News
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22/04/2021Iberdrola and Porcelanosa launch their first project to electrify ceramic production by combining renewables, green hydrogen and heat pump technology Iberdrola and Porcelanosa have launched the first project to electrify ceramic production by combining renewables, green hydrogen and heat pump technology. The so-called GREENH2SKER project is the first joint project that these two companies have launched after recently entering into an agreement to promote the decarbonisation of the industrial ceramic production process. The purpose of the project is twofold. On the one hand, it will improve energy use and reduce CO2 emissions by developing a system that uses both green hydrogen and a heat pump to be implemented in an oven in a Porcelonosa factory in Vila-real. This solution will optimise residual thermal energy, replacing up to half of the natural gas used as fuel with green hydrogen. The integral project includes installing an electrolyser on the Porcelanosa site, powered by a photovoltaic plant to produce green hydrogen. It will also include a technological structure that will utilise excess waste heat and heat from the production lines by means of high-efficiency systems. By making these changes to its combustion system, Porcelanosa will integrate green hydrogen generation with the efficient use of a heat pump to avoid releasing 2,351 tonnes of CO2 /eq year and reduce the energy impact derived from its industrial activity, thus complying with the Decarbonisation Objectives set by the European Union. This innovative solution, the first of its kind implemented in the ceramics industry, opens the road to the decarbonisation of this sector and other thermal energy-intensive industries which are currently heavy users of fossil fuels. As well as Iberdrola and Porcelanosa, Sacmi, an international ceramic industry plant and machinery manufacturer will collaborate on the GREENH2KER project. The measure has been presented to the European Innovation Fund Small Scale Projects programme, aimed at real investment projects with highly innovative content. It will be judged according to its new technology, GHG (greenhouse gas) emissions savings and the maturity and replicability to decarbonise other industry sectors. Green investment to reactivate the economy and job market Iberdrola is convinced that the energy transition can serve as a driving force in the transformation of industry and recovery with a greener economy and employment. The company has, therefore, launched a historic investment plan worth 150 billion euros over the next decade, 75 billion euros by 2025, to triple renewable capacity, double network assets and take advantage of the opportunities brought by the energy revolution that the world's leading economies are facing. Investments in Spain total almost 14.3 billion euros by 2025, which will be spent mainly on renewables and smart networks. After twenty years promoting the energy transition, Iberdrola is a leader in renewable energy with nearly 35,000 MW installed; a volume that makes its generation park one of the cleanest in the energy sector. With 98 grCO2/kWh emissions, which is already two thirds lower than the European average, the investment strategy in clean energy and grids will make Iberdrola a "carbon neutral" company in Europe by 2030. READ MORE
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21/04/2021Iberdrola signs €2.5 billion new sustainable, multi-currency credit facility with pre-COVID conditions Iberdrola has today signed a new credit line amounting to €2.5 billion with 21 banks, linked to sustainability indicators. The conditions of the subscription have pre-COVID levels, with prices similar to its last such transaction – in March 2019 – despite the current banking environment. The facility has a term of five years, extendable for a further two years, and is multi-currency. These conditions demonstrate the confidence in the group’s financial strength and strategy. Iberdrola is currently executing a major €75 billion investment plan up to 2025, focused on renewables and networks. It is also the first transaction of a Spanish company referenced to risk free rates (RFR) instead of LIBOR, with the indices serving as a model for future financing. This new credit line is subject to two sustainability indicators, related to environmental and social issues. Based on performance, the margin of the operation can be adjusted step up or step down. The first indicator is related to the group’s emissions reduction, in line with UN Sustainable Development Goals (SDGs) 3 and 17. Iberdrola’s CO2 emissions target by 2025 is set at below 70 g/kWh. Emissions in 2020 were 98 g/kWh, a reduction of 11 % on the year before. The second indicator is associated with the increase in the number of women in leadership positions in the company. In this regard, Iberdrola has proposed that 30 % of these positions should be occupied by women by 2025, in line with UN SDG 5, related to gender equality. Iberdrola and the banks involved in the operation have also introduced, for the first time, a third social factor. Each year, a financial contribution will be made by Iberdrola to a sustainable project, for an amount depending on the degree of utilization of the line. The beneficiary project will be defined in 2022 and the first contribution will be made in 2023. Thus, the financial institutions syndicating this credit facility also demonstrate their sustainable commitment to a project, aligned with SDGs 5, 7 and 13 to which the operation is linked. BBVA acted as the agent bank and sustainability coordinator, together with Unicredit. With today´s agreement, Iberdrola has moved closer to its goal of having 100 % of its credit lines green or sustainable by 2025, which currently stands at 90 %. The company led the way in sustainable financing. In 2018 Iberdrola closed the largest ever credit facility (€5.8 billion) under sustainability criteria. The facility signed today also meets the Sustainability-Linked Bond Principles of the Loan Market Association and will benefit from the independent opinion of VigeoEiris. Global leader in sustainable and green finance Iberdrola has consistently led the way in sustainable financing. The company is the largest private green bond issuer in the world and was the first Spanish company to issue green bonds in 2014. In 2016, the company also underwrote the first green loan for an energy company, amounting to €500 million. At present, the group has outstanding green or sustainability-linked financing of more than €32 billion, of which more than €13 billion are green bonds. Also, 90 % of its credit lines already incorporate sustainable criteria. Iberdrola's strategy is for its financing structure to have an increasingly higher percentage of green and sustainable products, reaching 63 % of the total by 2025. Specifically, 100 % of its credit lines and 70 % of its hybrid bonds will meet these characteristics this present year. This approach to financing responds to the major €75 billion investment plan launched by Iberdrola between now and 2025, aimed at doubling its renewable capacity to 60,000 MW and increasing the value of its network assets to €47 billion. A plan that aims to promote the decarbonisation of the economy and, with it, economic recovery and employment. With planned investments by 2030 standing at €150 billion, the group will reach an installed capacity of approximately 100,000 MW. READ MORE
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12/04/2021Iberdrola brings green hydrogen to Glasgow A planning application to deliver the UK’s largest electrolyser has been submitted by ScottishPower, Iberdrola subsidiary. The 20MW electrolyser will be the key component of a green hydrogen facility located close to ScottishPower’s Whitelee windfarm (539 MW). The planning application also includes proposals for a combined solar, up to 20MW, and battery energy storage scheme, up to 50MW, to help power the electrolyser. The new facility will be able to produce up to 8 tonnes of green hydrogen per day, roughly equivalent to fuelling over 550 buses to travel from Glasgow to Edinburgh and back again each day. It will be the first project to be delivered by Green Hydrogen for Scotland, a partnership between ScottishPower, BOC and ITM Power, to create green hydrogen production facilities with clusters of refuelling stations across Scotland. Green hydrogen is a zero-carbon energy source which can be used by industries and companies that cannot fully electrify their operations to help them lower their emissions, for example, heavy duty transport like buses and bin lorries. The partnership’s first project, ‘Green Hydrogen for Glasgow’, is designed to provide carbon-free transport and clean air for communities across Glasgow. The city, set to host the United Nations 26th Climate Change Conference, COP26, later this year, aims to become the first net-zero city in the UK by 2030 by creating, among other initiatives, a zero-emission vehicle fleet, using only electric and hydrogen-powered vehicles The proposed green hydrogen project will be led by ScottishPower and located on the outskirts of Glasgow. The project will be engineered and operated by BOC, using wind and solar power produced by ScottishPower Renewables, and incorporate a 20MW electrolyser, delivered by ITM Power. Decision on the planning application is expected by the end of autumn 2021 and the project aims to supply hydrogen to the commercial market before 2023. Barry Carruthers, ScottishPower’s Hydrogen Director, said: “Whitelee keeps breaking barriers, first the UK’s largest onshore wind farm, and soon to be home to the UK’s largest electrolyser. The site has played a vital role in helping the UK to decarbonise and we look forward to delivering another vital form of zero carbon generation energy at the site to help Glasgow and Scotland achieve their net zero goals.” Barry explained that “green hydrogen is a sustainable energy source that can provide clean, renewable energy for industries, heavy transport and companies for decades to come.” Graham Cooley CEO ITM Power, commented: “This is an exciting milestone based on market development for green hydrogen for the city of Glasgow, that will see the UK’s largest electrolyser deployment to date being realised in Scotland.” Mark Griffin, Hydrogen Market Development Manager for Clean Fuels at BOC said: “The scale of this project demonstrates the growing demand for clean hydrogen and as a member of the Green Hydrogen for Scotland partnership, we’re delighted to bring our hydrogen mobility and refuelling project expertise to help deliver a ground-breaking facility in Glasgow.” Iberdrola is currently developing the most ambitious green hydrogen projects in Europe, which will enable the decarbonisation of industry and transport or heavy mobility in countries such as Spain and the United Kingdom, as well as developing the supply chain. The company has submitted 53 projects to the Next Generation EU programme, which would activate investments of €2.5 billion to achieve an annual production of 60,000 tn/year. Scottishpower also supports decarbonisation through green hydrogen projects across the British Isles. READ MORE
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09/04/2021The King and Queen of Spain officially open the Iberdrola Campus, a global centre for innovation and job creation The King and Queen of Spain, accompanied by the Minister of Education and Vocational Training, Isabel Celaá, and the Chairman of Iberdrola, Ignacio Galán, today inaugurated the company's Innovation and Training Campus in San Agustín del Guadalix (Madrid), within the framework of the Iberdrola RETO Day, with a focus on Recovery, Clean Energy, Energy Transition and the Sustainable Development Goals (SDGs). These state-of-the-art facilities serve as Iberdrola’s global centre for knowledge, innovation and job creation. With nearly 13,000 people receiving training in its classrooms every year, it represents Iberdrola's commitment to technology, R&D and collaboration with technology centres leading the energy transition, and the green economic recovery, as well as the employment and employability of young and senior professionals in sectors of the future. Spaeking at the event, Ignacio Galán, Chairman of Iberdrola, highlighted that "the Campus is born from the conviction that the future does not belong to those who theorise, but to those who deliver it. The longest standstill in two generations will be a catalyst for true sustainable development and a recovery that leaves no one behind. This is the RETO (challenge) we must face together. And we have the tools to overcome it: Recovery, Clean Energy, Energy Transition and SDGs". During the visit to the Campus, the King and Queen of Spain and Minister Celaá learned first-hand about Iberdrola's commitment to the European Re-skilling 4 Employment programme, an initiative of the European Roundtable of Industry (ERT), co-led by the company, with the aim of providing skills training for people at risk of losing their jobs due to the impact of the digital divide. The project aims to promote between 2.5 and 5 million jobs in Europe and between half a million and 1 million in Spain by 2030 among groups such as the long-term unemployed, young people and the over-45s. The digital revolution, automation and an evolving skills landscape have caused a professional gap that puts many people’s jobs in Europe at risk. In this context, Iberdrola, together with other companies such as SAP, Telefónica and McKinsey & Company, will contribute to boosting training and search for structural solutions against unemployment on the continent. The project is aligned with the priorities of the European Recovery Plan and the Spain Can Recovery Plan, scheduled to be launched officially next May. Many of the 53 hours of training that each Iberdrola employee receives per year are given in the classrooms and workshops of the Campus. Iberdrola also carries out skills training activities in collaboration with universities such as Pontificia de Comillas and Deusto, in the Basque Country; the Massachusetts Institute of Technology, in the United States; the University of Strathclyde, in the United Kingdom; the Technologic Institute of Monterrey, in Mexico; and Hamad Bin Khalifa University, in Qatar. Recognition of a global ecosystem of 22,000 suppliers and 400,000 workers During the inauguration, King Phillip and Queen Letizia, together with Ignacio Galán, presented the Iberdrola RETO (Recovery, Energy, Transition and SDG) Supplier of the Year Awards to four companies. Two of them – explained the Chairman of Iberdrola – "have excelled in the promotion of two aspects set by Europe for recovery, such as the energy transition and digitisation. And the other two are examples of two major objectives of our society, jobs and equality". In this context, Mapfre was recognised for its commitment to equality; and the British company Kirby for its commitment to digitalisation. Van Oord, a Dutch company specialising in maritime construction, was acknowledged for its advances towards the energy transition; and the Basque consultancy firm Ibermática, specialising in information technologies, was recognised for its promotion of quality jobs. Iberdrola also awarded a special COVID mention to five companies –Amara, Ormazabal, Iturri, Wottoline and DSV – for their commitment during the pandemic. "Companies that, in the midst of the crisis, worked side by side with us to selflessly deliver the medical equipment that we provided to the authorities at a time when it was in such short supply", said Galán. With these Awards, Iberdrola wished to highlight the work of the strategic partners that make up its supply chain and to recognise a year of particularly close collaboration due to the pandemic. In 2020, the company, in addition to providing stable, quality employment for nearly 40,000 professionals, added 3,800 new professionals to the group, made record investments of close to €10 billion euros and advanced orders for €14 billion euros to its 22,000 suppliers, thus providing visibility to an ecosystem of partners that supports 400,000 jobs worldwide. In 2020, the tax contribution of the company's activities amounted to €7.5 billion worldwide, of which €3.4 billion was paid in Spain. The year also represented ta major stride forward in the company’s commitment to the energy transition, an objective to which the company has allocated €120 billion over the past twenty years. To this end, it will invest another €150 billion by 2030 - the largest industrial plan ever presented by a Spanish company. This will triple its renewable capacity, already one of the world’s largest – to almost 100,000 MW; deliver smarter grid networks and promote new energy growth areas such as green hydrogen. Investing in innovation to transform industry and jobs As part of the inauguration, the Spanish monarchs toured various new energy-technology projects that exemplify Iberdrola's commitment to R&D&I. The company has made investments of more than €2.3 billion in R&D since 2010 – of which nearly €300 million was invested by 2020 alone – and has committed to reach €400 million per year by 2025, Iberdrola is the leading private energy company in Europe and the second in the world in terms of investment in innovation, according to the European Commission. The company has exhibited its progress in one of the most promising technologies of the future, offshore wind, where it is one of the world leaders. It currently has three wind farms in operation in the Baltic Sea, the North Sea and the Irish Sea, and has a pipeline of 19,000 MW, of which 9,000 MW are ready for construction. Another solution for the decarbonisation of industry and heavy transport in the coming years, in which innovation plays a key role, is green hydrogen. In alliance with Fertiberia, Iberdrola is making progress in the development of an ambitious comprehensive project to make Spain an industrial leader in this sector, with the projection of 800 MW of green hydrogen production capacity, with an investment of €1.8 billion by 2027. The innovation initiative will begin with the start-up of the first and largest green hydrogen complex for industrial use in Europe, which will be operational in Puertollano this year. It will also work on the development of the local supply chain in Spain with the Iberlyzer project. For these renewable technologies to be efficiently integrated into a robust, flexible and digital energy system, it is essential to have more and smarter grids. The company is undertaking ambitious investment plans and has launched its Global Smartgrids Innovation Hub, also located in Spain, which will act as a platform for innovation, combining the company's technological capacity with that of suppliers, collaborators and start-ups. Biodiversity and reforestation of 20 million trees by the end of the decade Aware that halting biodiversity loss is one of humanity's greatest challenges in combating climate change, Iberdrola has set a reforestation target of 20 million trees by the end of the decade, an amount capable of capturing approximately six million tonnes of CO2 in 30 years. To meet this goal, it will plant 2.5 million by 2022 and 8 million by 2025. During the visit to the centre of excellence, the company also announced its collaboration with CO2 Revolution, which specialises in planting pre-germinated seeds from drones. With the support of drones to speed up planting, this initiative is capable of reforesting large areas of land with native species in record time. READ MORE
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09/04/2021“This centre is our flagship example of how to create and attract talent” To mark the occasion of the inauguration of the Iberdrola Campus for Innovation and Training, Iberdrola Chairman Ignacio Galán was interviewed by the journalist Carlos Alsina for the programme Más de Uno, a leading Spanish radio feature which was broadcast from this centre. Galán called the Campus for Innovation and Training “our flagship example of how to create and attract talent” and highlighted the presence of their Majesties the King and Queen of Spain at the opening ceremony as "a major source of pride for the entire Iberdrola family”. The day also provided the stage for the presentation of awards to recognise “the suppliers who help us to provide a vital service, especially in such a difficult year as this has been” and also “all those who in the midst of the pandemic have helped us to get hold of medical supplies to be placed at the service of society”, he explained. In this regard, he made special reference “to our volunteers, who transformed this Campus into a logistics hub and made it possible to deliver health supplies to where they were most needed”. Alliances for accelerating the energy transition Ignacio Galán responded to questions from Alsina by justifying the importance of creating partnerships to speed up the energy transition. “The investments needed to turn the current economy into a green one and create an energy system based on electrification are huge”, he pointed out. In this regard, Iberdrola is contributing its “know-how, experience and capabilities” through agreements with businesses that are “committed to sustainability, equality and the environment”, with the aim of advancing this process as much as possible. Galán also acknowledged the recent passing in Spain of the first Climate Change Law, which he classed as “great news”. In his opinion this legislation will make it possible to move towards a “cleaner, better and more efficient” country at the same time as promoting large-scale investments that will translate “into the generation of wealth and employment”. READ MORE
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07/04/2021Iberdrola and MAPFRE create a strategic alliance to invest together in renewable energy in Spain Iberdrola and MAPRE have created a new strategic alliance to make joint investments in renewable energies in Spain. The utility and the insurance company have set up a pioneering co-investment vehicle to achieve their goals that includes 230 MW of green projects, both wind and solar photovoltaic (PV), from the utility's portfolio. The agreement foresees adding more operating assets over time, as well as new renewable projects under development from the energy company's pipeline, targeting 1,000 MW. MAPFRE is the majority shareholder in the vehicle with an 80% stake, while Iberdrola holds the remaining 20% and is responsible for developing, building and operating the wind farms. The first 100 MW of operational assets, located in Castilla y León, are split between two wind farms in Soria and Burgos. The 130 MW PV projects are being developed in Castilla-La Mancha, in the province of Guadalajara, and are expected to be commissioned in the third quarter of 2022. The alliance combines the strengths and skills of two leading companies, both of which are committed to the energy transition and the green economic recovery, job creation and Spain’s industrial transformation. Iberdrola has brought in a partner to develop its renewable growth plan and asset rotation strategy, while MAPFRE adds a global renewable energy leader to its sustainable investments in Spain. To date, the insurance group was making all these investments in alternative assets through real estate, infrastructure and private capital funds. At the end of last year, the Group completed its first infrastructure fund with Abante, raising €300 million, and invested in Macquarie Infrastructure and Real Assets (MIRA) funds, the world's leading infrastructure group. According to Ignacio Galán, the Chairman of Iberdrola, "the alliance illustrates the need to work together, with commitment and action, in order to lead the transition towards a low-carbon economy, drive re-industrialisation and create jobs in our country. This urgent strategy has the backing of the European Union and the International Energy Agency. In MAPRE we have found an ideal partner to drive investments and projects in the technologies of the future, enabling us to build a stronger, more competitive and sustainable economy for all". Antonio Huertas, chairman of MAPFRE, says that "this alliance between leaders allows us to grow together and, in our case, to continue diversifying our portfolio in a low-interest rate scenario while boosting investments with a positive impact on the environment. Meanwhile, we will move on with our commitment to energy efficiency as an instrument for green growth based on a low carbon economy". This also underpins the collaboration between Iberdrola and MAPFRE in the energy area: in January, both companies signed an agreement whereby the insurer's sales branch network in Spain, comprising around 3,000 offices, supplies personalised and 100%-renewable Iberdrola products; the first alliance of this nature between an insurance provider and an energy utility in Spain. Green investments to power the economic recovery Iberdrola has been at the forefront of the energy transition for 20 years, acting as a driving force in the green economic recovery, job creation and the transformation of industries. To achieve this, the company has launched a major €150 billion investment plan over the next decade – €75 billion for the period 2020-2025 – with the aim of increasing three-fold its renewable capacity, doubling its network assets and seizing the opportunities of the energy revolution facing the world's leading economies. In Spain, it will invest €14.3 billion by 2025, most of which earmarked for an ambitious renewable and smart grid plan. The company is currently building 1,800 MW of PV and wind generation projects in the country and has a 12,900 MW project pipeline at year-end 2020. In Spain, the company leads the renewable energy industry with an installed capacity of 16,700 MW, which will grow to 25,000 MW by 2025 thanks to its investment plan. After investing €120 billion over the past 20 years, Iberdrola is at the cutting edge of renewable energy, with close to 35,000 MW installed capacity worldwide, making its generation fleet among the cleanest in the energy sector. With emissions of 98 grCO2/kWh, two thirds lower than the European average, Iberdrola's strategy of investing in clean energy and grids will make it a carbon neutral company in Europe by 2030. READ MORE
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31/03/2021Iberdrola’s buildup in Greece: 102 MW wind turbine contract awarded, including most powerful onshore wind turbine Iberdrola advances in the development of renewable projects in Greece, within the framework of its strategy to combat climate change. It has signed a 102 MW turbine supply contract for its Askio II, Askio III and Rokani wind farms. The Rokani project, in the Viotia region, will install three EnVentus V162-6.0 MW turbines, the most powerful onshore wind turbines in the market to be used for the first time in Greece. The order also includes the supply and installation of twenty V150-4.2 MW for Askio II (33.6MW) and Askio III (50 MW) wind farms, located in Kozani, in the country’s north, as well as two Active Output Management 5000 (AOM 5000) service agreements for 5 and 10 years. Turbine delivery will take place in the first half of 2022 whilst commissioning is scheduled for the second half of the same year, after which Iberdrola's capacity in Greece and Cyprus will reach 437 MW. The three projects were awarded to Iberdrola in the renewable capacity auction organised by the Greek government in July 2020. Through technological innovation and greater efficiency, the company is committed to develop competitive renewable energy, which is essential to advance in the energy transition towards a decarbonised model and combat climate change. Green investment to drive economic recovery Iberdrola is convinced that electrification and the energy transition will act as a key driving force in the green economic recovery, job creation and the transformation of industries. To this end, the company has launched a major € 150 billion investment plan for this decade – €75 billion for the period 2020-2025 – with the aim of doubling its renewable capacity and seizing the opportunities of the energy revolution facing the world's leading economies. After twenty years promoting the energy transition, with investments of €120 billion euros, Iberdrola is a leader in renewable energy, with an installed capacity of close to 35,000 MW, making its generation fleet one of the cleanest in the energy sector. With emissions of 98 grCO2/kWh, two-thirds lower than the European average, Iberdrola's strategy of investing in clean energy and grids will make it a carbon neutral company in Europe by 2030. READ MORE
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31/03/2021Fundación Iberdrola España takes the 'El Prado Museum on the Streets' exhibition to Cuenca Fundación Iberdrola España has taken its exhibition 'El Prado on the Streets' to Cuenca, where it can be seen from 31 March to 26 April in San Julián Park. This is the final showing of a travelling exhibition that has toured eight cities in the region. The Prado Museum and Fundación Iberdrola España have been working on this project in collaboration with the Regional Council of Castile-La Mancha so as to enable more people to discover the collections and historical heritage of the Prado Museum through a series of educational programmes and cultural outreach activities. The exhibition recreates the experience of visiting the museum by allowing visitors to view the paintings at full size, giving them a sense of looking at a real work of art. It will introduce the residents of Cuenca to 50 of the greatest pieces from the Museum’s Permanent Collection in the form of life-size photographs displayed in San Julián Park, one of the most emblematic locations in the city. The exhibition was opened this morning by Emiliano García-Page, president of the Castile-La Mancha regional government; Darío Dolz, mayor of Cuenca; Miguel Falomir, Director of the Prado Museum; Fernando García, president of Fundación Iberdrola España; and Ana Muñoz, deputy minister of Culture and Sports for the Castile-La Mancha Regional Government. A journey through the history of Western art This large, open-air exhibition, curated by Fernando Pérez Suescun, Head of Educational Content at the Prado Museum, will allow the visiting public to take a tour through the different artistic schools covered by the Prado’s permanent collections and learn about the history of Spain, Europe and Western art in general, as painted by the great masters. The Spanish, Italian, Flemish, French, German and Dutch schools are represented through their leading artists from the 12th century to the early 20th century. The show also has bilingual information panels on each of the works, as well as bilingual panels with information on the history of the Museum and its collections. The reproductions are shown at a scale of 1:1. Due to the dimensions of the exhibition stands, this means that some of the larger works are represented by just a detail of one of their most impressive and memorable sections. However, the entire painting will be shown in the explanatory panel. After the great success of the exhibition during the museum's bicentenary celebrations, 'The Prado Museum on the Streets' began its journey through Castile-La Mancha on 13 July in Sigüenza and has travelled to eight cities in Castile-La Mancha over ten months - Sigüenza, Puertollano, Tomelloso, Ciudad Real, Toledo, Guadalajara, Talavera de la Reina and now finally Cuenca, which had originally been cancelled this February due to Covid-19 health restrictions. Cuenca will be the last stage of this exhibition's tour of Castile-La Mancha. Fundación Iberdrola España is a Protector member of the Prado Museum Fundación Iberdrola España focuses a key part of its activity on caring for and maintaining Spain’s cultural and artistic wealth. The Foundation has been working with the Prado Museum since 2010 by supporting the gallery’s conservation and restoration programmes, as well as offering four annual grants for young restorers. It was also keen to join in the Special Programme for the Prado Museum’s bicentenary celebrations, specifically with the launch of this travelling exhibition in Spain. Since 2011, Fundación Iberdrola España has allocated a total of €13 million to art and culture, focusing its resources primarily on the Restoration Programme to support the restoration workshops of leading museums for the conservation of their pictorial and artistic heritage. The Foundation also sponsors the Lighting Programme, which covers the design, execution and financing of artistic projects to illuminate iconic buildings and monuments. READ MORE
