Press releases
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24/05/2023We agreed with Holcim on a new strategic partnership to accelerate sustainable building solutions with renewable energy projects Iberdrola, one of the world’s largest renewable energy companies, and Holcim, a global leader in innovative and sustainable building solutions, have signed a major new clean energy power purchase agreement (PPA) in Germany – as well as agreeing to work together on a wide range of further new sustainability initiatives. The newly agreed PPA will see Iberdrola provide Holcim with 250 gigawatt-hours (GWh) of renewable energy per year from its Baltic Eagle offshore windfarm in Germany. The clean energy will help to accelerate Holcim’s net-zero journey in Germany, where it aims to expand the use of renewable energy in its operations to over 80% by 2030. The Baltic Eagle offshore windfarm is currently under construction in the Baltic Sea, north of the island of Rügen, and will have a total capacity of 476 megawatts (MW) when completed in 2024. As part of a wider agreement, the two companies have established a working group to analyse the potential of delivering a broad range of further sustainability-linked projects in Europe and potentially other continents. The proposals being developed include potential additional PPAs to decarbonise operations, as well as analysing suitable locations to develop on-site renewables facilities at operational plants owned by Holcim, from solar PV to green hydrogen. Iberdrola will also help Holcim to analyse projects that could help to increase the electrification of existing industrial processes and boost electric mobility solutions. Ultimately, in the long-term, both companies aspire to deploying 100% emissions free green cement to help construct renewable energy projects around the world. Aitor Moso, Director of Iberdrola's Retail Business, said: “Iberdrola is proud to work with Holcim and support their drive to be at the very forefront of sustainability in buildings solutions. Our agreement will see clean energy from offshore wind supporting Holcim operations immediately, and both companies want to expand our sustainable partnership much further in the weeks, months, and years ahead." “To get to a net zero world, every company and every sector needs to innovate and have a clear and achievable strategy to reduce emissions. Creative partnerships, such as the one we have established with Holcim, will bring together the best ideas from different sectors and help to accelerate the journey to net zero.” Rodrigo Martin Flores, Head of Infrastructure & Key Account Management at Holcim, said: "I am excited to sign this agreement with Iberdrola and join another global sustainability leader in accelerating the construction of sustainable infrastructure for renewable energy. The transition to net-zero requires a deep collaboration across our entire value chain. No organization can do it alone." In recent months, Iberdrola has established several long-term cross-section alliances to promote the decarbonization of the economy: * Recently, Iberdrola and MAPFRE advanced in their strategic alliance to develop onshore renewables in Spain, by incorporating an additional 100MW through a joint venture, which already has a capacity of 450 MW. * At the beginning of the year, Iberdrola and Norges Bank Investment Management signed an alliance to co-invest in 1,265 MW of new renewable capacity in Spain. * Iberdrola and bp also signed a strategic alliance in March to deploy 11,700 fast charging points in Spain and Portugal. READ MORE
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24/05/2023We evolve our brand logo and maintain the values of sustainability and innovation This morning, Iberdrola presented an evolution of its brand identity designed to tangibly reflect the reality of a sustainable, innovative company, a world leader in renewable energy, which evolves with society's needs. This is an evolution based on its current, highly recognisable icon, which will act as a link between all the countries in which the company operates and which will be implemented in an initial digital phase to be gradually adapted to physical formats. The evolution of the identity responds to the need to adapt to an increasingly digital world. Although it aims to maintain the origin, essence and values of the brand - with a logo that is well known among customers and the general public in our country - it will allow a simpler application for all formats and supports. A more sustainable brand The evolution of this identity is designed to create a more sustainable, digital, approachable and modern brand. The commitment to sustainability is one of Iberdrola's hallmarks and has been part of its origin since it was created more than 170 years ago, anticipating society's energy needs and transforming itself to find solutions that preserve the environment for future generations. The change in its identity reinforces Iberdrola's ambition to continue to position itself as a brand that remains a pioneer in its unwavering commitment to the decarbonisation of society and the well-being of all people. With this evolution, the brand demonstrates the company's sustainable DNA and more accurately represents what Iberdrola is: a key player in the electrification of the economy, which seeks to inspire society in the need to care for and give back to the planet what it has given us. And a brand that is always moving forward and going one step further, pursuing increasingly ambitious goals, such as achieving zero emissions by 2030, thus supporting one of the most important SDG. The new version of the logo evolves its previous version to make it easier to apply, generating greater contrast and better visualisation in digital media, resulting in a simpler, more usable and accessible visual language. More modern, in lower case, the logo improves legibility and brings the brand closer. In addition, due to its simplicity, the new logo is 50% lighter, which guarantees lower energy consumption, a faster download speed and, consequently, energy, cost and time savings. The rest of the resources have also been conceptualised to improve the application of the brand and contribute to reducing the carbon footprint , implying lower energy consumption and encouraging more simplified design use and application regulations that help in its implementation, from eco-design, to the choice of materials, waste reduction, energy saving or local production. The colour palette chosen represents Iberdrola's vision of the world and its commitment to the planet, favouring the association of the brand with three key elements of its value proposal: renewable energy, through green; water, with the colour blue; and the sun, through orange. Also relevant is the new typeface family chosen, IberPangea, which is variable, more efficient and legible, designed to work effectively both in the digital and offline world. All of this makes for a more contemporary visual identity, which unequivocally underlines and conveys the spirit of optimism and innovation that characterises the company, but which also maintains the essence of what Iberdrola has always been. The evolution of the brand will be carried out in a sustainable manner and the logo will be replaced based on economic and sustainability criteria, as the brands are designed to be able to coexist in time and space for as long as necessary. READ MORE
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23/05/2023We join forces with the World Bank Group to boost energy transition in emerging countries Iberdrola and the International Finance Corporation (IFC), part of the World Bank Group, are joining forces to foster energy transition in emerging countries. The two institutions today launched a partnership to support clean energy and decarbonisation in a number of developing countries. The agreement is structured in three pillars. First, IFC will provide Iberdrola with a green and sustainability-linked loan of $150 million - approximately €138 million - to finance digitalization and energy efficiency improvements in the electricity distribution networks operated by Iberdrola's subsidiary in Brazil, Neoenergia. This is IFC's second loan to Neoenergia, following the $115 million sustainable loan in 2022. Second, Iberdrola and IFC are exploring another green loan, linked to sustainability indicators, for the development of renewable energy projects in emerging countries such as Poland , Morocco and Vietnam. Thirdly, both institutions are analyzing options for collaboration to support the development of new innovative clean energy projects in emerging countries, such as offshore wind generation and green hydrogen. José Sainz Armada, Iberdrola's Director of Finance, Control and Corporate Development, said: "With this agreement we are making progress in the energy transition, decarbonization and electrification in developing countries, where Iberdrola is already working. It also consolidates IFC as one of Iberdrola's allies in providing financing for its projects in all areas of activity, from photovoltaic and wind farms to green hydrogen and smart grids". Alfonso García Mora, IFC vice president for Europe, Latin America and the Caribbean, said: "We are proud of our collaboration with Iberdrola in emerging markets. The loans we have signed with Neoenergia represent a first step for a broader collaboration that will drive the energy transition in Brazil, Poland, Morocco and Southeast Asia. Iberdrola, as a pioneer in the industry, is a strategic partner for IFC." In these countries, Iberdrola is already making progress on several renewable projects. In Poland, the company is developing a 7,300 MW offshore wind portfolio together with SeaWind. A couple of years ago in Vietnam, Iberdrola acquired Sowitec Vietnam , a company with a 550 MW renewable portfolio under development, spread over six projects: five wind farms and a 50 MW floating photovoltaic project. IFC, commitment to emerging markets IFC, with an AAA credit rating, is the World Bank Group's private sector lending arm in emerging countries. IFC works to help countries improve their own private sectors by investing in companies through loans, equity and guarantees, mobilizing capital from other investors, and advising companies and governments to stimulate private investment. It is currently present in more than 94 countries in Latin America, Africa, Asia, the Middle East and Eastern Europe. Since its founding, the institution has invested more than $285 billion through 2,000 projects. IFC's relationship with Iberdrola dates back to 1998 with financing for Iberdrola's subsidiaries in Bolivia (Electropaz). Subsequently, in 2000, Iberdrola worked with IFC on projects in Brazil (Termopernambuco), and the relationship has continued to this day through several projects. Among these is the latest loan of 550 million Brazilian reais ($115 million) from IFC to Neoenergia last year that combines green financing with a pricing structure linked to sustainability objectives. Iberdrola, a benchmark in green finance Iberdrola is a leader in green finance. The company continues to consolidate its leadership, with more than 48,000 million euros in sustainable operations, of which 17,619 million are in green bonds, making Iberdrola the largest private issuer of this type of debt worldwide. IFC is a global benchmark in green and sustainable financing. IFC issued its first green bond in 2010 and is one of the world's largest issuers of green debt, with 172 green bonds issued in 20 currencies. Since 2020, IFC has invested more than $4.5 billion in green and sustainability-linked lending to infrastructure companies in emerging countries. IFC has chaired the sustainable finance committee of the International Capital Markets Association (ICMA), which is responsible for publishing the official principles for these types of instruments. IFC also participates in the sustainable finance committee of the Loan Market Association (LMA) and the Asia-Pacific Loan Market Association (APLMA). READ MORE
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23/05/2023The Aldeadávila dam, the setting for the tenth Fast & Furious movie The Aldeadávila dam , owned by Iberdrola, has become one of the most coveted film locations in our country, this time being chosen by Universal Pictures for the tenth installment of Fast & Furious, which was released this weekend and, as expected, is a box office hit worldwide. This hydroelectric installation, which continues to amaze by its grandeur and the place where it was built, in a rugged area of granite rocks whose beauty attracts hundreds of visitors every year, has been seen in all its splendour on the big screen after last Friday's premiere of one of Hollywood's most iconic sagas. On its way through the province of Salamanca, with more than half a century behind it, Aldeadávila is 140 metres high by 250 metres wide and is capable of reserving 115 cubic hectometres in an area of 368 hectares, equivalent to almost 97 stadiums such as the Bernabéu. Nestled in the impressive canyon of the lower section of the Duero River in the Arribes del Duero Natural Park, it has also been the setting for other major film productions such as the latest Terminator saga, Doctor Zhivago, winner of five Oscars and as many Golden Globes, and the Spanish film La Cabina [The Telephone Box], by Antonio Mercero. The sequences filmed in this place have had a significant deployment of state-of-the-art technological resources, including drones, helicopters and high-speed cameras for the recording of the most action-packed scenes. In 2016, it also became the protagonist of the campaign that the Japanese company Fujitsu launched under the slogan The world is your workplace /El mundo es tu oficina. It focused its minute-long campaign on highlighting the freedom of working with its new laptop model, showing how four employees jumped from their office to the most striking natural landscapes in Spain, which they were able to access through the machine. From the Douro Waterfalls to global energy leadership Iberdrola's commitment to Castile and León is part of the company's deep ties with this region, where it was founded more than 120 years ago and from where it has been promoting the energy transition towards renewable, clean and competitive energies that promote the development of a sustainable and environmentally and socio-economically responsible society. Iberdrola's commitment to clean energies began precisely with the promotion of the Douro Waterfalls and this commitment, more than a century later, has materialised by becoming a global energy leader, the leading wind power producer and one of the largest electricity companies in the world in terms of stock market capitalisation. In Castile and León, Iberdrola is a leader in the development of these energies, with the management of more than 5,200 MW of renewable energy - 3,500 MW of hydroelectric energy- which consolidates the region as the autonomous community with the most "green" megawatts installed by the company in Spain. One of the most important milestones in Iberdrola's history The mighty Douro River, despite being a means of transport for long periods of time, concealed an unimaginable treasure in the form of energy in its lower section. It was the engineer José Orbegozo who, after studying the river and viewing the entire canyon, realised the enormous possibilities of the international section and the magnitude of the project. This consisted of building powerful waterfalls to take advantage of the fantastic cascade and creating large reservoirs on the rivers Esla and Tormes. These reservoirs would regulate the flow and guarantee the production of the powerful power stations that would be installed downstream, either on the national or international section of the Douro, which, on the border between Spain and Portugal, and along its 160-kilometre course, had a gradient of 400 metres. The creation of the Aldeadávila dam represents one of the most important milestones in Iberdrola's more than century-long history in Spain, a history that is the sum of the efforts of several generations who have known how to take advantage, at all times, of the opportunities of the electricity market, with the ultimate goal of responding to the demands of industrial development and the well-being of society. READ MORE
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19/05/2023We launch a connected energy solution that maximizes energy savings in electrified houses, in collaboration with Deloitte and running on AWS In the energy transition to a lower carbon future, Iberdrola launches the Advanced Smart Assistant, a connected energy solution that allows customers to take an active role in the energy transition. Running on Amazon Web Services (AWS) cloud, with Deloitte as service provider, the digital solution allows customers to reduce smart device energy consumption by 10-30%. Through this solution, Iberdrola’s customers can connect and control the different digital electricity solutions in their homes. The platform is designed to opt for consumption at the most economical hourly rates, adapting to the customer's energy needs, while facilitating electrification and improving the sustainability of the system by seeking the times of greatest renewable production. The automatic Advanced Smart Assistant management has been developed at Iberdrola's Innovation Middle East Centre using AWS artificial intelligence services. The center, launched in 2016, specializes in innovative digital solutions for renewable energy integration, smart grids and energy efficiency and conservation. For instance, with the Advanced Smart Assistant, the electric vehicle charging is designed to be automatically carried out during the hours with the lowest energy costs for the customer or the lowest emissions in the system, while maintaining user comfort. The solution also makes it possible to reduce air conditioning consumption by considering the thermal inertia of the building. In addition, if the customer has solar panels at home, the platform intelligently manages the home's energy consumption by delaying non-urgent energy consumption to the home's peak green production hours, thus improving energy efficiency. The Advanced Smart Assistant offers a simple experience through Iberdrola’s customer app. It also offers advanced information and recommendations, empowering consumers to have an impact on the energy transition and their own energy use. Carlos Pascual López, head of Energy Management Solutions at Iberdrola, said: ""Iberdrola continues to focus on innovative products and services. With the Advanced Smart Assistant, we are making progress in the electrification of energy demand and increasing the energy efficiency of our customers while helping with the integration of renewable generation." Iberdrola and Amazon recently announced a new global collaboration to support the development of large-scale renewable energy projects and leverage cloud computing technology to enhance digitalisation in the energy transition. “Leveraging the cloud and innovative solutions like artificial intelligence, Iberdrola is democratizing data and making it more accessible to its customers,” said Howard Gefen, general manager, Energy & Utilities, AWS. “Iberdrola’s Advanced Smart Assistant delivers the data and intelligence needed to help customers address their energy consumption and reduce costs, and also play an active role in the energy transition.” "We are very proud to participate in Iberdrola’s initiative. It’s a project with a purpose and makes sustainability convenient by automating all the energy operations at home, and making them safe and comfortable. Iberdrola’s solution is sustainable and allows the end consumer to have an active role in the energy transition,” said Alfons Buxo, Global Cloud Leader, Deloitte. Smart Solutions, a strategic business for Iberdrola As customers make progress in the electrification of their household energy needs, such as electric vehicles, aerothermal energy, rooftop solar with storage, etc. they can make decisions on when to use electricity while monitoring and remotely controlling their smart solutions due to their flexible and connected nature. Aware that the best energy for customers and for the planet is that which is not consumed, Iberdrola has launched various initiatives to help its customers reduce their energy costs while maintaining comfort in their homes and has developed various connected energy solutions to achieve greater efficiency in the use of devices. The development of smart solutions is one of the strategic business lines of the Iberdrola group, which through the Smart Solutions brand expects to reach 40 million contracts with customers worldwide by 2025 with services such as rooftop solar, energy storage, heat pumps and electric mobility, in addition to thermal insulation. READ MORE
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18/05/2023We award Windar the transition pieces contract for our East Anglia 3 offshore wind farm in UK Iberdrola has signed an agreement with Windar Renovables to build 95 transition pieces for the East Anglia Three offshore wind farm in UK waters. This is the largest order of this type of foundations to date and production will be carried out mainly at the Asturian company's facilities located in Avilés, in addition to the collaboration of a large number of Spanish suppliers in the manufacture of the secondary structure, which will be integrated at the Port of Avilés, prior to its shipment to the United Kingdom. The manufacture of the 95 pieces will require more than 2,000,000 work hours over 23 months and will generate 400 jobs. Production will begin next June and each of these elements will have a maximum height of 20 metres, a diameter of 8 metres and a weight of 300 tonnes. East Anglia Three, which will be located off the Norfolk coast and will have a capacity of 1,400 megawatts (MW), enough to supply 1.3 million homes with clean energy once it is commissioned in 2026. East Anglia Three will be part of the East Anglia complex , which currently has 714 MW of power already installed, with which it is possible to supply 630,000 British homes, and for which Windar has previously built 42 jackets and 126 pin piles. With this new contract, Windar positions itself as a leader in the manufacture of these offshore substructures and strengthens its relationship with Iberdrola for more than 9 years, adding to the contracts previously awarded for Iberdrola's offshore wind farms in the United Kingdom, Germany, France and the United States. Windar Renovables is also currently involved in the manufacture of this type of product for other large Iberdrola offshore wind farms, such as Baltic Eagle , in German waters (50 transition pieces) and Vineyard Wind I (62 transition pieces) off the coast of Massachusetts, USA. According to the CEO of Windar Renovables, Orlando Alonso, "the contract represents a breakthrough for our group in the offshore wind energy market that consolidates us as a world reference in the provision of services from which Iberdrola will be the first beneficiary". READ MORE
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16/05/2023Neoenergia and UNICEF join forces to support public education networks and strengthen curricula focused on climate change, energy efficiency and waste reuse Neoenergia signed on Friday (12) a partnership with the United Nations Children's Fund (UNICEF ) to support education and environmental actions in public schools in Bahia, Pernambuco, Rio Grande do Norte and the Federal District. The company will donate to the Fund about R$ 4.5 million, through the Energy Efficiency Program, regulated by the National Electric Energy Agency (Aneel). The initiative, focused on learning about climate change, energy efficiency and waste reuse, will promote the training of four thousand teachers and benefit about 120 thousand students, in 500 teaching units of the regions involved. The partnership lasts for three years. Throughout this period, pedagogical materials and continuing education strategies for teachers of Early Childhood Education and Elementary Education will be developed; systematization activities and sharing of good practices. The project focuses on the socio-environmental agenda and is aligned with the National Common Curricular Base (BNCC) for issues related to climate change, energy efficiency and waste reuse. The activities contribute to the achievement of the goals set by Sustainable Development Goal 13 (SDG 13) , on taking urgent action to combat climate change and its impacts. The signing of the partnership was held at Neoenergia's headquarters in Rio de Janeiro. For the company, the CEO Eduardo Capelastegui was present; the Vice President of Regulation, Institutional and Sustainability, Solange Ribeiro; the director of Institutional and Government Relations, João Paulo Neves Baptista Rodrigues; and the Superintendent of Energy Efficiency, Ana Mascarenhas. Youssouf Abdel-Jelil, represented UNICEF in Brazil. "We believe that educational initiatives help raise awareness in society about the importance of efficient energy use and climate change. We are committed to improving people's quality of life while contributing to the sustainable development of the planet. The partnership with UNICEF allows us to reach these young people, raising awareness about this process and creating sustainable alternatives that can be replicated in the communities where they live," said Eduardo Capelastegui, CEO of Neoenergia. "Educating children, adolescents and young people for the 21st century necessarily involves talking about climate change. As a society, we have to rethink school and have concrete curricula and learnings on how to change and preserve the planet for this and the coming decades and generations. That's why we're happy with this partnership," says Mônica Dias Pinto, UNICEF's head of education in Brazil. Partnership The partnership between Neoenergia and UNICEF has existed since 2014 through investments in projects. Between 2014 and 2016, the company donated R$ 1 million to develop actions in the areas of operation of Neoenergia Coelba (BA), Neoenergia Cosern (RN) and Neoenergia Pernambuco (PE). There were 375 municipalities benefited through the formation of 1,767 multipliers of the concepts of sustainable, efficient and safe use of electricity. In 2015, UNICEF held for 50 days the exhibition "Ilumanity: light for every life, light for every life", which was visited by 10,433 people in four Brazilian capitals: Salvador, Recife, Natal and Rio de Janeiro. The three distributors in the Northeast donated R$ 397 thousand reais for the execution of the project. Another exhibition, "Life at Stake," portrayed in 2016 the difficulty of students to get to school in the semi-arid. Neoenergia Coelba and Neoenergia Pernambuco made a joint donation of R$ 284 thousand. Between 2017 and 2022, a total of R$ 7.7 million were collected in the energy bills, which supported projects in 15 municipalities in Pernambuco, involving 385 schools with the training of 3,495 professionals and 70 thousand students benefited, in improving the quality of basic education. READ MORE
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15/05/2023Avangrid strengthens support for energy innovation by extending collaboration with Yale AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today announced a meaningful contribution to Yale University to support innovative research projects focused on advancing the clean energy transition . This collaboration, which began in 2019, supports research into topics such as solar energy , battery storage , electric vehicles , energy policy, clean energy leadership , market development, corporate net-zero commitments, and others related to accelerating the growth of clean energy . “At AVANGRID, we are convinced that innovation is key to developing the solutions that we need to advance the clean energy transition,” said Pedro Azagra, AVANGRID CEO. “Strong collaborations with academic institutions, like the one we have with Yale, allow different sectors to engage in meaningful dialogue and collaborate to build a cleaner, more sustainable world for generations to come.” “I am grateful that AVANGRID and Yale will continue to work together to advance research that addresses the climate crisis,” said Yale University President Peter Salovey. “We will support a range of ongoing sustainability and energy related studies and engage student leaders at Yale who are committed to addressing systemic environmental challenges. Our endeavors stand to accelerate the development and implementation of clean energy solutions.” The collaboration between AVANGRID and Yale has allowed researchers to work on actionable projects with the potential to be implemented. Some of these projects include a data analysis of the company’s customers in Connecticut to study the feasibility of using solar power in AVANGRID’s circuits, the use of blockchain and IoT to track and report climate action commitments, a tailored program on “purpose-driven leadership” for executives at AVANGRID, and a study of network effect benefits from electricity grid connections. Collaborations like this are an example of the company’s constant efforts to build strong relationships with the academic sector that promote research and innovation to allow the development of clean energy projects. READ MORE
