Press releases
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03/11/2025 - 13:49 UTC +01:00EIB and Iberdrola sign a €500 million green loan for the Windanker offshore wind farm in German Baltic Sea The European Investment Bank (EIB) has signed a €500 million green loan to Iberdrola for the Windanker offshore wind farm, a flagship clean energy project currently under construction in the German Baltic Sea. The financing is guaranteed by the Spanish export credit agency, Cesce. This transaction with Iberdrola marks the inaugural use of a guarantee developed by the EIB and Cesce, to support green projects led by Spanish companies outside Spain, contributing to the European Union's climate action and environmental sustainability objectives. The new project will generate clean energy for thousands of homes, accelerate Europe’s electrification and energy security, driving new employment, economic opportunity, and state-of-the-art renewable energy innovation. Windanker will contribute 315 MW of offshore wind capacity—enough to supply renewable electricity to 600,000 people every year according to Iberdrola estimates. "EIB’s €500 million financing for Windanker helps bring cutting-edge wind power technology to the Baltic Sea for the benefit of German consumers and local economies. The green electricity generated by the project will also take us closer towards securing Europe’s independence from fossil fuel imports,” said EIB Director General of Financing and Advisory Operations within the European Union Jean-Christophe Laloux. "With this loan, Iberdrola not only strengthens its financial structure and diversifies its sources of financing but also consolidates the confidence of leading institutions such as the EIB and Cesce in our ability to deliver. This backing allows us to continue promoting projects such as Windanker, which is key to electrification, in line with our new transformation plan,” said José Sainz Armada Iberdrola's Chief Finance, Control and Corporate Development Officer. Beatriz Reguero, area director for State Accounts at Cesce, said “Cesce is proud to support Spain’s leading companies as they drive the energy transition across Europe. The Windanker offshore wind farm demonstrates how long-term partnerships with public institutions like the European Investment Bank and Cesce can expand the capacity to support and back projects by Spanish companies that promote innovation and sustainable investment in projects that benefit local communities, strengthen economic growth and promote renewable energy for the future.” The project is part of TechEU the EIB Group’s programme to accelerate EU innovation which aims to mobilise €250 billion in investments by 2027 for startups, scale-ups and innovative companies across Europe. Specifically, the project will contribute to the cleantech line of action of TechEU. By increasing the share of clean energy in Germany’s grid, the project directly supports European and national goals to reduce carbon emissions, cut reliance on fossil fuels, and meet ambitious climate targets. Thereby the project is a strong contributor to EIB Group’s climate action objectives set out in the Group’s Strategic Roadmap for 2024-2027 and the Climate Bank Roadmap Phase 2 for 2026-2030 as well as the EIB action plan to support REPowerEU , the programme to increase energy security and speed up the energy transition by reducing the European Union’s dependence on fossil fuel imports. State-of-the-art renewable energy for Germany Windanker sets new standards for offshore wind technology, deploying 21 Siemens Gamesa SG 14-236 DD turbines, each up to 15 MW—among the most advanced and powerful offshore wind turbines globally. These turbines feature a groundbreaking 236-meter rotor and direct drive technology, increasing reliability and operational performance, and enabling over 30% more annual energy production compared to previous models. Innovative engineering and construction techniques are applied throughout the farm to ensure maximum efficiency, safety, and sustainability. The foundations, up to 84 meters long and up to 2,100 tons in weight, are being installed by Van Oord’s Svanen vessel. Construction started earlier this month with the installation of the first monopile. Turbine installation will follow in 2026, with full commissioning expected in the fourth quarter of 2026. Supporting skilled green jobs in a cohesion region Located in Mecklenburg-Vorpommern, an EU Transition Region, the project will deliver a major economic contribution to the region, with around 2,200 person-years of employment generated during construction and up to 160 skilled permanent jobs sustained by ongoing operations. The majority of new roles will emphasize technical “green skills,” fostering long-term local expertise and workforce development while reinforcing industrial cooperation between Germany and Spain. Financing structure and guarantees Windanker is Iberdrola’s third major offshore wind development in the German Baltic Sea and marks a significant step forward for the company’s Baltic Hub strategy. The €500 million financing to Iberdrola is backed by a guarantee from the Spanish export credit agency Cesce, ensuring robust security for stakeholders. Project contribution and sustainability As a major contributor to Europe’s REPowerEU initiative and Germany’s National Energy and Climate Plan, the Windanker project will help accelerate the country’s energy transition, reduce carbon emissions by an estimated 672,000 tons CO2 annually, and support the national target to achieve 80% renewable share in electricity by 2030. The majority of the renewable electricity generated will be traded through long-term power purchase agreements (PPAs) on the German market. Project financed by the European Investment Bank. READ MORE
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03/11/2025 - 12:38 UTC +01:00Iberdrola wins AERCE award for Best Digitalisation Project in Procurement Iberdrola has been recognised by AERCE (Spanish Association of Purchasing, Contracting and Procurement Professionals) with the award for Best Digitalisation Project in Purchasing, a distinction that highlights the company's commitment to innovation and digital transformation in its strategic processes. During the award ceremony, Iberdrola's Director of Purchasing and Global Services, José Ignacio Sánchez-Galán García-Tabernero, highlighted that this recognition "provides impetus and motivation to continue advancing in the digital transformation of the Purchasing Department. This award reflects the collective work of an exceptional team of professionals who have developed an Intelligent Bid Evaluation Platform based on generative artificial intelligence." The new platform, which acts on one of the main parts of the procurement process, automates and optimises the review and evaluation of supplier bids, covering everything from document compliance to an initial technical and economic evaluation, as well as risk management. Thanks to the application of generative AI , the solution eliminates subjectivity, provides certainty and transparency, and reduces the time spent on the purchasing process by the Purchasing and Business teams, increasing efficiency and allowing professionals to increase their capabilities and focus on strategic tasks. Iberdrola, a world leader in renewable energy and smart grids , thus reinforces its commitment to sustainability, digitalisation and operational excellence. The Purchasing Department is a strategic lever for accelerating the energy transition, driving innovation and generating shared value with suppliers and partners. The implementation of technologies such as cloud systems, robotisation, real-time dashboards and, now, generative artificial intelligence, place Iberdrola at the forefront of the digitalisation of purchasing in the energy sector. A more electrified, digital and sustainable future Iberdrola would like to thank AERCE for this recognition, as well as the effort and dedication of suppliers and partners who accompany the company on its path to excellence. ‘Without electrification, there is no digitalisation,’ emphasised the Director of Global Procurement and Services, insisting on the need to continue investing in networks and maintaining nuclear energy. The AERCE Awards, held at the Real Casino de Murcia, are a great showcase for highlighting the innovation, excellence and strategic impact of purchasing professionals and projects in Spain. This year's event takes on special significance as it coincides with the 1,200th anniversary of the region's capital. READ MORE
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31/10/2025 - 14:42 UTC +01:00Iberdrola completes the purchase of its partner PREVI's stake in Neoenergia Iberdrola has completed the acquisition of Caixa de Previdência dos Funcionários do Banco do Brasil ("PREVI")'s stake in Neoenergia , amounting to 30.29% of the capital. Following the transaction, agreed upon in the spirit of full cooperation that has always governed relations between the two companies, Iberdrola now controls approximately 84% of the company's share capital. The price of 32.5 reais per share, agreed on 10 September 2025, represents an outlay of more than €1.92 billion (11.95 billion Brazilian reais). The transaction has received the relevant regulatory approvals, in accordance with the regulations applicable to this type of transaction. Neoenergia supplies electricity to nearly 40 million Brazilians through five distributors (in the states of Bahia, Rio Grande do Norte, Pernambuco, Sao Paulo, Mato Grosso do Sul and Brasilia) and 18 transmission lines, making it the country's leading distribution group in terms of number of customers. Neoenergia has more than 725,000 kilometres of distribution lines and 8,000 kilometres of transmission lines and has 3,800 MW of renewable generation, mainly hydroelectric. With this operation, Iberdrola reaffirms its commitment to Brazil and takes a new step in its growth strategy based on the electricity grid business, in which it has 1.4 million kilometres of lines in the United States, the United Kingdom, Brazil and Spain. READ MORE
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29/10/2025Iberdrola issues €1 billion in the 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 €1B in green hybrid bonds, as reported to the Spanish National Securities Market Commission. Like all the hybrids it issues, the bond is perpetual but has a repurchase option that begins in August 2031. The coupon was 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 high investor interest in Iberdrola, reaching more than €8B, which allowed the company to issue more 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 were presented, 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 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 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, maintaining the company's hybrid volume stable at €8.25B, as committed by the issuer at its recent Capital Markets Day in London. In accordance with the methodology of the main rating agencies, hybrid bonds count as 50% capital 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 €7.15B, including the €5B 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 second edition of the optional dividend system “Iberdrola Retribución Flexible” 2025 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
