News
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11/08/2025 - 12:20 UTC +02:00The Eastern Green Link 4 project reaches a new milestone with the selection of the preferred bidder ScottishPower Energy Networks, Iberdrola's distributor in the United Kingdom , and National Grid Electricity Transmission reached an important milestone in the development of the Eastern Green Link 4 project (EGL4), a new subsea electricity 'motorway', by choosing Siemens Energy as the preferred bidder for the project's two high-voltage direct current (HVDC) converter stations. EGL4 is a new 2 GW high-voltage direct current subsea power link that will transport clean, domestically produced energy between Fife, Scotland and West Norfolk, England. This 530 km high-voltage cable will increase the region's energy capacity and security. Much of the UK's new offshore and onshore wind generation is located in or around Scotland, but the current transmission grid does not have the capacity to transport all this clean electricity to where it is needed most. Long-distance, bidirectional subsea infrastructure such as EGL4 is essential to strengthen the UK's energy security with domestic energy and keep bill prices down by reducing dependence on imported and expensive fossil fuels. EGL4 recently completed its second phase of public consultation at both ends of the link. Construction is expected to begin in 2029, with the project coming online in 2033. You can read the full news story at the ScottishPower Energy Networks Press Room . READ MORE
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08/08/2025 - 10:41 UTC +02:00Avangrid reaches milestone with 80 power generation projects in operation Avangrid, Iberdrola Group’s US subsidiary , has commissioned its 80th power generation project in the United States, marking an important milestone for the company as it supplies energy to homes and businesses in 23 states across the country. In the last six months, Avangrid has put three new solar projects into commercial operation in Texas, Ohio and California, adding nearly 600 megawatts (MW) to the grid, enough to power more than 100,000 homes. This achievement reinforces Avangrid's commitment to the growth the country's energy demand and strengthening the US economy. In March 2025, Avangrid announced its plan to invest $16B in electricity infrastructure in the US through the end of the decade. This plan reflects the critical need to invest in energy infrastructure to meet growing demand, as well as the priority of the United States as an investment destination for Avangrid and Iberdrola. You can read the full news story at the Avangrid Press Room . READ MORE
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06/08/2025 - 13:11 UTC +02:00SP Electricity North West unveiled its new name and visual identity as part of the Iberdrola Group Electricity network operator, SP Electricity North West unveiled on August 4th its new name and visual identity as part of the Iberdrola Group. The new name and look follow the completion of Iberdrola’s majority acquisition of Electricity North West earlier this year and its subsequent alignment with Iberdrola’s ScottishPower brand within the UK. This makes ScottishPower the second largest distribution network operator in the UK – delivering electricity to around 12 million people across a network spanning more than 170,000 kilometres. You can read the full story in the ScottishPower Media Room. READ MORE
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06/08/2025 - 10:02 UTC +02:00Iberdrola receives the last monopiles manufactured by Navantia - Windar for its Windanker offshore wind farm Iberdrola has received the latest monopiles for its Windanker offshore wind farm in the Baltic Sea. Following those built for East Anglia THREE, the components, manufactured by Navantia Seanergies and Windar Renovables, represent the second monopile contract for the Navantia – Windar alliance for Iberdrola and join those already delivered in the United Kingdom, Germany, France and the United States, the result of a strategic collaboration worth over 1 billion euros in orders over the last ten years, demonstrating the energy company's confidence in Spanish companies. These foundations have been produced at the monopile factory that both companies operate jointly at the Navantia Seanergies shipyard in Fene (A Coruña). Each of the pieces measures up to 84 metres in length, 10 metres in diameter and weighs up to 2,100 tonnes, and has created 300 jobs. The order is part of the framework agreement reached by the companies in summer 2021 for the manufacture and supply of XXL monopile foundations. The alliance reinforced Iberdrola's leading role in the local industry and provided stability and certainty to the Navantia-Windar consortium to build a factory for this type of component, which is in high demand in the fixed offshore foundation sector, on the site of the Navantia Seanergies shipyard in Fene. The work carried out at this factory has involved an investment of €36 million to adapt a building to enable the bending of thick sheet metal up to 12 metres in diameter, new painting booths and storage areas for finished products, as well as the incorporation of the latest technology equipment necessary for manufacturing. The Windanker offshore wind farm is located in German waters and forms part of the hub that Iberdrola is building in the Baltic Sea, which will have a total installed capacity of more than 1,100 MW and a combined investment of €3.5 billion. The Wikinger (350 MW) wind farm, already in operation, and Baltic Eagle (476 MW), which was also recently commissioned, are also part of this hub. When Windanker comes online in 2026, it will have a capacity of 315 MW. Thanks to Iberdrola's pioneering commitment to offshore wind power and its experience in the Baltic Sea, Windanker's efficiency has been maximised, making it viable. The farm will feature new-generation turbines with a unit capacity of approximately 15 MW. "At Navantia, we would like to express our gratitude to Iberdrola for once again placing its trust in Navantia Seanergies and also in our partner Windar. Last December, Navantia celebrated a decade in offshore wind power since its first contract with Iberdrola. Since then, we have supplied Iberdrola with foundations and offshore substations for its wind farms, which has helped to strengthen the development of the national supply chain," said Ricardo Domínguez, president of Navantia. For the executive president of Windar Renovables, Orlando Alonso, "Windar Renovables values this order from Iberdrola as proof of the high quality of our products and the reliability of our processes and our collaboration with Navantia Seanergies for more than nine years. In this regard, we work every day to position this strategic business alliance and our company at the forefront of new renewable energy developments in the European market and internationally.‘ ’This delivery is further proof of Iberdrola's commitment to the Spanish industrial fabric. We have been promoting offshore wind power generation around the world for more than 10 years and always seek to develop all our projects in partnership with local industry and Spanish companies and through long-term agreements, which provides stability, international visibility and certainty for our suppliers, generating sustained activity and jobs," said Álvaro Martínez, director of offshore wind power at Iberdrola. Work for East Anglia THREE In parallel with the completion of the Windanker project, Navantia Seanergies and Windar Renovables are also currently working for Iberdrola on the manufacture of monopiles for the East Anglia THREE (EA3) offshore wind farm, located in UK waters, which will form part of the East Anglia Hub complex, which will reach 2,900 MW of installed capacity. As part of this project, the Navantia-Windar alliance is building 45 monopiles in Fene, while Windar Renovables is manufacturing the 95 transition pieces at its plant in Avilés (Asturias). Iberdrola, leader in offshore wind power Iberdrola was a pioneer in offshore wind power, commissioning its first offshore wind farm, West of Duddon Sands, in England in 2014. Today, this technology is one of its main growth drivers. The company is promoting offshore wind power around the world and has a solid portfolio of projects in the United States, the United Kingdom, France and Germany, as well as in Australia and Japan. At the end of the first half of 2025, it had more than 2,470 MW of installed offshore wind capacity, which it plans to increase to 6,500 MW by 2030 thanks to significant investments around the world. READ MORE
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04/08/2025Iberdrola Spain and Burger King extend their renewable energy purchase agreement Iberdrola Spain, Iberdrola's subsidiary in the country , and Burger King® have signed a new long-term power purchase agreement (PPA) for 34 MW of photovoltaic energy, which now stands at 109 MW to cover the annual demand of more than 900 restaurants in Spain. This new agreement will enable Iberdrola Spain to supply the restaurant chain with a total of 1,900 gigawatt hours (GWh) of photovoltaic energy, thus helping to accelerate Burger King®'s progress towards using renewable energy, which will enable it to increase its energy security. Iberdrola has extensive experience in PPAs. The company manages power purchase agreements in Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil, Mexico and Australia for onshore and offshore wind and photovoltaic projects. You can read the full story in the Iberdrola Spain Media Room. READ MORE
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31/07/2025 - 18:20 UTC +02:00Iberdrola agrees to sell businesses in Mexico for $4.2 billion The operation responds to expectations of organic investment of €55 billion in transmission and distribution electricity networks in its subsidiaries in the US (Avangrid Networks), the UK (ScottishPower Energy Networks), Brazil (Neoenergia) and Spain (i-DE), which will almost double its regulated asset base to €90 billion in the coming years. This strategy has already led Iberdrola's British subsidiary, ScottishPower, to acquire the Electricity North West distribution company, which serves the northwest of England, just a year ago for €5 billion. Together with the recently executed capital increase, operating cash flow and current liquidity, the transaction secures the resources to meet the Group's investment plans in the coming years. The deal, which assumes a valuation multiple of $1.6 million per operating MW, includes an installed capacity of 2.6 GW in operation -1,368 MW of combined cycle and cogeneration plants and 1,232 MW of wind and photovoltaic assets-, the commercial activity and the portfolio of generation projects, which the buyer intends to put into operation in the future in line with its expansion plans in the country and the frameworks created by the Government of Mexico to promote new generation. As these projects are completed, the buyer would make payments to Iberdrola in addition to the agreed $4.2 billion. The transaction is subject to obtaining the necessary regulatory approvals. READ MORE
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30/07/2025 - 12:14 UTC +02:00Iberdrola España expands its partnership with Mercadona with renewable energy purchase agreements (PPAs) for over 300 MW for the next decade Iberdrola España, the Iberdrola subsidiary in the country and Mercadona have expanded their partnership with the signing of long-term power purchase agreements (PPAs) for more than 300 MW, associated with wind and solar assets, for Mercadona's logistics centres and supermarkets. Both companies have been working for years to advance their services’. The energy group is responsible for the supply, commissioning and operation of up to 3,500 charging points in 800 supermarkets in Spain and Portugal. The addition of these new charging points for electric vehicles is a major step forward in the expansion of the public charging network. Iberdrola has extensive experience in PPAs. The company manages power purchase agreements in Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil, Mexico and Australia for onshore and offshore wind and photovoltaic projects . Europe's leading electricity company by market capitalisation and the second largest in the world, it has been offering innovative PPA proposals for over a decade. Iberdrola has announced agreements with major companies such as Amazon, with which it has signed wind and photovoltaic PPAs in Spain, Portugal and the United Kingdom for the East Anglia Three offshore wind farm. It has also signed agreements with other global customers like Google , Bayer , BP, Telefónica and Salzgitter, as well as local customers. You can read the full story at the Iberdrola España’s Newsroom. READ MORE
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29/07/2025 - 13:18 UTC +02:00The EIB and Iberdrola sign two €50M loans to rebuild and adapt the electricity grid affected by the cold drop in Valencia Iberdrola and the European Investment Bank (EIB) have signed two €25M loans to finance the reconstruction, redesign, adaptation to climate change and digitalisation work that the company is carrying out on the electricity distribution grid damaged by the cold drop last October in Valencia. These investments are part of Iberdrola España's il·lumina project, launched to build an electricity distribution grid for the future. The project will rebuild damaged infrastructure, increase facility automation , incorporate new smart transformers to improve supply quality, bury overhead power lines and raise and compact transformer substations. These interventions are expected to benefit more than 650,000 customers by increasing the security of energy supply, in a context of extreme weather events and the growing integration of electricity generated by renewable energy sources. You can read the full story at the Iberdrola Spain's press room. READ MORE
