Press releases
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20/09/2023Iberdrola presents its alliance with Enlit for the energy transition Iberdrola has entered into a strategic alliance with Enlit, a media and events company at the forefront of the energy transition in Europe. Thanks to this partnership, the exciting city of Bilbao will host the Enlit Europe conference and exhibition in 2025. The event will take place at the Bilbao Exhibition Centre. Before then, the two companies will work together to highlight the challenges and opportunities facing the European energy sector. This alliance will kick off this year in Paris during Enlit Europe, where Elena León Muñoz, General Director of Networks of the Iberdrola Group, and Nicolas Arcauz, Director of Smart Grids of Iberdrola Spain, will be among the high-level speakers. Asís Canales Abaitua, Iberdrola's Director of People and Services, said that the collaboration "aligns perfectly with our mission to promote sustainable energy solutions and contribute to the global energy transition. We are very pleased to bring Enlit Europe to Bilbao in 2025". Paddy Young, Director of Enlit, hailed the partnership with Iberdrola as "a significant milestone that demonstrates the trust and credibility that our brand has garnered in a short period of time". This year's Enlit Europe in Paris will be the third iteration of the event, which next year will travel to Milan before coming to Bilbao in 2025. Enlit also manages three media brands: Power Engineering International, Smart Energy International and Enlit World. For Young, Bilbao "will provide an exceptional setting for this event, and Iberdrola's participation will undoubtedly enhance the experience for exhibitors and visitors alike", adding that the collaboration will leverage Iberdrola's extensive experience and network in the energy sector to reinforce Enlit's commitment to delivering high quality content programmes in sync with the evolving energy market. Traditionally, there has always been a very fruitful public-private partnership in the Basque Country. Regional authorities, including the Basque Government, the Provincial Council of Bizkaia and the Bilbao City Council are collaborating and committed to the success of this comprehensive energy event. Canales added that "Iberdrola is dedicated to clean energy and sustainable grid solutions and is looking forward to joining forces with Enlit to shape the future of energy dialogue and innovation. Iberdrola's Global Smart Grids Innovation Hub, located in Bilbao, has thus established itself as a global centre of innovation and knowledge in smart grids to help address the challenges of the energy transition. The centre acts as a driving force for innovation, combining Iberdrola's technological capacity with that of more than 80 collaborating entities and companies". For more information on this exciting partnership and news on Enlit Europe 2025, visit www.enlit.world and www.iberdrola.com. READ MORE
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19/09/2023Ignacio Galán accompanies Nicolai Tangen, CEO of Norges, on a visit to renewable facilities in Spain Ignacio Galán, Executive Chairman of Iberdrola , accompanied Norges CEO, Nicolai Tangen, on a visit to several Iberdrola facilities in Spain. Among the facilities visited were the largest green hydrogen plant in Europe for the production of emission-free fertilisers in Puertollano (Ciudad Real), the La Muela hydroelectric power plant in Cortes de Pallas (Valencia) and the Carrascosa and Muela El Cubillo wind farms. Norges has been a strategic ally of the company for years. Last May, the two companies closed their alliance to co-invest in 1,265 MW of new renewable capacity in Spain - 20% wind and 80% photovoltaic. READ MORE
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15/09/2023Neoenergia and Government of Rio Grande do Norte sign memorandum for offshore wind power projects Neoenergia , a subsidiary of the Iberdrola Group in Brazil, and the Government of Rio Grande do Norte signed a memorandum of understanding (MoU) on Tuesday to develop studies for the production of offshore wind generation in the coastal region of the state. The agreement also includes mutual cooperation and exchange actions involving socioeconomic, environmental, technical and regulatory aspects. The signing was held during the 14th edition of Brazil Windpower, the largest wind energy event in Latin America, which was held this week in São Paulo. “This is another partnership that is in line with Neoenergia's strategy. We are protagonists of the energy transition in Brazil. We believe that new business opportunities are guided by decarbonization, innovation and the development of new technologies to generate clean, safe and reliable energy,” said Eduardo Capelastegui, CEO of Neoenergia. Capelastegui argued that the first step towards the growth of the offshore wind energy market in Brazil is the definition of a regulatory framework for the new segment. “This is fundamental for the development of the industrial chain with added value and the valuation of the socio-environmental attributes of the source. We also consider that the framework will be important for legal and regulatory certainty and predictability for investors,” he added. The governor of Rio Grande do Norte, Fátima Bezerra, stated that the signing of the memorandum of understanding with Neoenergy is part of a sequence of unfolding conversations and meetings with the company. “It has always been our intention to keep Rio Grande do Norte in the Brazilian leadership in the production of clean energy, and this will happen through mutual interests, such as what the Neoenergia Group has demonstrated through the exchange of information and technical missions involving Neoenergia teams and those of the State Government. Therefore, this memorandum will be very important for us to segment these conversations, especially for the development of offshore projects, in addition to logistical support for port infrastructure,” emphasized Governor Fátima Bezerra. This is already the fourth signing of a memorandum of understanding carried out by Neoenergia for the development of offshore wind projects in the country. The company is conducting studies to assess the feasibility of developing offshore wind projects in the states of Rio de Janeiro, Rio Grande do Sul and Ceará. Neoenergia has a pioneering legacy in the development of wind power generation in Rio Grande do Norte. The company has 11 wind farms in the state: Calango, Mel, Arizona and Rio do Fogo, which started operating in 2006. Through Neoenergia Cosern, the company serves approximately 1.5 million customers in the distribution segment. Currently, Neoenergia has 5.2 GW of installed generation capacity, 90% of which is renewable energy, and is implementing an additional 200 MW with the completion of the onshore wind farms. To find out more about Neoenergia's current affairs, visit the Neoenergia Communication Room . * Neoenergia, S.A. is indirectly owned by Iberdrola, S.A. with a 50% + 1 share. READ MORE
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13/09/2023Avangrid’s Vineyard Wind 1 Begins Wind Turbine Installation Campaign Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced the start of the wind turbine installation campaign for Avangrid’s Vineyard Wind 1 project . The installation campaign follows the successful transportation earlier this week of the first GE Haliade-X Wind Turbine Generator (WTG) from the New Bedford Marine Commerce Terminal to the wind energy development area more than 30 miles off the coast of Cape Cod. “Over the past year, we have achieved significant milestones in the development of Avangrid’s Vineyard Wind 1, but the installation of the project’s first turbine stands as a singular landmark for offshore wind, clean energy, and climate action in the United States,” said Avangrid CEO Pedro Azagra. “We are proud that local union labor will pioneer the installation of the massive GE turbines that will harness the winds off the shores of Massachusetts to power more than 400,000 homes and businesses across the Commonwealth.” * The GE Haliade-X is the largest turbine in the western world, with a nameplate capacity of 13 Megawatts including a power boost mode of 13.6 Megawatts. Each machine can provide power to more than 6,000 homes and businesses. * One rotation of a single turbine, which is twice as tall as the Statue of Liberty from the surface of the water, can power one Massachusetts household for an entire day. * The blades span 351 ft (or 107 meters) each, equivalent to the length of the field at Gillette Stadium in Foxborough, Massachusetts. * The components transported to the project area weigh a total of 1,700 metric tons combined – equivalent to more than eight Boeing 747 airplanes. * The diameter of the rotor is 722 ft (or 220 meters) which is equivalent to the height of the Golden Gate Bridge above the water. * The surface of the blade sweep is equivalent to seven American football fields. The project will consist of 62 wind turbines to generate 806 Megawatts, enough to power more than 400,000 homes and businesses in Massachusetts. Within the portfolio of the Iberdrola Group with over 41,000 Megawatts of renewables in operation, it is part of a collection of global assets including offshore projects in the United Kingdom, Germany, and France. The massive components were transported by two 400-foot barges, the only two in existence capable of transporting in an upright position GE’s massive Haliade-X turbine components. Once installed, the Haliade-X will rise more than 860 ft (or 260 meters) which is equivalent to 3X the height of the Flat Iron Building. GE loaded the U.S.-flagged Marmac from the New Bedford Marine Commerce Terminal with vertically placed tower sections, three 351-foot-long blades and a nacelle pod that houses the generating components. As a part of the Project Labor Agreement for the project, local union labor will be used both on the vessels and onshore at the New Bedford Marine Commerce Terminal. The project estimates that approximately 400 union members have worked on the project to date. An 806-megawatt project located 30miles off the coast of Cape Cod, Vineyard Wind will generate electricity for more than 400,000 homes and businesses in the Commonwealth of Massachusetts, create 3,600 Full Time Equivalent (FTE) job years, save customers $1.4 billion over the first 20 years of operation, and is expected to reduce carbon emissions by more than 1.6 million metric tons per year, the equivalent of taking 325,000 cars off the road annually. READ MORE
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12/09/2023Iberdrola installs all fifty monopiles of the Baltic Eagle offshore wind farm Iberdrola has successfully installed all fifty monopiles for the Baltic Eagle offshore wind farm together with its partner Van Oord. The next step in the ongoing construction phase now involves the installation of the transition pieces. These were manufactured by the Spanish company Windar Renovables and temporarily stored in the port of Mukran. The transition pieces are the connecting element between the monopile and the tower of the wind turbine. The installation of the wind farm's internal cabling by Van Oord is planned for the end of 2023. The construction of Baltic Eagle is proceeding according to plan The monopiles were made by the Rostock-based company EEW SPC. Afterwards, they were transported floating from the port of Rostock to the Baltic Eagle offshore construction field. They were then positioned with the help of Van Oord’s heavy-lift installation vessel Svanen. The monopiles with a diameter of 8.75 to 9 metres and a length of between 75 and 90 metres were then driven into the seabed. They ensure that the wind turbines are securely anchored in the seabed. "With the installation of the monopiles, we have reached another key milestone in the construction of Baltic Eagle," commented Iris Stempfle, Managing Director of Iberdrola Germany's Offshore Division. "Above all, I would like to thank the responsible teams very much for their unremitting efforts. Everyone went the necessary extra mile to be able to successfully complete this intensive project phase." The monopiles were manufactured in Rostock by the company EEW SPC. Above all, direct access to the German Baltic Sea enabled the uncomplicated transport to the wind farm. The international companies involved in the construction of Baltic Eagle have production facilities in five European countries, including Germany, Spain, Denmark, the Netherlands and Belgium. Iberdrola‘s Baltic Hub With a production capacity of 476 MW, Iberdrola's Baltic Eagle offshore wind farm will supply approximately 475,000 households with renewable energy while reducing CO2 emissions by approximately 800,000 tonnes per year. The park is scheduled to be fully operational by the end of 2024. Baltic Eagle is the second of three large-scale projects in Germany. Iberdrola already operates the 350-MW Wikinger wind farm and is developing the 300-MW Windanker project , which will be completed in 2026. Together, these offshore wind farms form Iberdrola's so-called Baltic Hub. It will have a total capacity of more than 1.1 GW in 2026, with combined investment of around 3.7 billion euros. Iberdrola Deutschland’s integrated growth strategy The Baltic Eagle offshore wind farm is an important component in the integrated growth strategy that Iberdrola is pursuing in its German core market. In the area of sustainable energy solutions, the company aims to cooperate with key players in the German economy to support them in achieving their climate targets with market-based solutions. A core element here is the integration of PPAs into a modern electricity supply portfolio and the development of projects in the area of green hydrogen generation and trading. In Germany, Iberdrola has brought all its business activities under the wholly owned subsidiary, Iberdrola Deutschland . The company, headquartered in Berlin, is the largest operator of offshore wind farms in the German Baltic Sea. With its offshore and onshore business divisions, Iberdrola Deutschland is active in the planning, construction and operation of offshore and onshore wind farms as well as photovoltaic projects. The company offers its industrial and commercial customers tailor-made solutions for the supply of green energy, from the classic supply of electricity including portfolio management services, to long-term PPA contracts linked to Iberdrola's own renewable energy facilities, to PV solutions for on-site self-consumption. Iberdrola Deutschland also provides cross-technology integrated solutions, such as battery storage or green hydrogen production for industrial use. READ MORE
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05/09/2023Gisela Pulido sails against the stunning backdrop of East Anglia ONE Iberdrola ambassador and ten-time world champion, Gisela Pulido, has achieved a challenge never before achieved, sailing her kitesurf board against the stunning backdrop of East Anglia ONE. To do so, she travelled to the North Sea (UK) where one of the largest offshore wind farms in Europe is located, East Anglia One, which, with its 102 windmills, covers an area of 300 km2 and produces clean energy for 630,000 British homes. After travelling more than 50 km from the port of Lowestoft, from where the expedition departed, East Anglia One becomes the ideal setting for such a special sailing. Gisela found herself in the open sea, alone with the windmills, her kite, her board, and only one energy, the wind. Iberdrola is the main promoter of women's sport in Spain. It supports 32 national sports federations, gives its name to 32 top-level leagues and 100 other competitions. The drive reaches two out of every three federated women in Spain - a total of more than 600,000 sportswomen - and the number of women's licences in the Federations it supports has grown by 36%. In addition, in Brazil and Scotland it also promotes women's football through its subsidiaries Neoenergia and ScottishPower. Gisela is preparing for her qualification to represent Spain at the Olympic Games in Formula Kite, the speed discipline of kitesurfing, where she will have the next chance to win an Olympic place at the European Championships in Portsmouth, UK. READ MORE
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04/09/2023Neoenergia wins Transparency 2023 Trophy for the third consecutive year Neoenergia has just won the Transparency 2023 Trophy, awarded by the National Association of Finance, Management and Accounting Executives (Anefac). This is the third consecutive year in which the company has received the award. The recognition places Neoenergia among the ten companies with net revenues above R$ 20 billion that have a high quality and transparency of the financial information provided to the market, as well as the consistency of the management report and adherence to accounting principles. “Transparency is at the heart of our strategy to consolidate the company as the largest and most profitable integrated energy company in Brazil. We are very proud of the award, which reinforces our commitment to ethical and transparent principles of governance. We will continue working to guarantee society the values of our management policies, which include, among many aspects, clarity in our financial statements,” says Eduardo Capelastegui, CEO of Neoenergia. The award is a reference for the market and for many companies, it is the pinnacle of their accounting excellence. These are companies that are concerned with accountability to society and understand that participating and winning the Prize is a recognition of the efforts made to achieve this goal. Among the main points evaluated in the financial statements are the consistency of the Management Report with all other information; clarity and inclusion of additional information; integration actions with the community; concern for the environment and sustainability actions; relationship with its stakeholders; management of its corporate governance, policies and committees; among others. READ MORE
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01/09/2023Avangrid Pilots New Technology to Increase Grid Capacity in New York to Accelerate Renewable Energy Adoption ORANGE, Conn. — August 30, 2023 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, has announced a pilot project with LineVision, Inc. to unlock additional capacity on its transmission lines for renewable energy in New York state. The project will deploy advanced monitoring for overhead transmission lines in the Hornell, N.Y. area with the goal of reducing grid congestion by providing real-time data on where additional power can safely flow through the existing transmission infrastructure. This critical data and visibility could aid in linking more renewable energy resources into New York’s electrical grid and supporting the state’s clean energy goals. The amount of energy that electric transmission lines can safely carry is variable. Historically, the lines have been operated using “static” line ratings that tell grid operators a lines’ energy capacity based on conservative and fixed values for assumed weather conditions. However, now with LineVision’s advanced monitoring Avangrid will be able to see real-time data, allowing for more flexibility to safely increase the amount of energy flowing through the transmission lines based on current conditions. The advanced monitoring provides “dynamic” line ratings (DLR), which determine capacity limits of the power lines by combining real-time properties such as sag, temperature and forecasted weather conditions. This results in more informed grid operations and increased carrying capacity of the transmission lines without needing to make any large grid upgrades. As part of the project, LineVision will partner with Avangrid’s electric utility operating company New York State Electric & Gas (NYSEG) to install non-contact LiDAR sensors to monitor overhead transmission lines, accelerating renewable energy adoption and progressing toward the state’s Climate Leadership and Community Protection Act (CLCPA) goals. The sensors will be installed on two of the company’s transmission lines: One runs from Elma (Erie County) to Strykersville (Wyoming County), and the other line runs from Warsaw to Perry (both in Wyoming County). Funding for the project was awarded to Avangrid and LineVision through round two of NYSERDA’s Future Grid Challenge program. The program addresses a recommendation contained in a Department of Public Service order released in January 2022 for the deployment of advanced transmission and distribution technologies for improved transmission utilization while supporting New York’s CLCPA goal to achieve 70% renewable electricity by 2030. Pedro Azagra, CEO of Avangrid said, “Decarbonizing our region and nation will require critical investments in transmission and distribution infrastructure. This pilot project is just one example of how we’re working to modernize the grid and enhance reliability and resiliency across our service areas for our customers. We’re proud to be making strategic and critical investments that will enable New York’s climate goals, help mitigate the impacts of climate change and increase access to renewable energy.” Hudson Gilmer, CEO and co-founder of LineVision said, “We are thrilled to have been chosen to take part in this important project. By multiple accounts, we must double the size of the power grid to have any hope of meeting critical climate goals. Our technology has helped our utility customers identify between 25-40% additional capacity on existing lines which helps accelerate a transition to renewables. We are excited to work with Avangrid and NYSERDA to help optimize New York’s grid.” Patricia Nilsen, president and CEO of NYSEG and RG&E said, “We have been an anchor institution in our communities for more than a century. We know that we have a critical role in building a smarter, more resilient network that will enable us to deliver clean energy to more customers. Investments in innovation like this are very exciting because it will benefit our customers in multiple ways.” The CLCPA calls for an additional 10,000 MW of solar capacity and 9,000 MW of offshore wind capacity. These aggressive goals, as well as the goals set forth by the recently passed Inflation Reduction Act, would likely cause significant congestion on transmission lines. To ensure reliability of the system, reduce cost of congestion, and allow faster integration of renewables, implementation of DLR solution could play a vital role. READ MORE
