News
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29/06/2021“Los ODS constituyen la agenda de transformación más ambiciosa de la historia de la humanidad” El presidente del grupo Iberdrola, Ignacio Galán, ha participado en el acto de apertura de la IEEE PowerTech 2021, la conferencia europea de mayor prestigio sobre sistemas eléctricos de potencia. El IEEE (Instituto de Ingenieros Eléctricos y Electrónicos) es la sociedad técnico-profesional más grande y prestigiosa del mundo. En este evento virtual —en el que se dan cita más de 500 ingenieros, profesores, alumnos y expertos investigadores de universidades e instituciones de reconocido prestigio como el IIT, la Universidad de Cambridge o el Florence School of Regulation— Galán: * Ha destacado la importancia de la Agenda 2030 —“la más ambiciosa de la historia de la humanidad, para crear un futuro mejor y más eficiente para todo el planeta”— y sus Objetivos de Desarrollo Sostenible , para cuya consecución será esencial el sector energético será esencial. * Ha hecho referencia a la necesidad de acceso universal y estable a la electricidad : “Se van a multiplicar las posibilidades de acceso a energía limpia y barata para gente en todo el mundo, creando oportunidades de crecimiento económico”. * En referencia a la electrificación de la demanda energética, ha asegurado que esta reducirá las emisiones, los costes y muchas de las barreras regulatorias y fiscales actuales, y que será necesario aportar nuevas soluciones ante los cambios en los hábitos de la gente. * Ha destacado el importante papel de las redes eléctricas para asegurar un suministro estable ante el incremento de las renovables y de la aceleración de la movilidad eléctrica y de los sistemas de calefacción basados en bombas de calor. * “En 10 años el 35 % del total de coches vendidos serán eléctricos frente al 5 % actual, la Agencia Internacional de la Energía (AIE) estima que 230 millones de vehículos eléctricos estarán en circulación en 2030. Este crecimiento va a impactar en el consumo de energía, con necesidad de inversiones significativas para actualizar y reforzar las redes eléctricas”, ha afirmado. READ MORE
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27/06/2021Iberdrola wins more than 15% of new onshore wind capacity auctioned in Poland Iberdrola is making progress in its commitment to develop renewables in Poland, one of the company’s new growth markets for the years ahead. The company has been awarded 50 megawatts (MW) of the total 300 MW of onshore wind capacity auctioned in the country, representing almost 17% of the total. This brings the company's onshore wind capacity in operation and under development in the country to 163 MW, after recently completing its agreement with CEE Equity Partners, signed in March. This deal included the acquisition of two operational wind farms, with 112.5 MW of capacity, and access to a third, with 50 MW, confirmed today at the auction. Almost all of Iberdrola´s onshore wind capacity in Poland is associated with 10-year power purchase agreements (PPAs). The company also has a portfolio of seven offshore projects, with a potential capacity of up to 7,300 MW, following the recent acquisition of 70% of the developer Sea Wind. With these offshore projects Iberdrola is working on the implementation of the Baltic Sea Hub. The Hub will act as a focal point for offshore and onshore services, as well as providing local content for Iberdrola's projects in Germany, Poland and Sweden. The Baltic Sea has an offshore wind development potential of 93,000 MW, of which 28,000 MW would be in Polish waters. The result of today's auction also confirms Iberdrola's commitment to Poland, where it operates a local development team. It also reaffirms the company's strategy of growing in A-rated countries - more than 75% of its Ebitda in 2020 came from A-rated countries. Wind power leaders, also at sea Participation in the Polish auction is in line with Iberdrola's strategy of positioning itself in new renewable growth markets and follows on from the twelve corporate operations carried out in the last year in countries such as Australia, France, Japan, Sweden and Ireland. One of the company's major growth areas for the coming years will be offshore wind power, where Poland has ambitious plans. It aims to have 23% of its energy mix from clean energy sources by the end of the decade, with up 8,000 MW of offshore wind power. In global terms, Iberdrola's offshore wind portfolio totalled 20,000 MW at the end of the first quarter. The new growth markets will support the group to reach an installed offshore capacity of 12,000 MW by the end of the decade. In 2020, offshore wind energy already contributed 585 million euros to Iberdrola's Ebitda, growing by 72%; and its contribution will rise to 2.3 billion euros in 2030. Green investments to promote economic recovery Iberdrola has been leading the energy transition for two decades, acting as a key driving force in the transformation of industry and the green recovery of the economy and employment. To this end, the company has launched a major investment plan of 150 billion euros over the next decade -75 billion euros by 2025-, with which to triple renewable capacity, double network assets and take advantage of the opportunities of the energy revolution facing the world's leading economies. Following investments of 120 billion euros in the last twenty years, Iberdrola is a leader in renewable energy with nearly 35,000 MW installed worldwide, a volume that makes its generation fleet one of the cleanest in the energy sector. With emissions of 28 grCO2/kWh in Europe, ten times less than its European competitors, the strategy of investing in clean energy and networks will lead Iberdrola to be a "carbon neutral" company in Europe by 2030. READ MORE
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25/06/2021Offshore wind energy transforms foes into friends The chairman and Chief Executive of Iberdrola, Ignacio Galán, was interviewed as part of the Reuters Global Energy Transition summit, which focused on offshore wind and efforts to develop expertise in the sector. * He discussed the major investments needed to deliver the energy transition. * In offshore wind, he explained Iberdrola’s expertise, having been active in the sector for over a decade. * He also discussed the fact that delivering the energy transition means there are many megawatts to be built and all companies are welcome. * On skills needed in the sector, he discussed Iberdrola’s work with universities and the need for more traditional electrical engineers to come into the sector. READ MORE
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25/06/2021Galán sees the energy transformation as an opportunity to progress towards, "more sustainable and competitive production models" The chairman of the Iberdrola group, Ignacio Galán, participated on Thursday 24 in the Tendencias 2022 forum organized by the newspaper El País, which analyzed the strategies with which to leave the recession behind and focus the recovery of the economy after the COVID-19 pandemic. Galán was in charge of addressing the main lines of the transformation towards a green economy, key to recovery. During his speech, he highlighted the following ideas: * The energy transition will involve a mobilization of investments in the world of 30 trillion dollars (about 25.12 trillion euros) over the next 10 years. * It will also be a "driver for job quality", thanks to the creation of approximately 15 million jobs globally. * It is necessary to focus resources on those areas that have a future and on those sectors where we need to be, such as hydrogen or offshore wind power, while at the same time strengthening the sectors where the country is already at the forefront. * Much progress has been made in the path of green energy in the last 20 years, when Iberdrola bet on this model "fighting against everything and everyone". "We have invested 120 billion since 2001 in all countries," he explained, referring to the group's investment plan of 75 billion by 2025 and 150 billion by 2030. * For it to be possible to tackle the energy transformation, permits must be expedited: "If we have a slow system and we don't change the model, we won't get there". READ MORE
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24/06/2021The Board of Directors ratifies its support for the handling of the Villarejo case by Iberdrola's senior management Today we have received the Order dated 23 June 2021 from Central Instruction Court No. 6 before which the Preliminary Proceedings 96/2017 (Separate Part 17) of the Tándem Case (also known as the Villarejo Case) is being heard, by which it is agreed to summon former Iberdrola employees Fernando Becker and Rafael Orbegozo, along with Francisco Martínez Córcoles, Business CEO, and Ignacio Sánchez Galán, Chairman and CEO of Iberdrola as defendants in said proceedings. It should be recalled that these summonses take place in the pre-trial phase (investigation or preparatory phase) and their purpose is to hear the persons concerned while guaranteeing all their rights. As a result of the news and information appearing in the press, Iberdrola's corporate bodies, the Executive Committee and the Board of Directors itself have assessed the situation and its impact on the company. In this regard, as reported in a communication to the CNMV and to the court itself on 25 May, the Executive Committee stated for the record that, from the outset and on an ongoing basis, the Iberdrola Board of Directors and its Committees had acted in accordance with its Governance and Sustainability System, promoting all the actions necessary to fully clarify the facts with the information available at all times and transferring these actions to the judicial authorities. Furthermore, as also stated in the aforementioned communication to the CNMV, to best protect Iberdrola’s interests and based on the confirmation of the conclusions reached in the internal investigations carried out and consistent with its intention to submit any relevant information to the court, it was agreed to place all Iberdrola’s directors and employees at the disposal of Central Instruction Court No. 6 so that, to the extent deemed necessary and as soon as possible, they may appear to provide their testimony and therefore facilitate the completion of the ongoing investigation. This decision was duly communicated on the same date to Central Instruction Court No. 6. The summons received are a way to clarify an investigation in which Iberdrola has acted with the utmost transparency from the outset. Finally, the Executive Committee expressly stated for the record that, according to the conclusions of the internal investigation and the independent forensic report commissioned from PwC, no illegal or irregular conduct (nor any indication of its possible commission) by the members of the Board of Directors or senior management in relation to the facts of the so-called Caso Villarejo case has been revealed.. In view of all of the foregoing and, in particular, taking into account the full internal investigation conducted, the forensic report prepared by PwC, the exhaustive monitoring and detailed information received throughout this process by the Board of Directors and its Committees, and the ongoing assessment by the corporate bodies regarding the situation and the actions by the persons involved, it was agreed that the obligations established in the Company’s Governance and Sustainability System and the recommendations of the listed companies Good Governance Code should be duly complied with in the event that any member of the Board of Directors be called as a defendant in the criminal proceedings, without it being deemed necessary to adopt any measure and ratifying the support for the management carried out. The Company will continue to monitor, in application of its Governance and Sustainability System, the progress of the Caso Villarejo and to fully cooperate with the judiciary in order to achieve full clarification of the facts under investigation as soon as possible. READ MORE
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24/06/2021"The need for companies, entrepreneurs and governments to work together to achieve the climate goals" Iberdrola group Chairman, Ignacio Galán, took part in the Qatar Economic Forum, a digital event organised by financial media organisation Bloomberg. He spoke during a panel discussion called "Powering Sustainability" with the Chairman and CEO of Honeywell, Darius Adamczyk, during which he highlighted: * The importance of collaboration between companies, entrepreneurs and governments to speed up the journey toward the energy transition and the zero-emissions target. * Initiatives like the European Green Deal by the European Union and the new United States administration's climate policy having rejoined the Paris agreement. * The significant investments that have been made in clean energy by the company over the last 20 years will allow the group to amass 100,000 MW of renewable energies by 2030. * The plan foresees an investment of €75 bn by 2025 based on the growth in renewables, grids and storage, a figure which will rise to €150 bn by 2030. Record investments of €17 bn by 2021. * The pivotal role played by major companies and entrepreneurs in providing resources and funds to support further innovation in the electricity sector. READ MORE
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22/06/2021Iberdrola and Grupo Huertas advance in their commitment to promoting electric mobility Iberdrola and Grupo Huertas have signed a new collaboration agreement to continue to promote sustainable mobility through the installation of over 50 electric vehicle charging points at dealers of the leading vehicle distributor group in the Region of Murcia. The agreement covers the installation of charging infrastructure for both in-house use by the dealers themselves - in this case 7.4 kilowatt (kW) chargers - as well as for public use on the street with power ratings including semi-rapid (22 kW), rapid (50 kW), super rapid (150 kW) and ultra rapid (350 kW). The initiative marks a strengthening of the commitment on the part of both companies for a more sustainable business model and an electric mobility partnership initiated in 2019 following the agreement through which they offer customers solutions for installing charging points when they purchase an electric vehicle. Present at the signing of the accord were Francisco Vidal, Managing Director of Grupo Huertas, Itziar Pérez, Iberdrola's Head of Retail for the Region of Murcia, and Patricio Valverde, the company's institutional representative in the Autonomous Community. According to Francisco Vidal this agreement “is another step forward in the technological revolution that we are experiencing within the Huertas Group and in the move towards a new type of mobility. It will enable us to continue to offer our customers the best possible service and contribute towards promoting the installation of charging points next to our dealerships which are well-positioned to serve the major roads and motorways of the Region”. For his part, Itziar Pérez stressed that “this agreement confirms the need for continued collaboration between all the agents involved in sustainable mobility with the aim of making progress in establishing solutions for the electrification of transport, in order to respond to the challenges of decarbonisation and to improving air quality in our towns and cities”. Users of the public charging points will be charging their batteries with 100% green energy from renewable sources, with guarantee of origin certificates (GoOs). Also, the public charging points will be shown on the Iberdrola Public Charging App, the only one in Spain with verified information about all electric charging points, both Iberdrola's and those of other operators. The app enables drivers to locate charging stations, check the operational status in real time, book a charging point and pay using a mobile phone. Electric mobility and green recovery Iberdrola continues to push its stance on transport electrification as part of its strategy for a decarbonised economy, as a key factor in reducing emissions and pollution, as well as for a green recovery in the post-Covid world. The company is implementing its sustainable mobility plan , with an investment of 150 million euros, through which it will intensify the roll-out of charging points for electric vehicles in the coming years. The initiative entails installing around 150,000 charging points in homes and at business premises, as well as on the public road network, in cities, and on the major motorways over the coming years. The commitment to deploy high-efficiency charging points will take the form of the installation of ultra-rapid (350 kW), super-rapid (150 kW) and rapid (50 kW) stations. Iberdrola is aware of the need to boost electric mobility in Spain through coordinated, effective action involving the major players. In this regard, the company has already completed more than 50 infrastructure deployment agreements with administrations, institutions, companies, service stations, dealers and electric vehicle manufacturers. It was the first Spanish company to sign up to The Climate Group’s EV100 initiative, with the aim of accelerating the transition to electric vehicles, committing to electrify its entire fleet of vehicles and facilitate charging for staff in its businesses in Spain and the UK by 2030. READ MORE
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22/06/2021“For the first time in its history, Spain could become the powerhouse of a major global transformation in the form of the new green and digital economy” In an interview with the auditing company KPMG in Spain, Iberdrola chairman Ignacio Galán talks about the opportunities presented by the profound transformation in the Spanish economy, the country's resources and the importance of public-private partnerships: * "Iberdrola has made environmental, social and governance (ESG) principles the basis of its business model", which has led it to become a global leader in renewables and to involve its entire value chain in this requirement. * "A greener economy is also a source of wealth generation and an opportunity to change our economic model towards one that is more competitive, more prosperous, more resilient and one with more and better jobs". * "Thanks to smart grids, it is possible to better respond to the growing demand for more personalised products and services and to more actively manage electricity consumption". * "There is still work to be done to: make legal certainty a differentiating factor in our competitiveness, align taxation with the 'polluter pays' principle, simplify and streamline administrative procedures for clean energy projects, promote training and innovation to accelerate technologies such as green hydrogen and to ensure through verification mechanisms that the recovery funds are allocated efficiently". READ MORE
