the momentum required for the development of an ethics-focused corporate culture. Iberdrola’s Compliance Manager, María Dolores Herrera, underlined that acknowledgements like that of Ethisphere Institute encourage us to keep making progress to achieve a solid ethics culture and the excellence of our Compliance System, and to continue to implement its best practices in all the company's departments and business lines. This is down to the efforts of every one of us at Iberdrola, in which we also try to include all the interest groups we are involved with. This time, the World´s Most Ethical Companies index is formed by 128 companies from 21 countries and 50 different sectors. For their selection, Ethisphere Institute evaluates candidates in five categories: compliance and ethics programme (35%), ethics culture (20%), corporate social responsibility (20%), good governance (15%) and reputation and leadership (10%). The Ethisphere Institute launched this index in 2007 in order to acknowledge the role played by companies who are committed to promoting an ethics culture within the worldwide business community. 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 energy to over 100 million people mainly in Spain, the United Kingdom (Scottish Power), the USA (AVANGRID), Brazil (Neoenergia) and Mexico. With a workforce of 34,000 and assets in excess of €110 billion, it posted revenues of over €31.263 billion and a net profit of €2.804 billion in 2017. Iberdrola is leading the transition towards a sustainable energy 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 sustainability. READ MORE
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26/02/2019Iberdrola plans global investments of 34 billion euros until 2022 Ignacio Galán , Chairman and CEO of Iberdrola group, has granted an interview to the North American television business news channel CNBC , on occasion of the Outlook 2018-2022 Update held today at London (United Kingdom). These are the highlights of his speech: * Iberdrola increases capital expenditure by € 2 billion. * The group expects to obtain net profit between € 3.7 billion and € 3.9 billion in 2022, 30% up on 2018. * Investments boost transition to a low carbon energy model. * Shift away from fossil fuels will provide lower energy prices. READ MORE
