News
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29/10/2025Iberdrola issues €1 billion in its first EU Green hybrid bond Iberdrola has returned to the capital markets, this time to refinance a hybrid bond maturing early next year. The company has placed €1 billion in green hybrid bonds, as reported to the Spanish National Securities Market Commission (CNMV). Like all the hybrids it issues, the bond is perpetual, but has a repurchase option that begins in August 2031. The coupon has been set at 3.75%, making it the lowest of all the hybrids issued this year, and also the lowest in this type of transaction since March 2022. As it did with its senior bond in May this year, Iberdrola complies in this issue not only with the ICMA Green Bond Principles, but also with the new European Union Green Bond Standard. This makes it the first green transaction under this format in a hybrid bond. The demand registered reflected the great interest of investors in Iberdrola, reaching more than €8 billion, which allowed the company to issue a larger amount than initially considered, and an oversubscription of 8 times the final offer, substantially reducing the expected cost. This was made possible by the participation of more than 400 qualified international investors, mainly from Europe and the United Kingdom. In addition, more than 87% of the participation corresponds to sustainable investors or those aligned with the United Nations Principles for Responsible Investment. The company has taken advantage of the favourable market window that emerged after its results presentation, with costs at annual lows and in anticipation of central bank meetings in the United States and Europe, as well as an increase in competitive supply starting next week. Nine leading international banks participated in the placement: Barclays, Deutsche Bank, Mizuho, CACIB, MUFG, ING, Intesa, Wells Fargo, and Caixabank, which facilitated access to investors. The main geographical areas covered by the operation are the United Kingdom (31%), France (19%), Germany (16%), Asia (5%), the United States and Canada (3.5%), and the Nordic countries (2.5%). By type of investor, almost 86% correspond to investment funds. The volume of demand and the conditions set once again demonstrate the high level of confidence of the market and investors in the soundness and solvency of the Group's business and growth plans . This transaction will serve to refinance a similar transaction that will be repurchased in the near future, thus maintaining the company's hybrid volume stable at €8.25 billion, as committed by the issuer at its recent Capital Markets Day in London. Hybrid bonds count as 50% capital, in accordance with the methodology of the main rating agencies, meaning that this transaction contributes to maintaining the group's credit ratings. Iberdrola's last issue of this type of debt was in November 2024 with a coupon of 4.247%. Issuing capacity in capital markets worldwide The issue closed today by Iberdrola is its fourth public transaction on the market so far in 2025, raising €7.15 billion, including the €5 billion capital increase executed in July. READ MORE
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28/10/2025 - 08:39 UTC +01:00Iberdrola to distribute an interim dividend of €0.25 per share, a total payout of around €1.7B Preliminary calendar for the 2026 Iberdrola Retribución Flexible Programme 31 December and 2, 5, 6 and 7 January Closings to determine average price per share. 9 January Last day to acquire shares. 12 January Start of period to trade rights and notify about choices (collect the interim dividend, receive shares or sell rights on the market) and the trading period for free allotment rights. 26 January End of the trading period. 2 February Delivery of shares and payment of interim dividend. 4 February New shares begin trading. READ MORE
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28/10/2025 - 08:26 UTC +01:00Growth in the UK and US drives Iberdrola to Record €9 Billion Investment, Boosting Profits by 17% Watch the webcast replay of the 2025 9 Months Results Presentation . READ MORE
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27/10/2025 - 15:00 UTC +01:00Iberdrola España completes 70% of the network redesign project in Valencia following the storm Iberdrola España, the company’s subsidiary in the country , has completed 70% of the il·lumina plan— an initiative through which its distribution company, i-DE, is investing €100M to redesign the electricity network damaged by the storm that struck the Valencian Community a year ago. Over the past several months, 450 transformer stations have been cleaned and renovated, and more than 300 medium-voltage pylons — affected by the buildup of mud and the force of floodwaters — have been rebuilt.. Iberdrola España’s investment in these new facilities has introduced enhanced resilience measures infrastructure design improvements and the adoption of the latest digitalisation standards. These upgrades will benefit more than 650,000 users, providing a stronger, more reliable network that is better prepared for potential future adverse events. You can read the full story at the Iberdrola España Press Room . READ MORE
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27/10/2025 - 14:23 UTC +01:00Iberdrola installs the converter station for its East Anglia THREE offshore wind farm, the Group's first with high-voltage direct current (HVDC) technology Iberdrola, through its British subsidiary ScottishPower Renewables, has successfully completed the installation of the high-voltage direct current (HVDC) marine converter station at the East Anglia THREE wind farm, located some 69 kilometres off the coast of Suffolk in British waters in the North Sea. The project, which will involve an investment of €5 billion, is the first of the Iberdrola Group's offshore wind farms to incorporate HVDC technology, the most efficient way to transport electricity over long distances. This substation is a key element in the development of East Anglia THREE, Iberdrola's largest offshore wind farm in the world and one of the largest globally. Its function will be to transform the electricity generated by the farm's 95 turbines from high-voltage alternating current to direct current. With a capacity of 1,400 MW, when it comes into operation at the end of 2026, the farm will be capable of generating enough clean energy to supply more than 2.4 million people in the United Kingdom. The £4 billion East Anglia THREE project is a joint project between Iberdrola and Masdar, who took a 50% stake in the windfarm in July 2025 as part of a wider strategic partnership. The Masdar–Iberdrola partnership is one of the largest bilateral alliances in the global clean energy sector. The structure installed is impressive: it weighs 10,700 tonnes and measures 70 metres long, 34 metres wide and 48 metres high. It is the largest module built to date by the Iberdrola Group. To give an idea of its size, the offshore converter station is similar in height to a 16-storey building and weighs 50% more than the Eiffel Tower. The installation operation was a technical challenge, successfully executed thanks to the world's largest crane vessel, Heerema Marine Contractors' SSCV Sleipnir, which had already laid the project's offshore foundations last summer. The module was manufactured in Mangalia (Romania) in mid-2024 and, after travelling more than 3,800 nautical miles, arrived at the Aker Solutions shipyard in Stord (Norway) for final assembly. The installation of this offshore converter station marks a milestone in the progress of the project and reflects the joint effort of the teams and suppliers to carry out a highly complex engineering project. READ MORE
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27/10/2025 - 11:34 UTC +01:00Iberdrola receives award for company that adds most value through M&A Iberdrola has been honoured the Impulsa 2025 award by Capital & Corporate as the company that has most driven its growth through corporate operations . The award was collected by David Mesonero, the company's Director of Corporate Development, at its Annual CapCorp Congress. The award highlights the growth and leadership strategy that Iberdrola has deployed in recent years in mergers, acquisitions and strategic partnerships. Over the last two years, Iberdrola has topped the European ranking with 26 transactions and a transaction volume exceeding €18.5B. Its intense activity has enabled the company to meet its 2026 targets ahead of schedule and make solid progress towards meeting its 2028 goals. Iberdrola's strategy combines partnerships with leading partners, acquisitions in strategic businesses and divestments in non-priority geographical areas. Among the most significant transactions were the purchase of the Electricity North West (ENW) distributor in the United Kingdom for €5B, the acquisition of a minority stake in Avangrid , its US subsidiary, and the increase in control of Neoenergía , its Brazilian subsidiary. The company has also signed partnerships with institutional partners in key markets to spur on international expansion and the development of smart grid and renewable energy projects, sharing risks and optimising financing. Thanks to these operations, Iberdrola has consolidated its position as the leading utility in Europe and one of the two largest in the world by market capitalisation, reaching nearly €115B. CAPCorp is the annual congress for private equity and M&A professionals in Spain. Capital & Corporate is a leading magazine in Spain specialising in information on private equity, venture capital and mergers and acquisitions (M&A). With more than 20 years of experience, this publication is for professionals in the financial and corporate sector, offering reports, interviews, articles, databases and analysis of the main operations and market trends. READ MORE
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27/10/2025 - 10:06 UTC +01:00Ignacio Galán discusses the Iberdrola of today and tomorrow with more than 300 employees from around the world Iberdrola Executive Chairman Ignacio Galán held a meeting with more than 300 professionals from 15 countries, focusing on the growth and transformation prospects that the 2025–2028 strategic plan represents for the Group. The session also addressed the positive impact of the plan in terms of energy security and autonomy, competitiveness, jobs, procurement, innovation and tax contribution, as well as the development opportunities it will mean for the Group's more than 45,000 professionals. Under the slogan ‘Creating Connections to Power the Future’, Iberdrola's Innovation and Training Campus ( San Agustín del Guadalix, Madrid) hosted an event where employees from the Group's different countries and businesses had the opportunity to talk to Ignacio Galán and ask him questions about the future of energy, Iberdrola's role in the industry’s transformation, the Group's prospects in different countries, and its team’s qualities and values. Ignacio Galán reviewed Iberdrola's track record over the last 25 years, which has led it to serve 100 million people and consolidate its position as the largest utility in Europe and one of the two largest in the world, with a market capitalisation of €114B: ‘We are a successful company thanks to our reliability and always being one step ahead’. In addition, the Executive Chairman of Iberdrola reaffirmed the validity of the Group's strategic vision — reflected in its 2028 investment plans of €58B — and highlighted the essential role each employee plays in its execution: ‘We know exactly where we want to go, but achieving the growth we have set ourselves will depend on each and every one of us.’ ‘We have ambitious teams who have a future vision’, he added, encouraging the Iberdrola team to work ‘ethically, with commitment and a spirit of creation’ and to ‘be entrepreneurs’. Finally, Galán expressed his belief in Iberdrola's growth potential: ‘If 25 years ago we were barely number 20 in the world and today we are number one in Europe and number two worldwide, we can do whatever we set our minds to.’ READ MORE
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23/10/2025 - 14:21 UTC +02:00Ignacio Galán receives the 2025 International Energy Award in Qatar At a ceremony held in Doha, the Chairman of Iberdrola , Ignacio Galán, received the 2025 International Energy Award in the category ‘Lifetime Achievement for the Advancement of Renewables’. The award was presented by the International Foundation for Energy & Sustainable Development, founded by former Deputy Prime Minister and former Minister of Energy and Industry of Qatar, Abdullah Bin Hamad Al-Attiyah. With this prestigious award, the Foundation recognises Galán's visionary leadership and his decisive role in the industry's evolution towards cleaner, more innovative and efficient models throughout his professional career. The jury highlighted his ability to anticipate the challenges and opportunities of the sector, foster international collaboration and alliances, and maintain a firm commitment to sustainability. During his acceptance speech before business executives, ministers and ambassadors, the Chairman of Iberdrola expressed his gratitude for an honour that unites him “with a select group of distinguished individuals who have received this international award” and which he receives “in a country as special to me as Qatar”. With more than two decades at the helm of Iberdrola, Ignacio Galán has transformed the company into a global benchmark for its commitment to the electrification of the economy. Today, Iberdrola is the leading European utility by market capitalisation and one of the two largest in the world, with a presence in key markets such as the United Kingdom, the United States, Brazil, Spain, France, Germany and Australia. Under his leadership, Iberdrola pioneered renewable energy, smart grids and storage decades ago, and is now driving an ambitious strategic plan that strengthens its regulated profile with grids as a vector for growth. The Group will invest €58 billion by 2028, two-thirds of which will be allocated to transmission and distribution networks, mainly in the United Kingdom and the United States. Other personalities have also been honoured this year, including Steven Chu, winner of the Nobel Prize in Physics in 1997, and Haitham Al-Ghais, Secretary General of OPEC. About the Al Attiyah International Energy Awards Since 2013, these awards have recognised the professional excellence of individuals who have made outstanding contributions to the global energy industry. Previous winners include the Executive Director of the International Energy Agency (IEA), Fatih Birol; the former Secretary General of OPEC, Abdalla Salem El-Badri; and the former Prime Minister of Qatar, Sheikh Khalid Bin Khalifa Al-Thani. The Abdullah Bin Hamad Al-Attiyah International Foundation for Energy & Sustainable Development is a non-profit organisation based in Qatar, created to preserve and expand the legacy of its founder's more than 40 years of service in the energy sector. This independent think tank provides rigorous and practical analysis and promotes dialogue and global cooperation among leaders, experts and policymakers to advance a more just and sustainable energy future. READ MORE
