Press releases
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10/07/2023Alliance formed with AEDIVE to electrify heavy goods transport Iberdrola and the Business Association for the Development and Promotion of Electric Mobility (AEDIVE ) have signed an agreement to create an alliance for the electrification of heavy road transport in Spain. The initiative aims to accelerate the decarbonisation of heavy road transport and combat climate change. At the same time, it aims to improve fuel efficiency, limit high fuel consumption, and reduce the cost for logistics operators and the country. Iberdrola and the CEO Alliance for Europe's Recovery, Reform and Resilience (CEO Alliance For Europe ) have identified the need to join forces. This is a common place where all companies in the heavy freight value chain come together, identify bottlenecks and propose solutions to accelerate the electrification of road transport. It is the first alliance that brings together all the sectors involved in the electrification of heavy road transport: manufacturers, charging infrastructure, logistics operators and end customers. The aim is to establish a strategic collaboration between its members and to position the Spanish industry as a driving force in electrification, more specifically in road freight transport. The initiative also aims to develop a roadmap, making it a pioneer in Europe, and to serve as a lever to adapt and accelerate the regulation needed to achieve the decarbonisation targets. The alliance was presented at an event at Iberdrola's offices in Madrid attended by more than 100 representatives of public administrations, sectoral organisations and companies linked to the entire value chain of the heavy goods transport sector. "Driving an electric truck will be cheaper than a diesel truck in about five years. To accelerate this momentum, the EU has recently passed legislation on heavy road transport, which is a huge challenge for hauliers, logistics companies and energy companies. The Alliance that we are presenting today will help us all to jointly seek solutions that will enable the successful electrification of heavy transport in Spain, with benefits for the competitiveness of a key sector in the Spanish economy," said Agustín Delgado, Director of Innovation and Sustainability of the Iberdrola Group. The director general of AEDIVE, Arturo Pérez de Lucia, pointed out that "this alliance, which will be managed in the Iberian market by AEDIVE, seeks to optimise the promotion of the entire industrial, technological and service value chain focused on electric mobility in heavy goods transport and to accelerate progress towards the electrification of a key sector in road mobility". European strategy The alliance is in line with the European Union's fight against climate change and its goal for all member countries to reduce their greenhouse gas emissions by at least 55% by 2030. In the European Union, heavy goods transport represents only 1% of the total vehicle fleet. However, it is responsible for 25% of greenhouse gas emissions and energy consumption in road transport. Aware of the importance of decarbonisation in this sector, the European Union has set requirements for member states and manufacturers through the following regulations: * The Regulation on Alternative Fuels Infrastructure, which sets targets for member states for the installation of charging infrastructure for heavy duty vehicles in the EU in the coming years. * The proposed revision of the CO2 emission standards regulation for trucks which, if accepted, includes a CO2 reduction target of 90% for new trucks in 2040. READ MORE
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06/07/2023First power from Iberdrola’s Saint-Brieuc offshore wind farm in France The first green megawatt hours from offshore renewable energy in Brittany The first green megawatts produced from Iberdrola’s Saint-Brieuc offshore wind farm have been connected into the French national electricity grid by its manager, RTE. The project is Iberdrola’s first in France, and only the second offshore wind project to produce power in the country. After a testing phase, the initial electricity to flow from the wind farm was connected to the grid on July 5th under the supervision of Iberdrola’s maritime coordination center based in Kerantour (Côtes d'Armor). The production of the wind farm will increase as the 62 wind turbines are installed and commissioned in the months ahead. "It is with great pride that we have started producing clean energy from the first wind turbines in the project. This is a landmark moment, following 12 years of hard work to deliver this mega-scale project, which contributes both to the energy security of Brittany and to the energy transition, a key element in the battle against climate change," said Emmanuel Rollin, CEO of Iberdrola France. Renewable and carbon-free electricity produced in the Côtes-d'Armor for Brittany The electricity produced is collected by the offshore electrical substation located in the center of the wind farm. It is transported by two subsea export cables with a voltage of 225 kV installed by RTE (Réseau de Transport d'Électricité) to Caroual beach, in Erquy. Electricity is connected into the grid via the Doberie substation located in Hénansal (Côtes-d'Armor). The Côtes-d'Armor: a positive energy region The project will produce about 1,820 GWh/year, which corresponds to the annual electricity consumption of 835,000 inhabitants (including heating) or 9% of Brittany's total electricity consumption. Once fully commissioned, the territory of Côtes-d'Armor (600 000 inhabitants) will produce more energy than it consumes domestically. The Saint-Brieuc offshore wind farm increases Brittany's energy security, while contributing to the objectives of the Multiannual Energy Program (PPE). READ MORE
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05/07/2023Supplementary dividend of €0.316 gross per share to be paid by Iberdrola Find out the most important dates for the next edition of the 'Iberdrola Retribución Flexible' optional dividend system : 5 July 2023 Communication of the number of free allotment rights needed to receive one share and the amount of the gross Supplementary Dividend per share 6 July 2023 Publication of the announcement of the capital increase. Last day on which shares entitled to participate in the dividend are traded. 7 July 2023 Reference date (ex date) from which -inclusive- the shares are traded without the right to participate in the "Iberdrola Flexible Remuneration" system. Commencement of the common election and trading period for free-of-charge allocation rights. 20 July 2023 End of the common election and trading period for free-of-charge allocation rights. 28 July 2023 Payment of the Supplementary Dividend to those who have opted to receive cash through this Flexible Remuneration Option. 31 July 2023 Expected date of commencement of ordinary trading of the new shares to be issued pursuant to the Capital Increase READ MORE
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05/07/2023€850 million in green bonds issued by Iberdrola with strong investor support READ MORE
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30/06/2023Iberdrola invests in LatemAluminium to boost green industry Iberdrola and LatemAluminium announced that the energy company has become one of the main shareholders of the company, a national and international benchmark in the supply of recycled aluminium alloys. Iberdrola also becomes an energy partner of LatemAluminium with the aim of decarbonising all green aluminium production processes with renewable electricity and green hydrogen. With a 20% stake, it will accompany Latem in a pioneering large-scale aluminium recycling project that will reach an investment of €120 million by 2024 and help create 800 jobs by 2026, 300 of them direct. Iberdrola investment in this initiative, backed by the Regional Government of Castile and León and declared a Priority Industrial Project, reaffirms its commitment to innovation as the driving force behind green industry in Spain. This investment is channelled through Iberdrola's start-up programme, Perseo, which has already allocated more than €125 million to support the best entrepreneurs and industrial businesses worldwide that contribute to accelerating the decarbonisation and electrification of the economy. LatemAluminium's project is based on the circular economy of aluminium and the use of the most modern technologies to produce 30,000 tonnes of rolled aluminium at its factories in Zamora and León. The process ranges from the transformation of scrap into aluminium ingots and liquid aluminium to the transformation into rolled aluminium coils and their subsequent marketing. The new factory occupies a 55,000 square metre building and will use only recycled aluminium. The first operational tests will be carried out in the last quarter of the year, with the aim that the first aluminium coil from the official start-up of the factory will see the light of day in the first quarter of 2024. With this alliance, both companies ratify their rural commitment and their commitment to sustainability. It is clear to them that their investments to promote sustainable projects in a rural environment can be the best ally for a greener world: they create jobs, contribute to the development of other companies and businesses in the area, and encourage repopulation. Towards the decarbonisation of the planet Iberdrola also becomes Latem's energy partner with the aim of decarbonising all green aluminium production processes with renewable electricity and green hydrogen. Both companies are also making progress on an agreement with EXIOM Solar Ibérica to explore the possibility of supplying green recycled aluminium from Latem's Zamora and Leon plants for the frames of the solar panels to be manufactured at the photovoltaic panel production plant that Iberdrola is building Asturias. The aluminium sector is an energy-intensive industry that consumes 1,300 TWh of energy per year and is responsible for 2% of global emissions. Key to its decarbonisation is the growth of recycled/secondary aluminium production such as the one Latem is going to carry out in this pioneering project. Aluminium is 100% and infinitely recyclable and today only 7 out of 10 tonnes in use are recovered, hence the importance of this initiative that promotes recycling and the circular economy as a key element for sustainable development and an opportunity as a driver for climate action and energy transition. READ MORE
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28/06/2023Galán receives José Echegaray award Ignacio Galán, Executive Chairman of Iberdrola , has been awarded the José Echegaray Prize by the business daily elEconomista. In this fifth edition, the newspaper wanted to honour the excellent career and the figure of the Spanish businessman, who has been at the head of the energy group for two decades. Previous winners are the current governor of the Bank of Spain, Pablo Hernández de Cos, the vice-president of the European Central Bank, Luis de Guindos, the chairman of the European Banking Authority, José Manuel Campa, and the former chairman of Telefónica, César Alierta. At the award ceremony, the Executive Chairman of Iberdrola stressed that a "social market economy open to the world is the best way to promote a solid industrial and business fabric in our country to benefit the triangle formed by employees, shareholders and the society we serve. The core of all economic activity is people, and that is why any business project must be based on values such as ethics, honesty, loyalty and team spirit. And also on the search for competitiveness, innovation and efficiency". During his speech, the Executive Chairman wished to highlight the work of the employees who make up Iberdrola. "Thanks to the work of the thousands of men and women who make up Iberdrola, in these more than two decades we have managed to multiply our size sixfold to become today the leading company by weight in the Ibex, the largest electricity company in Europe and the second largest in the world by market capitalisation," said the Executive Chairman. He also highlighted the company's strong investment commitment to society. "In the last 20 years we have generated activity and employment through investments of close to €150 billion. Investments with which we have sought to promote the internationalisation of our economy," he said. The Executive Chairman recalled that the company's international growth has gone hand in hand with hundreds of Spanish companies that have accompanied and grown at the pace of our global expansion. "For me it is a source of pride that the €17 billion that we spent last year on purchases served to maintain 400,000 jobs in our suppliers around the world, almost 90,000 of them in Spain. All this has made Iberdrola a large company in terms of size and global presence, but above all in terms of its commitment to society", said the Executive Chairman. The award ceremony was attended by the president of the CEOE, Antonio Garamendi, who introduced Galán and presented him with a trophy, together with the president of Ecoprensa, Gregorio Peña. READ MORE
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27/06/2023Considered the Spanish company with the best corporate governance by World Finance Iberdrola has been selected for yet another year as the Spanish company with the best corporate governance practices, according to the World Finance publication. World Finance recognizes with this award the continuous updating of the company's Governance and Sustainability System, as well as the maximum transparency in the information communicated to the market. The World Finance Corporate Governance Awards recognise companies with the most diverse governance models that have demonstrated their commitment to transparency and accountability, creating a better society and helping to address the biggest problems in our world today. "This recognition once again highlights the value of our Governance and Sustainability System as a fundamental pillar of Iberdrola's business model. A pioneering system in constant transformation that meets the most demanding international standards and seeks to generate long-term sustainable value for all: employees, shareholders and society as a whole," said Iberdrola's Executive Chairman, Ignacio Galán. Committed to the highest ethical standards Iberdrola's Governance and Sustainability System is inspired by and based on a commitment to ethical principles, transparency and leadership in the application of international best practices, and revolves around three major vectors: environmental, social and corporate governance. In order to enforce the highest ethical standards established in its Governance and Sustainability System, the company has set up a Compliance System that seeks to ensure that it acts in accordance with ethical principles and applicable legislation and to prevent irregular conduct of any kind. As proof of this good practice, Iberdrola has published yet another year its Compliance System Transparency Report , and is also the first Ibex 35 company to undertake a study of this characteristics. This is a further step in the company's commitment to the implementation and ongoing improvement of a robust ethics and compliance system and reaffirms a business model that respects the rights of customers, employees, shareholders and all its stakeholders in general. READ MORE
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27/06/2023Introducing Global Green Employment, the largest platform for guidance, training and green employment This morning, Iberdrola laid the virtual foundation stone of Global Green Employment (GGE) , a major green employability project that represents a new milestone in the company's commitment to a future involved with society, environmentally sustainable and essential in the fight against climate change. It is a digital platform designed to be a meeting point between those who wish to focus their future career in the green employment sector and the business and educational agents that can contribute to making it a reality. Under the umbrella of Iberdrola, those who access GGE will be approaching a truly international catalogue of job and training opportunities available to the applicant. To this end, the company is already closing agreements with universities, specialised schools, vocational training centres, companies, institutions and job offer portals. With GGE, the electricity company aspires to be a benchmark for employment guidance on green jobs, offering a real-time analysis on an updated map of the vacancies in demand in the countries where it is present , detailing the type of job, the skills required for each profile and the number of vacancies available. For Estrella Martín Segurado, Director of Global Talent, Iberdrola wants to be a leader in this labour market "because it has a lot to contribute and has already come a long way, such as the Iberdrola Universities Programme, the various chairs and scholarships we promote, the international graduate programme, our innovation centres or the Re-skilling for Employment programme, and the necessary experience to be able to state categorically that the future is green". In a context of significant unemployment figures in Europe, especially for young people or those whose jobs are disappearing due to the automation of their functions, the major challenges posed by climate change can be transformed into opportunities. It is estimated that by the turn of the decade more than five million jobs will need to be filled in what has been agreed to be called "green jobs". Iberdrola wants to open the doors of this job market to those who need it and help companies to find the best possible talent , becoming the most complete and updated green job exchange worldwide, with the help of its suppliers, but also of other companies and institutions, which will have the possibility of publishing their own offers, redirecting candidates to the channels of their choice. In this regard, the CEO of Iberdrola Spain, Mario Ruiz-Tagle, appealed to the suitability of the moment and of the sector "to build an ecosystem of talent around companies and institutions", convinced that "this platform will soon be a shared success on which Iberdrola will continue to work with passion". READ MORE
