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30/11/2022We present the Iberdrola Supera awards for the promotion of equality The Executive Chairman of Iberdrola, Ignacio Galán, was this afternoon in charge of presenting the Iberdrola Supera Awards, recognising the promotion of equality through sport with a total of €300,000, which will be used to make the winning projects in each of the six categories a reality. Since 2016, Iberdrola has been the main promoter of women's sport in Spain. It supports 32 National Federations, promoting more than 600,000 federated women, 2 out of every 3 federated women, and has more than 100 competitions with the Iberdrola naming right, including 32 leagues. In relation to the awards, Galán highlighted that with these "the company materialises its integral commitment to equality, accompanying girls and women to fulfil their dreams through sport. Just as a building needs the best possible foundations, our future sportswomen and women also deserve the best possible support. Events like today's are the path to future success and give visibility to initiatives ranging from grassroots sport to top-level competition, including the more social aspects of sport, such as inclusion and mental health care for sportswomen". The Jury of Honour, made up of Susanna Griso, Sonsoles Ónega, Eli Pinedo, Ona Carbonell, Amanda Sampedro, Carolina Marín, Javier Fernández, Jesús Carballo, Manu Carreño, Marta Arce, Paloma del Río, Sandra Sánchez, Silvia Navarro, Teresa Perales and Vicente del Bosque, has been deliberating for days to reach its decision. The winners were informed of the verdict at an event hosted by journalist Aurora González and entertained by the illusionist Jorge Luengo and singer Luz Casal, which was attended by the president of the Consejo Superior de Deportes, José Manuel Franco; the secretary general of the Spanish Olympic Committee, María Victoria Cabezas, the president of the Spanish Paralympic Committee, Miguel Carballeda; representatives of the 32 National Sports Federations sponsored by the company, Sofía Miranda; and representatives of the 32 National Sports Federations sponsored by the company; the President of the Spanish Paralympic Committee, Miguel Carballeda; the Delegate Councillor for Sport of Madrid City Council, Sofía Miranda; representatives of the 32 National Sports Federations sponsored by the company; and a large number of Iberdrola Ambassadors, such as Carolina Marín (badminton), Ona Carbonell (synchronised swimming), and Teresa Perales (swimming), among others. The awards gala put the finishing touch to a third edition that had 600 candidates and which today has made visible in a festive way the role that the company is playing in the achievement of equality through sport. With a total of €300,000, the awards will award €50,000 to each of the winning projects, programmes or initiatives in the six categories: "Supera Base", for the promotion of grassroots sport among girls up to the age of 16, which has been awarded to the Getxo Skating and Roller Hockey Sports Club (Basque Country), with the aim of adapting its infrastructures to be able to compete. "Supera Competición", to help the incorporation of women into competition, which will help the Club Deportivo Pingüinos Rugby de Burgos (Castilla y León) to be promoted to the División de Honor B and make rugby a sport of reference for all women and girls in the province. "Supera Inclusión", for the insertion of women with special abilities in the practice of sports, which the Delikia Sports Club has achieved to promote the practice of athletics among young people with disabilities through training in schools, associations and medical societies in Galicia. "Supera Social", to promote the integration of women in society through sport, and which will help the Algeciras Rowing Club (Andalusia) to help women who have overcome breast cancer to integrate into society through team rowing. For its part, "Supera Difusión", for giving visibility to women's sport, has awarded the documentary series "Conquistadoras", from the ExtTV channel for its project to tell the stories of sportswomen, clubs and federations worthy of being known, valued and remembered. And, as a novelty this year, "Supera Salud Mental", which rewards mental health care in the field of sport, went to the project "Train your wings", by Affit, for the application of a sports programme in the Therapeutic Educational Unit of the Provincial Hospital of Castellón, and for the improvement that the adolescents will achieve thanks to the increased hours of physical activity. Presenting the Iberdrola Supera Awards - Iberdrola READ MORE
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30/11/2022"The European Commission has done a great job, but now the Member States must do what they have to do" Mr Galán spoke to CNBC’s flagship European programme, Squawk Box, about the energy crisis, the outlook for energy in Europe and the U.S., as well as priorities for Iberdrola investment over the next three years. Speaking to the anchors of the show, Karen Tso and Geoff Cutmore, they opened by pointing out the record EUR 47 billion investment plan announced by Iberdrola at Capital Markets Day . Mr Galán commented that ongoing volatility in the energy sector has been driven by volatility in the oil and gas sector and the world’s reliance on it for around 75 % of energy needs compared with 25 % on electricity. Having witnessed three different crises in the energy sector across more than 20-years in the sector, the Chairman warned that continuing to rely on fossil fuels would result in the same issues being repeated in the future. To resolve ongoing crisis, more carrots and not sticks are needed to incentivise the growth of clean energy. ‘Sticks’ included the permitting process and regulatory challenges in the EU, as countries are more fragmented on the response to the crisis. Stability would offer the support needed to scale up clean energy solutions to reduce dependence on energy imports, including deploying more renewable energy , strengthening grids , and developing more interconnection between countries. He was positive about the fact that Europe already has established and ambitious frameworks agreed, such as Fit for 55 and RePowerEU. He stressed the need for an energy union in Europe, and less fragmentation when it comes to setting energy policies amongst the member states. Mr Galan noted that the Inflation Reduction Act (IRA) in U.S. was promoting investment in clean energy and grids and new solutions such as green hydrogen . Discussing Iberdrola investment plans, Mr Galán highlighted that U.S. investment was increasing, and this also included the upcoming acquisition of PNM in New Mexico. He reiterated that ambitious investment is also planned in Europe and the UK, pointing to major investments in offshore wind . READ MORE
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28/11/2022We accelerate decarbonisation and build a new 50 MW wind farm in Greece within six months Iberdrola has begun commissioning of Askio III wind farm, located in the town of Galatini, in the region of Western Macedonia, Greece. With an installed capacity of 50 MW, it will be capable of supplying enough clean, affordable and locally produced energy to meet the annual needs of more than 54,000 homes. In just over six months, the company has completed the installation of the 12 wind turbines that make up the wind farm, with 70-metre-long blades and a rotor diameter of 150 metres, as well as all the work necessary to connect them to the grid. In total, around 30 kilometres of cable have been laid, between the three internal medium-voltage circuits and the evacuation line. In addition, the Lygeri substation near the town of Kozani has been extended. Although the plant is located in a mountainous area at an altitude of 1,500 metres above sea level and on rocky terrain, the simultaneous execution of civil works, transport and wind turbine assembly, which began in April, has enabled construction to be completed in such a short period of time. In addition, in order to speed up the commissioning process, all the turbines were tested with the help of generators before being connected to the grid. Thus, Iberdrola has managed to complete the project before the arrival of winter, which would have delayed the evacuation of the facility's renewable production to the Greek electricity system for months, due to the heavy accumulation of snow that is common in these mountains. During its construction, the project has generated an average of 75 jobs, with peaks of up to 150 jobs, mostly local. Technology to care for the environment In order to minimise the environmental impact, Blade Lifter technology has been used. This method is based on a 10-axle trailer that incorporates an articulated platform to rotate and vertically tilt the blades during transport, making it possible to move it along existing roads and tracks. In this way, it reduces the need to build additional access while reducing environmental impact. In addition, the turbines are assembled in two stages, which reduces the surface area of each wind turbine platform. By using its own smaller transport crane to assemble the first section of the tower, the need for space for stockpiling the wind turbines is minimised. This installation will share the grid connection point with the Askio II wind farm, currently under construction, which will reduce its environmental impact and facilitate the commissioning process once the plant is completed. More than 365-MW clean capacity in operation The Iberdrola group now has 365 MW clean capacity installed in Greece. In addition to the 38 MW Askio II wind farm, which has already started to receive blades at the site, the company is developing the 18 MW Rokani project near Athens, which is currently under construction. The Iberdrola group began its commitment to renewable energy more than two decades ago as a fundamental pillar on which to build its clean, reliable and competitive business model. Thanks to this vision, the company is today a leader in renewable energies, with more than 39,000 MW of renewable capacity installed worldwide. The company has established itself as a wind energy global benchmark, with more than 15,000 wind turbines in operation worldwide. Iberdrola has just announced a global investment of €17 billion in renewable energy by 2025, 24% of which will be earmarked for European Union countries, excluding Spain. Of the total, more than €4.2 billion will be allocated to onshore wind projects. The group expects to increase its installed renewable capacity by 12,100 MW in the coming years – 3,100 MW of onshore wind – reaching 52,000 MW in 2025. READ MORE
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24/11/2022We seek partnerships to enhance the detection of incidents in our distribution networks Iberdrola is strengthening one of its key business areas: distribution and transmission networks. Through its PERSEO start-up programme, the utility is seeking solutions that enable the early detection of incidents in the installations and equipment of the transformation centres responsible for modifying the voltage so that end users can make use of the energy. The mission is to improve the quality of service by reducing incidents in the supply and in the installations themselves. In its mission to continue advancing in the electrification and decarbonisation of the economies of the countries in which it operates, the electricity company chaired by Ignacio Galán has launched a challenge to improve the operation of its transformation centres. These are key in the process of distributing electricity through the grid, as they are responsible for modifying the voltage so that end users can use the energy in their homes or businesses. Iberdrola has more than 400,000 transformer stations in the United States, Brazil, the United Kingdom and Spain, with more than 1.5 million medium to low voltage distribution transformers, built and operated to provide a high quality and reliable service to some 31 million electricity supply points. The challenge is launched within the framework of the new smart grid innovation centre, the Global Smart Grids Innovation Hub, which Iberdrola has made a global benchmark in smart grids. The aim of this hub is to foster open collaboration and coworking between technicians from the Iberdrola group's electricity distribution company, i-DE, suppliers, start-ups and different organisations from around the world. The networks business is crucial for Iberdrola, which announced at its Capital Markets & ESG Day on 9 November that it will allocate 57% of the total 47 billion euros in planned investments between 2023 and 2025 to this area - around €27 billion. The digitalisation of the grid carried out by Iberdrola provides the centres with new equipment to monitor the conditions of the installation and critical equipment, such as medium-voltage switchgear, the low-voltage switchboard and the digital equipment itself. This information enables preventive maintenance to be carried out, anomalies to be detected, dangerous situations to be avoided and possible breakdowns and incidents to be anticipated. Thus, projects should detect any generic alarm signals in transformer substations, from CO2 levels, temperature, humidity or possible flooding. They may also be based on optical and thermographic cameras. In addition to the sensor system, companies wishing to participate must propose data processing and alarm management. The challenge will also value the incorporation of advanced technologies, such as thermal infrared, Internet of Things (IoT), Artificial Intelligence, among others. The team of experts from Iberdrola's network business will be responsible for selecting the innovative solution or solutions that enable the early identification of incidents at transformer substations. The engine of start-ups in the energy sector This year, Iberdrola celebrates 15 years of innovation in the energy sector through its start-up programme, PERSEO. This has helped the utility to launch innovative solutions to promote renewable energy, decarbonisation and electrification of the economy, digitalisation of grids, promotion of efficient storage and care for the environment. The initiative, with nine companies currently in its portfolio, has created a global ecosystem of start-ups over the years with an investment of 175 million euros. The programme's ecosystem includes more than 7,500 start-ups, including unicorns - companies valued at more than $1 billion - such as electric vehicle charging solutions manufacturer Wallbox and Stem, which offers smart battery storage solutions. Pilot projects give start-ups access to large volumes of data and real energy assets by testing their technologies in a real environment, while at the same time offering investment to start-ups with the highest growth potential. These two formulas provide insight into the market and first-hand access to key technologies. READ MORE
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23/11/2022We became the first company with AENOR’s Sustainable Procurement Strategy certificate Iberdrola is committed to society and, for this reason, has taken a new step forward by obtaining the Sustainable Procurement Strategy certificate awarded by AENOR, based on the ISO 20400:2017 standard, where the company's responsibility to ensure that the life cycle of each product or service has the greatest positive environmental, social and economic impact has been verified. The certificate was presented by Rafael García Meiro, CEO of AENOR, to Asís Canales, Global Procurement and Services Director of the Iberdrola group, at a ceremony held at the energy company's headquarters in Bilbao. Asís Canales, Iberdrola's Global Director of People and Services, stated that "It is the culmination of our strategy of sustainable development of the supply chain. We have been carrying out activities in the area of suppliers for many years, from the point of view of sustainability, and the fact that this new certificate now exists and that we are pioneers in having it, in some way confirms that the path we had taken was the right one". For his part, Rafael García Meiro explains that "at AENOR we have been working on solutions that help companies that aim to make their commitment to sustainability a competitive differentiating factor. We have developed the Sustainable Procurement Strategy certification, because procurement is a powerful instrument for amplifying SDG action in companies, promoting transversal sustainability throughout the value chain. In this line, the audit by AENOR has shown that the sustainable purchasing management system implemented by Iberdrola is in line with current best practices". In fact, AENOR's certification shows that Iberdrola has effectively incorporated a vision of its supply chain focused on sustainability, favoring a 'back and forth' interaction with the company's suppliers and internal stakeholders in a continuous and transparent manner thanks to the digital tools implemented that facilitate the management of purchasing processes, risk management and compliance with the company's governance guidelines. The global scope of this certification, which applies to all of the company's areas of activity anywhere in the world, has meant that by 2021 Iberdrola will have allocated €10.827 billion (82.5 % of the total awarded) to suppliers that exceeded the sustainability levels established by its sustainable procurement management system. Iberdrola also drives sustainability throughout the supply chain, proposing customized improvement plans to those suppliers that are not at the appropriate sustainability levels, for a long-term relationship. In the last 12 months, more than 500 plans have been submitted, and in more than 50% of the cases these suppliers improved to the point of being considered sustainable. The energy company has a supplier evaluation model based on environmental, social and governance (ESG) criteria. Iberdrola thus considers 43 factors to calculate the ESG score of each of its suppliers, including compliance with human rights, management of risks derived from climate change, circular economy strategy or contribution to the United Nations Sustainable Development Goals (SDGs). The Iberdrola group's achievement of this important certification is part of its global commitment to quality, which involves the excellent management of all processes and resources as an essential lever for creating value for people: shareholders, customers, employees, suppliers and other stakeholders of society. Audit The audit conducted by AENOR has assessed the digital tools that guide the purchasing process as the best option for minimising risks for the organization. In addition, the use of BI tools (Power BI, boots, etc.) allows the staff of the purchasing departments to focus on the management of each tender, with an almost live analysis of the data and facilitating decision-making and reporting. In the same way, the organization publishes an annual Sustainability Report where it explains its governance policies with an emphasis on its interactions and impacts with its stakeholders. There is also a Procurement Policy that articulates the company's governance guidelines with respect to spending and the level of legal compliance required of suppliers and internal stakeholders, establishing sustainable supply chain management as a standard. According to the audit, Iberdrola has an internal scorecard that integrates supplier performance in terms of cost, time and supplier risk, and has a robust digital supplier process that affects economic, structural, capacity, responsibility and sustainability aspects. A culture of sustainability and responsible supplier management is promoted within the organization at all levels, including senior management, a Code of Ethics and Conduct for employees and suppliers is public and accessible, and the Terms abd Condicitions of Contract are transparent, public and accessible AENOR's Sustainable Procurement Management certificate, based on the ISO 20400:2017 standard, allows clients to integrate into a certificate an action strategy aligned with Sustainability, to highlight the real execution of ESG commitments to investors or society, to minimize risks throughout the value chain, to involve the entire business structure within the supply chain, and to anticipate the legal provisions that are being developed, such as the Due Diligence Directive, or to respond to the specific requirements that are beginning to be included to qualify for certain subsidies. Iberdrola, commited to the SDGs Iberdrola has fully incorporated the Sustainable Development Goals (SDGs) of the United Nations 2030 Agenda, approved in September 2015, into its strategy. In line with its activity, Iberdrola focuses its efforts on the supply of affordable and non-polluting energy (Goal 7) and on climate action (Goal 13). By obtaining the AENOR Sustainable Procurement certificate, Iberdrola also contributes to the fulfillment of SDG 8 (decent work and economic growth), 12 (responsible production and consumption) and 17 (partnerships to achieve the goals). In addition, the group contributes directly to ensuring clean water and sanitation (goal 6), is the leading private utility in the European Union by volume of investment in R&D&I (goal 9), promotes respect for the life of terrestrial ecosystems (goal 15) and contributes indirectly to the rest of the SDGs. READ MORE
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22/11/2022Eleven Spanish companies, recognised by Iberdrola for their cutting-edge work on climate change Iberdrola today presented its Supplier of the Year Awards in Spain 2022, an award that seeks to highlight Spanish technology and emphasise its leading international position. In this edition, the awards went to a total of 11 companies that stand out for being at the forefront of climate change. With these awards, Iberdrola recognises the fundamental role that each partner plays in achieving the group's strategic projects and underlines the importance of creating an ecosystem of suppliers working towards the same goals. All of the recognised companies share values such as safety, innovation, job creation, internationalisation and sustainability. They also collaborate with Iberdrola in its strategy towards a decarbonised economy, based on its investments in renewables and increasingly smart distribution grids, large-scale storage projects and its commitment to innovative solutions for its customers. In 2021, Iberdrola made purchases related to equipment, materials, works and services for more than €2.4 billion from nearly 4,400 suppliers in Spain. In Spain, 84% of these purchases were made from local suppliers, many of them SMEs, a percentage in line with the group's average worldwide. In 2022, in the first 10 months, this volume invoiced to suppliers in Spain already amounts to nearly €2 billion, figures that reinforce the company's commitment to the development of local suppliers and the creation of indirect jobs. According to the 2023-2025 outlook, investments in Spain will exceed €6 billion in three years. By 2030, Iberdrola's activities will support more than 500,000 jobs worldwide throughout the supply chain. Of this figure, more than 85,000 jobs will be in Spain. The presentation of these awards, held this afternoon at the Iberdrola Tower in Bilbao, was presided over by Mario Ruiz-Tagle, CEO of Iberdrola Spain, accompanied by the Global Director of People and Services and Iberdrola's Institutional Delegate in the Basque Country, Asís Canales. It was also attended by more than 240 guests, including numerous representatives of the supplier companies with which Iberdrola collaborates in Spain. In his speech, Mario Ruiz-Tagle stressed that suppliers are necessary, and are an important player. "Without their work, commitment, dedication and daily performance, we could not continue to be a responsible, sustainable and resilient company", he stressed. He also recalled that the company's investment in Spain will exceed €6 billion in 2025, which will mean a total employment of 85,000 people. The Iberdrola Supplier of the Year Awards 2022 in Spain consist of 11 categories, which recognise companies for their focus on innovation and competitiveness, diversity and equality, occupational risk prevention and quality, sustainability, job creation or their vocation for internationalisation. The Best Supplier of the Year Award went to Ormazabal. The special 2022 Award went to this Basque company, for its extensive experience working with Iberdrola, always responding with the highest level of quality, jointly developing solutions, and flexibility of supply. Ormazabal is more of a partner than a supplier, sharing risks with a continuous quality of communication and is an industry leader in best practices. The award in the Equipment Manufacturer category went to Gonvarri Solar Steel from Asturias. This supplier provides great support in several key projects for Iberdrola showing flexibility, quality of service, reliable equipment and competitive price in the field of renewable energies. The prize for Internationalisation has been awarded to the company Deutsche Windtechnik; a supplier from Aragon that accompanies Iberdrola in the strategy of global wind maintenance models outside Spain and new markets. In the Entrepreneurship and Innovation category, the winner was Beeplanet, the Navarre-based start-up that installs second-life batteries (circular economy) in recharging points. They have developed a scalable product that accelerates the deployment of fast charging points. In the Diversity and Equality category, the La Mancha-based company INAEL was recognised for its commitment to implementing measures to promote diversity and equal opportunities, supporting policies that may benefit groups with special difficulties when manufacturing equipment and materials for Iberdrola's electricity networks. The prize for Digitalisation and new technologies was awarded to the Madrid-based company BLUETAB (IBM group) for its work in Big data, Cloud, Data Management and Data Governance. The technology firm expects to hire 300 professionals over the next three years, according to the company for the new talent HUB in Bizkaia. The award-winning company in the Works and Technical Services section was Lizelan from Guipuzcoa for its decisive service in the elimination of pruning anomalies in the electricity distribution sector, carrying out its work with high quality. In Non-Technical Services, the winner was the Madrid-based company JA Garrigues, Iberdrola's leading law firm in Spain, providing legal advisory services in different areas, aligned with the highest international standards in corporate governance. The Energy Transition award went to Eco Energías del Guadiana de Extremadura, recognised for its environmental management services and co-development contracts for solar PV plants. As a result of this collaboration, Iberdrola has built and put into operation more than 1,900 new solar MW; it has a further 575 MW under construction and 380 MW at an advanced stage of processing. In the category of Sustainability and SDG contribution, Iberdrola has recognised the work of the Galician company Mil SA Trillo Galicia, which after carrying out an ESG improvement plan requested by Iberdrola, has been positioned with more than 90 points/100 in the ESG Sustainability model. In this edition, Iberdrola also awarded a prize for economic recovery and job creation to the Asturian company IDESA (GDA-Windar) for its efficient management and maximum safety with the H2 storage tanks for Iberdrola's hydrogen plant in Puertollano, Ciudad Real. READ MORE
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17/11/2022More than 80% of Iberdrola’s high and medium voltaje grids worldwide will be smart by 2025 As part of its strategy towards energy transition, and with the aim of contributing to the decarbonisation of the economy, Iberdrola is committed to digitalising more than 80% of its transmission and distribution networks by 2025. Grids are the backbone of the new energy model and the way forward for the transition to a green economy, enabling the integration of more renewables, sustainable mobility and electric vehicles, smart cities and self-consumption. Therefore, by 2025, the company will allocate €27 billion to its network business to develop its activity globally. In Spain, in particular, it will allocate 5% of the total, which will amount to €1.35 billion. "The role of electricity grids in connecting and integrating distributed renewable generation, mobility and air conditioning into the system is strategic if we want to achieve the electrification of the economy," said Mario Ruíz-Tagle, CEO of Iberdrola Spain, in his closing speech at the first edition of Innovation Week, held this week at the Global Smart Grids Innovation Hub , the company's global center for smart grids, located in Bilbao. Under the slogan "Building together the grid of the future", and with the aim of sharing the most advanced innovation projects in the field of smart grids, the meeting was attended by Arantxa Tapia, Minister of Economic Promotion and Infrastructures of the Basque Government, and Elena León, Director of the Networks Business of the Iberdrola Group. The event was also attended by all the agents involved in the process of transforming the electricity system, from universities and institutions to companies and young talents. Boosting innovation Investment in R&D&I is essential on the road to transforming grids into a smart, more reliable and secure infrastructure, enabling more economical and responsible consumption. "Innovation and technology, with the use of data and artificial intelligence as a lever to provide value, are the only way to continue advancing along this path," said Ruíz-Tagle. Iberdrola's CEO also highlighted Spain's leading role in the grids of the future. "We are positioned as the engine of the transition, to generate employment and enable this necessary take-off, through innovation and growth," he stressed. In recent years, Iberdrola has invested more than €100 million annually in innovation projects to continue advancing in the digitization of electricity grids. In Spain, this investment will continue to grow by up to 25% over the next five years and will find in the Bilbao Hub one of its centres of activity. In order to achieve this objective, collaboration and alignment of all the agents involve is also necessary, not forgetting the administrations. "To make the grids of the future a reality, we need frameworks to attract the necessary investment with practical and agile mechanisms, and to develop open innovation collaboration models that attract talent," said Iberdrola's CEO. Technology jobs accelerator The energy transition will require a generation of professionals with the highest skills to face the challenges of the future. To promote their preparation, more than 100 students from different universities and young people recently incorporated into the labour market have had the opportunity to participate in a collaborative meeting in which they have addressed the use of data provided by the digitalisation of the grid to offer a better service to customers. Innovation Week also hosted a display of the most cutting-edge technology for grid management, such as the use of drones for remote monitoring of substations and the installation of birdlife protection elements on overhead lines, or the use of virtual reality in the supervision of electrical infrastructures, such as substations, without the need to travel. This type of development aims to reduce risk situations for field professionals and optimize grid maintenance. Collaborative hub on decarbonisation The meeting also brought together the companies collaborating with the Iberdrola group's global smart grid center which, in its first year of operation, has managed to bring together more than 80 national and international companies and entities for the development of solutions for grid digitalisation, renewable energy integration, electric vehicle deployment, big data, efficency and energy storage systems. This technological space has already identified more than 120 R&D&I projects on which some 220 professionals are already working. Iberdrola has set up working groups with the various collaborators, in which the company's technical experts, together with the companies most active in R&D&I, analyse the needs of the business to prioritise the lines of work in the new technologies available. The Global Smart Grids Innovation Hub has thus become a hub for growth and collaboration around decarbonisation and the fundamental role of smart grids in the energy transition. To this end, it combines its technological capacity with that of equipment and service providers, universities and start-ups from all over the world, thus considering the design of the electricity grid of the future. Electric grids will be a key pillar of the Iberdrola group's growth in the coming years, as a fundamental part of the integration of new renewable capacity and the implementation of new distributed solutions and services. The company expects to reach a regulated asset base of €56 billion worldwide by 2025, which represents a 44% growth compared to the €39 billion estimated for this year. READ MORE
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17/11/2022Our corporate development area recognised at the CAPCorp Impulsa 2022 Awards Iberdrola has been recognised at the CAPCorp Impulsa 2022 awards in the category of Spanish companies that have boosted their growth through mergers and acquisitions. The event, held in Madrid, was attended by David Mesonero, Iberdrola's Director of Global Corporate Development. The presentation took place during the 22nd edition of the CAPCorp congress, which brings together 400 professionals from the private equity and mergers and acquisitions sector in Spain for two days. Iberdrola has recently presented its strategic plan for the period 2023 - 2025, which foresees investments of €47 billion to boost the energy transition, employment and net zero emissions. READ MORE
