News
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27/07/2021Iberdrola and Save the Children will work together to help young people become integrated into the job market and society Iberdrola, through its Foundation in Spain, and Save the Children, will work together to improve the employability and social integration of young people. Their intentions were formalised in a collaboration agreement designed to improve the employability of groups facing marginalisation and poverty. The initiative, in collaboration with Illescas Town Council (Toledo), will be hosted by the Family and Adolescent Services Centre) (Toledo), where dozens of young people aged 16 to 30 will learn the skills they need to get and keep a job. The cooperation agreement is aligned with the commitment by the Iberdrola Group and its foundation in Spain to improve job prospects and provide inclusive training for young people. This is an area that was supported by Iberdrola's Foundations Committee at its most recent meeting and to which the energy company and its Foundation have allocated 14 million euros over the last five years. Training tomorrow's workforce Iberdrola and its foundations around the world operate several different programmes to train the workers of tomorrow as well as people at risk of marginalisation. The initiatives include the following: * The European Re-skilling 4 Employment Programme from the European Round Table for Industry (ERT), jointly managed by Iberdrola, to help people at risk of losing their jobs due to the impact of digitalisation by training them in new skills. The project seeks to promote 2.5 - 5 million jobs in Europe and between half a million and a million in Spain by 2030 among the long-term unemployed, youngsters and people over 45 years of age. * Iberdrola also offers an International Masters' Scholarship Scheme, which awards grants to young people to be trained in areas such as engineering, science and technology in colleges and universities worldwide. Since it was launched, around 1,000 young people have received grants from Iberdrola. * The Social Programme run by Fundación Iberdrola España supports other initiatives in this area, with projects like 'En clave de igualdad', carried out by the Asociación Candelita (Madrid). The programme helps to improve the job prospects of socio-economically disadvantaged women, supporting them so they can acquire the skills they need to get jobs. * Through the Fundación en España, Iberdrola and the Fundación Gizakia (Bilboa) are working to prepare training plans for women, with the intention of reducing inequality and developing their social, personal, educational and job skills to put them in a better position in the job market. * In Spain, the company supports the ‘YO PUEDO’ initiative, in collaboration with the #EmpleoParaTodos programme run by Fundación Adecco, training people with intellectual disabilities and mental illnesses to find and keep jobs. * In Brazil, the company's subsidiary Neoenergia has had a School for Women Electricians since 2019. This programme focuses on improving the career prospects of women in the electricity sector. The initiative has been recognised by the United Nations WeEmpower programme for its contribution to female empowerment through education and professional development. Programmes for encouraging women to take up STEM careers are also being implemented in countries including Mexico and Spain. READ MORE
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26/07/2021Iberdrola strengthens leadership in the green hydrogen by signing the first ICO loan for this technology Iberdrola is continuing to make strides with its strategy to lead the green hydrogen industry by signing the first loan granted by the Instituto de Crédito Oficial (ICO) for this type of technology. The six-million-euro loan will finance Spain's first-ever public green hydrogen station, which will be built and operated by Iberdrola to supply renewable hydrogen to the fleet of buses operated by Transports Metropolitans de Barcelona (TMB). The loan has a Second Party Opinion from G – Advisory. This operation has been carried out within the framework of the European Union's Connecting Europe Facility initiative, where the ICO - in collaboration with the Ministry of Transport, Mobility and the Urban Agenda - is acting as an accredited entity for channelling projects by Spanish companies that are boosting the ecological transition by increasing transport efficiency. Specifically, this project in Barcelona will receive this loan as well as a grant of €3.7 million. With this backing from the ICO, Iberdrola is making progress with its project to build the first private hydrogen station in the country on a 5,000 m2 on the Barcelona’s free trade area, promoting the creation of a green hydrogen hub in a major industrial area of Catalonia and Spain. Iberdrola and TMB have entered into a ten-year agreement and the green hydrogen supply arrangement may be extended in the future to meet demand from other public and private fleets in the vicinity. The financing agreement signed today is the fifth between Iberdrola and ICO to promote a carbon-free economy and reinforces their collaboration in the field of sustainable mobility, following the operation signed in 2020 for the installation of on-street charging points in Spain and Portugal. Alliances and projects in the main markets where it operates Iberdrola is already a benchmark in green hydrogen as an alternative to electrification for certain industrial processes and heavy transport. The company is already building Europe's largest green hydrogen plant in Puertollano (Ciudad Real), which will start the decarbonisation of the Fertiberia fertilisation manufacturing plant; and it has joined forces with American company Cummins which will build one of the world's largest electrolyser plans in Castile-La Mancha. In Spain, the company has entered into alliances to develop green projects with companies such as Fertiberia, Porcelanosa, bp and Enagás and Foresa, as well as other initiatives promoted in the main markets where it operates, including United Kingdom, Brazil and the United States. It has presented 53 green hydrogen-related projects to the Next Generation EU programme, which will activate investments of €2.5 billion to achieve an annual production of 60,000 tonnes. The ICO's commitment to sustainability ICO integrates sustainability as a horizontal principle of action in its various aspects: environmental, social and governance. As a state-owned investment bank, it pays particular attention to financing renewable energy projects, sustainable infrastructure including social, transport, logistics and ICT networks and facilities. In 2020, it funded operations linked to sustainable development projects and plans that will help to streamline the economic recovery and stimulate the ecological and digital transition to the tune of €2.76 billion. In addition, with the aim of adding value to business financing, it complements its activity with its role as Implementing Partner of the European Commission, channelling funds from EU initiatives to Spanish companies. In this field, as an accredited entity in the Connecting Europe Facility programme, it has contributed to nine alternative fuel projects of Spanish companies receiving European funds. READ MORE
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23/07/2021Iberdrola awards installation of Baltic Eagle foundations and inter-array cables to Van Oord Iberdrola and Van Oord have signed a contract for the transportation and installation of Baltic Eagle’s monopile foundations, as well as the supply, transportation and installation of the inter-array cables. With a production capacity of 476 MW Baltic Eagle offshore wind farm will supply renewable energy to 475,000 households, while saving nearly one million tons of CO2 emissions each year. It is scheduled to be fully operational by the end of 2024. Iris Stempfle, Country Manager for Iberdrola in Germany, said: “Iberdrola is one of the leading developers contributing to the energy transition by investing in offshore wind projects around the globe — in Germany, our Baltic Hub will have an installed capacity of 826 MW by the end of 2024. Tapping into the expertise of Van Oord yet again makes us confident that Baltic Eagle offshore windfarm will be delivered as planned.” Arnoud Kuis, Managing Director of Van Oord Offshore Wind, said: “We are very pleased to be working with Iberdrola again, this time on the Baltic Eagle project in the German Baltic Sea. Combining the installation of foundations and the supply and laying of cables will ensure efficient project execution.” For the installation of the 50 foundations, Van Oord is deploying its 8,000-ton heavy lift installation vessel Svanen which thus far has installed more than 700 foundations across Europe, including the vast majority of monopiles in the Baltic Sea. The offshore works for the Baltic Eagle project will start in 2023. Van Oord’s cable laying vessel Nexus and trencher Dig-It will be deployed for the inter-array cable laying. Due to challenging soil conditions in the Baltic Sea, the trencher Dig-It will be customised to ensure proper execution of the cable laying works. Offshore wind developments in the Baltic Sea The Baltic Sea holds an incredible potential of 93,000 MW for offshore wind in Europe. Alongside Germany, several countries, such as Poland, Sweden and Estonia are exploring new opportunities for offshore wind developments. By 2024, Iberdrola’s Baltic Sea Hub will comprise 826 MW (Wikinger with 350 MW in operation since 2017 and Baltic Eagle with 476 MW) and will act as a centre for offshore and onshore services, as well as providing local content for Iberdrola's projects in the Germany-Poland-Sweden axis. In the German Baltic Sea alone, Iberdrola is planning to increase installed capacity to more than 1,1 GW by end of 2026. Iberdrola`s current offshore wind portfolio includes projects in the German Baltic Sea (Wikinger and Baltic Eagle), in the North Sea (East Anglia ONE and East Anglia Hub), the Irish Sea (West of Duddon Sands), the coast of Massachusetts (Vineyard Wind) and France (Saint Brieuc). The significant expansion of the offshore wind pipeline over the past twelve months — 20,000 MW at the end of the first quarter of 2021 — bolstered by new growth markets with high potential, such as Japan, Poland, Sweden and Ireland, will enable the group to have 12,000 MW offshore wind in operation by 2030. Green investments to promote economic recovery Iberdrola believes that the energy transition can act as a key driving force in the transformation of industry, a green economic recovery and job creation. With this focus Iberdrola has launched a major €75 billion investment plan for the 2020-2025 period, with the aim of doubling its renewable capacity and taking advantage of the opportunities created by the energy revolution in the world's major economies. After twenty years driving the energy transition, with investments of over €120 billion, Iberdrola is a leader in renewable energy, with an installed capacity of more than 33 GW, making its generation fleet one of the cleanest in the energy industry. With CO2/kWh emissions already two thirds lower than the European average, the investment strategy in clean energy and networks will lead Iberdrola to become carbon neutral in Europe by 2030. READ MORE
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23/07/2021Galician businessmen recognise Ignacio Galán for his promotion of the Galician industrial fabric in the renewables sector The Confederation of Businessmen of La Coruña (CEC) has recognised the work of the chairman of the Iberdrola group, Ignacio Galán, in the development of the offshore wind industry and its auxiliaries in Ferrolterra, as well as Iberdrola’s role as a driving force for Galicia to advance towards the use of its maximum renewable capacities, in line with the new European Green Deal. The event was held this Friday and was attended by a representative of the Galician economic fabric, business organisations and authorities such as the president of the CEOE, Antonio Garamendi, and the president of the Galician Regional Government, Alberto Núñez Feijóo. * The distinction was proposed by the Confederation of Entrepreneurs of Ferrolterra, Eume and Ortegal and according to Garamendi was intended to recognise Galan's “commitment”, “especially to the Ferrol region, where his work has been key in the development of the offshore wind industry and its auxiliaries.” * The president of the CEC, Antonio Fontenla, thanked Iberdrola for making Galicia “an industrial benchmark for offshore wind power” by awarding contracts to local suppliers like Navantia , which will manufacture components for future offshore wind farms around the world. Its factories also manufacture foundations for parks already under development, such as Wikinger and Saint-Brieuc . * Iberdrola has been operating in Galicia for several decades, where it has become established as the leading renewable energy company by managing more than 2,000 green megawatts. It also has more than 200 suppliers in the region which, according to Galán, it hopes to “continue to increase in the coming years in line with our plan to make Galicia a hub for the development of the energy transition within the Next Generation EU programme .”. * These projects could mobilise 4.4 billion euros and generate 20,000 jobs in cutting-edge areas such as hydroelectric storage , wind and floating offshore energy, electric mobility and renewable hydrogen for the industrial production of green methanol. READ MORE
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22/07/2021Iberdrola and GO fit join forces to promote electric mobility in Spain Iberdrola and GO fit have decided to join forces in their commitment to provide alternatives for sustainable mobility in our country. To this end, the two companies have reached an agreement whereby the energy company will install the electric vehicle charge infrastructure, with 100% green energy, in the largest chain of sports centres in Spain. The partnership involves the deployment of 23 electric charging stations with two outlets each in the 18 GO fit centres in Spain - Madrid (8), Valladolid, Oviedo, Santander, Malaga (2), Seville, Granada, Cordoba, Ciudad Real and Las Palmas - which it will install and manage on an exclusive basis for the next 10 years. This facility will be able to recharge 46 vehicles simultaneously. The project starts today with the inauguration of the charge points at the GO fit Peñagrande sports centre in Madrid, in a ceremony attended by Antonio Armengot, Iberdrola's commercial delegate in Madrid and Castilla-La Mancha, and Gabriel Sáez, president of Ingesport/GO fit. They were joined by other representatives of the company, as well as the Olympic high jump champion Ruth Beitia. Thanks to the agreement, any GO fit user will be able to make use of these charge points with the guarantee, in addition, of using 100% green energy from clean generation sources, as these facilities have Guarantees of Origin (Gos) certificates. The electric charge points will be available on the mobile application developed by Iberdrola, the “Iberdrola Public Charge ” App, the only one that incorporates verified information on all electric vehicle chargers operating in Spain, both Iberdrola's and those of other operators. From the App, the charger is geolocated and can be booked and paid for from the mobile phone. Electric mobility and green recovery Iberdrola continues its commitment to transport electrification in its transition strategy towards a decarbonised economy, as a key way of reducing emissions and pollution and ensuring the green recovery in the world. The company is implementing a sustainable mobility plan with an investment of 150 million euros, resulting in a faster roll-out of charge points for electric vehicles over the coming years. The initiative entails installing around 150,000 charge points in homes, companies and on the public road network in cities, as well as on the main motorways over the coming years. The commitment to deploying high-efficiency charge points will include the company installing ultra-rapid (350 kW) charge points every 200 kilometres, super-rapid points (150 kW) every 100 kilometres, and rapid (50 kW) points every 50 kilometres. Iberdrola is aware of the need to boost electric mobility in Spain through coordinated, effective action involving the major players. The company has, therefore, now completed more than 40 infrastructure roll-out agreements with government departments, institutions, companies, service stations, and electric vehicle dealers and manufacturers. Iberdrola is the first Spanish company to sign the EV100 initiative by The Climate Group, with the objective of speeding up the transition to electric vehicles, committed to electrifying the entire fleet of vehicles and streamlining the charge process for staff at its businesses in Spain and the United Kingdom by 2030. Active people and sustainable environments GO fit is committed to promoting the health and well-being of citizens through scheduled physical exercise and sports practice with the mission of helping people, organisations and communities to live longer and better lives and contribute to the development of a more active, healthy and sustainable society. As a company of people and for people, GO fit is committed to promoting initiatives that encourage its subscribers to behave responsibly and sensitively towards the environment. Firstly, with programmes that encourage active behaviour in individuals to strengthen their immune system and reduce the particular impact on the socio-health system. Secondly, by implementing all the necessary procedures and measures to ensure that the company operates in a healthy and safe environment. In this regard, ensuring air quality has always been a priority for GO fit. Throughout 2020, the company installed an air purification system with HEPA filters in all its sports centres to ensure the complete renewal of the air in its facilities every 7 minutes, achieving a flow 99.99 percent free of viruses and bacteria, in conditions similar to those of an operating theatre. In addition, in 2019 the GO fit centres began operating with renewable energy in a commitment to environmental sustainability that has enabled the company to reduce its carbon footprint by 61 per cent in just one year. READ MORE
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22/07/2021Iberdrola ramps up investment in Asia Pacific renewables, acquiring Sowitec Vietnam’s 550 MW green pipeline Iberdrola is continuing its growth in Asian Pacific renewable energy markets, with the acquisition of Sowitec Vietnam, a company with a 550-MW renewable pipeline under development. The pipeline consists of six projects, five onshore wind farms and a 50-MW floating photovoltaic project. The projects, set to be developed between 2022 and 2024 and with capacities ranging between 50 MW and 250 MW, are being developed as part of Vietman’s energy strategy, which aims to mainly cover the growth of energy demand with renewable sources. This South East Asian country foresees the installation of more than 20,000 MW of renewable capacity by 2030 under long-term power purchase agreements (PPA) which will require foreign investment. The country, which foresees strong growth in both electricity demand and GDP, maintains a free trade and foreign investment protection agreement with the European Union, signed in 2020. The acquired company was part of the German Sowitec group, with presence in 14 countries and a track record of more than 6,000 MW renewables. Expansion and leadership in Renewables Iberdrola wants to build on its renewable energy leadership in Europe and America with increased presence in the Asia Pacific region, to become the world’s largest renewable energy company. With this transaction, Iberdrola accelerates its regional presence, having completed acquisitions or agreements in markets including Australia, Japan and Korea. In Australia, Iberdrola has become one of the key developers of renewable energy, following the acquisition in 2020 of Infigen Energy, already rebranded as Iberdrola Australia. It currently operates more than 800 MW of wind, solar, and battery storage, has more than 450 MW under construction and manages a 1,000-MW pipeline in different stages of development. Also in 2020, Iberdrola entered the Japanese market with the acquisition of local developer Acacia Renewables, with a 3,300-MW offshore wind pipeline in the south of the country. The company – renamed Iberdrola Japan – is working on two offshore wind farms, with a combined capacity of 1,200 MW, which could be operational in 2028. Additionally, it has four other projects at an early stage of development, totalling 2,100 MW. These six projects will be developed jointly by Iberdrola and Macquarie's Green Investment Group (GIG). Its presence in the area was recently reinforced with an additional agreement with the Japanese company Cosmo Eco Power (a renewable subsidiary of Cosmo Energy Holdings) for the development of a 600-MW offshore wind project. In South Korea, Iberdrola recently signed a memorandum of understanding (MoU) with energy company GS Energy to develop renewable energy projects in South Korea and other Asian regions. Green investments to promote economic recovery Iberdrola believes that the energy transition can act as a key driving force in the transformation of industry, a green economic recovery and job creation. With this focus Iberdrola has launched a major €75 billion investment plan for the 2020-2025 period, with the aim of doubling its renewable capacity and taking advantage of the opportunities created by the energy revolution in the world's major economies. After twenty years driving the energy transition, with investments of over €120 billion, Iberdrola is a leader in renewable energy, with an installed capacity of more than 33 GW, making its generation fleet one of the cleanest in the energy industry. With CO2/kWh emissions already two thirds lower than the European average, the investment strategy in clean energy and networks will lead Iberdrola to become carbon neutral in Europe by 2030. READ MORE
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22/07/2021Iberdrola celebrates the start of the Games by supporting the Spanish Olympians As part of its global commitment to equality and the promotion of women's sport, Iberdrola held an event at the Lázaro Galdiano Museum to support Spanish Olympic sportswomen on the eve of the start of the Games. Carolina Marín, Desirée Vila, Loida Zabala, Teresa Díaz and Garazi Sánchez, among others, were keen to take part in the event and to send their encouragement to the athletes participating in the Games. Three-time world champion Carolina Marín, who cannot attend the games due to a knee injury, said: "The extra effort it takes to compete in such unusual Games makes the achievements of our Olympians even more valuable, so I want to send a lot of strength and encouragement to all my teammates". "I would also like to thank Iberdrola for its steadfast commitment to women's sport and for initiatives like today's because they are necessary to draw attention to the efforts made by so many sportswomen", she added. A radio set was also presented at the event. "Casa España", the headquarters of the Spanish Olympic Committee will broadcast a special programme with different sports personalities as guests to comment on the Spanish women's participation in the Games and talk about their experiences in this competition. Each programme will consist of hour-long recordings made between 26 and 30 July and 2 and 6 August, which will be broadcast via digital platforms. A video has also been officially presented in which eight leading women from different areas of culture such as Alaska, Hiba Abouk, Ana Rosa Quintana, Carmen Posadas and Ana Guerra, among others, have joined forces with Iberdrola to send their support to Spain's representatives at the Games. During the event, the attendees were treated to a live performance by Ana Guerra and a showcooking with another of the stars of the video featuring exemplary women, Samantha Vallejo Nájera, the chef and entrepreneur who was there to give a live masterclass on healthy cooking. Iberdrola, a pioneer in promoting women's sport Promoting women's sport has become a key ambition for Iberdrola, and the promotion of true equality between men and women one of its essential values. In 2016, Iberdrola became the first company to make a firm and global commitment to women's equality and empowerment through sport. Currently, the company supports 16 federations and their respective leagues: gymnastics, triathlon, rugby, canoeing, badminton, football, handball, volleyball, hockey, table tennis, athletics, karate, boxing, surfing, ice sports and fencing. Iberdrola also lends its name to 22 national top-tier sports leagues, and 35 other competitions. At the same time, the provision of resources, facilities, medical services and referees, as well as support and sponsorship for different initiatives in this field from Iberdrola has not only helped to increase the number of federated sportswomen in these disciplines by 39% (reaching over 300,000), but is also allowing Spanish elite sportswomen who have built their sporting career in other countries to start competing again in Spain, leading to an improvement in the standard and visibility of national competitions. READ MORE
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22/07/2021Iberdrola, Navantia and Windar seal alliance to develop offshore wind until 2025 Fene (A Coruña), Thursday, 22 July 2021. This Thursday, the chairmen of Iberdrola, Navantia and Windar signed a framework collaboration agreement to manufacture and supply XXL monopile foundations as part of the energy company's growth strategy in offshore wind. The project also strengthens its role as a driving force for local industry, while both manufacturers will increase their capabilities in this sector of the future. Under the agreement, Iberdrola will be able to place orders for 130 XXL monopile foundations with the Navantia-Windar consortium between 2023 and 2025 for future offshore wind farms, worth up to €400 million, thus securing a preferential supply of a portion of these components for the coming years. During an event which took place at Navantia shipyards in Fene the agreement was signed by Ignacio S. Galán, Chairman of Iberdrola; Ricardo Domínguez, Chairman of Navantia; and Orlando Alonso, Chairman of Windar. The ceremony was also attended by the President of the Galician Government, Alberto Núñez Feijóo, and María Jesús Montero, Minister of Finance and Civil Service. The Chairman of Iberdrola, Ignacio S. Galán, said: "Today we are creating an alliance that combines Iberdrola's growth plans – a global offshore wind pipeline that will require investments of close to €30 billion over the next decade – with the competitiveness and know-how of Navantia and Windar. “A union – he added – reflecting our vocation to forge alliances with Spain’s industrial community, as the great driving force that we are, through long-term agreements that provide stability and certainty to our suppliers while generating activity and jobs in a sustained manner." Not limited to a single project, the framework agreement turns Windar and Navantia into key allies of Iberdrola’s sustainable development strategy until at least 2025. As a result of the agreement, the consortium formed by Windar and Navantia will erect a XXL monopile factory on land at the Navantia shipyard in Fene (A Coruña). The new factory will improve the shipyard's capacity to fabricate a new product in great demand in the fixed offshore foundation sector. This diversification was not previously an option, since the process requires very specific facilities. "We want to stay ahead by investing in state-of-the-art facilities, machinery and equipment in order to be relevant players in this market," said Navantia's president, Ricardo Domínguez. He explained that this new collaboration between Windar and Iberdrola is an "innovative and ambitious project", with which the public company will consolidate its position in a sector with "enormous opportunities." "We are confident that this agreement will further strengthen the relationship between all three companies, which will certainly benefit Spanish industry and Ferrolterra," he added. The consortium's planned investment amounts to €36 million with production at these facilities set to provide quality jobs for 1,000 people, which add to the thousands already generated under previous contracts. The new the factory will adapt an existing building for curving thick sheet metal into structures with up to 16-m diameter and will include new paint booths and storage areas for finished products, as well as the latest technology equipment necessary for the manufacturing process. The new XXL monopile factory, which will fabricate foundations over 100 m long and weighing up to 2,500 tonnes, will be up and running within 13 months and will be housed in a part of the Fene shipyard facility, without interfering with the production facilities for the construction of other offshore wind products, such as jackets and floating structures, where Windar and Navantia are already leading international names. "Starting this production plant means joining a select club of very few companies in the western world that have capacity for this work. Only four manufacturers, from three European countries, are able to produce what we are going to do in Fene," said Windar Chairman Orlando Alonso while highlighting that the project will also require "investing in professional skills to create a workforce of highly specialised staff. To do this, ambitious training programmes will be launched, for which we hope to be able to count on support from the regional government.” In her speech, Spain’s Minister of Finance and Civil Service, María Jesús Montero, highlighted the potential of public-private cooperation to provide "cutting-edge innovation" as well as "the very hard work that Navantia Fene has done" to position itself in offshore wind energy. She also stressed that "wind energy is going to play a leading role in the decarbonisation of the economy, in the necessary ecological and energy transition on which the modernisation of the production model must hinge". The minister reiterated that Spain’s Government is determined to ensure that "the commitment to renewable energies leaves no one behind and makes the energy transition a fair transition." This agreement between companies, she said, makes it easier for Spain to remain at the forefront of this sector. "Spain is in a position to be an international powerhouse in the blue economy". The President of the Xunta de Galicia, Alberto Núñez Feijóo, who closed the event, highlighted offshore wind’s trust in Galicia to open up opportunities for economic recovery. Aware that offshore wind is a booming sector that still needs to be regulated and promoted, Feijóo highlighted the strategy of Galicia to promote this type of wind farms, always in coordination with the fishing industry. The region has created an Offshore Wind Observatory that integrates the industry, the fishing sector and the Administration. He also recalled that Galicia is working together with Asturias and Cantabria to foster offshore wind energy through orderly development that respects the environment and other socio-economic activities. Innovation hub, technology and manufacturing capacity The agreement between these three companies reinforces Iberdrola's commitment to the energy transition and its contribution to the green recovery and job creation, associated with renewable projects for the future. It strengthens a relationship between Iberdrola and Navantia-Windar spanning more than seven-year, which has resulted in close to €1.3 billion in orders. This long-standing relationship is evidence of the opportunities offered by a market of the future – offshore wind – and how the green economy has become a major aspect of industrialisation and sustainable, quality employment. "This port, which was for centuries considered the end of the earth and which later became the departure point for so many men and women who migrated in search of a better future, has today been confirmed as a hub for innovation, technology and manufacturing capacity," noted the Chairman of Iberdrola. The collaboration highlights the role of Navantia's shipyards in boosting local economies in the different territories. Navantia-Windar are the only manufacturers with an ability to produce all the components required to build offshore wind farms: fixed and floating foundations, towers and electrical substations. "Our commitment with Fene regarding green energy has taken a great step forward today," said Ricardo Domínguez. All three companies have ratified their commitment to the different technologies driving fixed and floating offshore wind. "Navantia-Windar has built 85% of the floating structures existing in pre-commercial wind farms and it is our objective to develop as a global leader, taking advantage of the synergies with our main activity, that of shipbuilding, in a type of product and industry where we are sure Iberdrola will play a relevant role," Domínguez added. Leading the offshore wind industry Iberdrola has been leading the offshore wind industry for fifteen years, an activity now confirmed as one of the company's growth vectors. It already has 1,300 MW in operation -Wikinger, East Anglia ONE and West of Duddon Sands- and is set to triple its installed capacity with the 2,600 MW currently under construction. The group's offshore wind pipeline is already 20,000 MW, and by 2030, the company expects to have 12,000 MW in operation. “What started as an initiative linked to a then-nascent technology is now a reality,” explained Ignacio S. Galán. This is demonstrated by projects currently underway, such as the Saint-Brieuc offshore wind farm in Brittany, France, which will have the largest jackets manufactured to date (by Navantia-Windar in Fene); Baltic Eagle in Germany, in which Windar is a participant; and Vineyard Wind 1, off the coast of Massachusetts, the first large-scale project to be installed in the United States. "And the future looks even more exciting and promising with new projects in the United States, the United Kingdom, Germany, France and Japan, which we will launch in the coming years, and also in countries such as Sweden, Ireland and Taiwan, where we already have developments underway," explained the Chairman of Iberdrola. He pointed out that "the huge investments represented by each of these projects are only possible in countries with stability and predictability. Attractive, incentivising regulatory frameworks, governmental and social support and, above all, legal certainty are needed.” Committed to Galicia’s sustainable future and industry In his speech, Ignacio S. Galán also referred to the company's commitment to "continue innovating to create new opportunities" in the region, as other technologies mature, such as floating offshore wind. This could eventually allow Spanish industrial capabilities to be transferred to projects located off the Galician coast. For the industrial development in Galicia, in alliance with numerous local companies, Iberdrola has presented the Next Generation EU programme with more than 25 initiatives linked to clean energy, pumped hydro storage, green methanol, electric mobility and the circular economy, which may mobilise €4.4 billion and create 20,000 jobs in the region, in sectors aligned with the European Green Pact. He also mentioned a network created with countless companies – large and small – that have embarked on the journey with Iberdrola towards sustainability, competitiveness and internationalisation, boosting 400,000 jobs worldwide, 85,000 of them in Spain. Among these companies are more than 200 Galician suppliers, such as Teiga TMI, Técnica 4, CEASA, Sarpel Ingeniería, Conelec and Milsa, which have received orders worth nearly €600 million in the last 18 months alone. Iberdrola has been leading the energy transition for two decades and acting as a key driving force in the transformation of industry, the green recovery of the economy and job creation. The company has launched a major investment plan worth €150 billion over the next decade, €75 billion by 2025, to triple renewable capacity and double network assets while taking advantage of the opportunities offered by the energy revolution facing the world's leading economies. Having invested €120 billion over the past twenty years, Iberdrola is a renewable energy leader with nearly 35,500 MW installed capacity; a volume that makes its generation fleet one of the cleanest in the energy sector. READ MORE
