Noticias
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07/05/2024We received the go-ahead for our first offshore wind farm in Australia Iberdrola has obtained preliminary authorization to develop its first offshore wind farm in Australia , Aurora Green, off the coast of Gippsland (Victoria). The facility could generate up to 3,000 MW of clean energy and will involve an investment of more than 6 billion euros. The granting of the license is subject to consultation with Aboriginal people under Australia's Native Title Act. The company has welcomed the opportunity to work in partnership with the so-called First Nations people to ensure that all stakeholders share in the benefits of the clean energy transition in Australia. You can read the full story from Iberdrola Australia . READ MORE
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07/05/2024Iberdrola lights up 16 major theaters in Madrid with green energy Iberdrola is launching the "Teatros Verdes Iberdrola" ("Iberdrola Green Theatres") initiative, a project that will supply green energy to 16 of Madrid's most emblematic theatres, combining its commitment to environmental sustainability and decarbonisation with the promotion of culture. This project offers spectadors, who are increasingly aware of climate change, not only an unbeatable cultural experience, but also the opportunity to enjoy a more sustainable and eco-friendly leisure experience. Furthermore, Iberdrola customers in Spain will be able to benefit from exclusive experiences to enjoy the best plays and musicals. You can read the full story in the Iberdrola España Press Room page. READ MORE
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07/05/2024Iberdrola sets up the Shareholder Information Desks to promote participation in the General Meeting Iberdrola is promoting participation in the General Shareholders' Meeting to be held on 17 May with the opening tomorrow, and until 16 May, both days included, of its Shareholder Information Desks in Bilbao, Madrid, Valencia, Valladolid, and Zaragoza. There they will be assisted personally and will be able to delegate or vote with their ID card without the need to carry their proxy and voting card and they will also receive a commemorative gift. Iberdrola will hold an even more participatory, accessible, close, sustainable, and innovative General Shareholders' Meeting this year, making available to its shareholders multiple channels for remote participation and the possibility of attending telematically, in addition to in-person attendance with reserved seating. In fact, Iberdrola is in the midst of holding the Shareholder Month (shareholder-month.iberdrola.com ), a virtual space that includes thematic rooms to keep shareholders fully informed on Iberdrola’s strategies and activities. For the third consecutive year, the company has proposed an engagement dividend of 0.005 euros gross per share (€1 gross for every 200 shares). If a quorum of at least 70% of the share capital is reached and the General Meeting approves this incentive, Iberdrola will pay this amount to all its shareholders entitled to participate. Iberdrola is the only Ibex 35 company that rewards its shareholders in this way. The Company has also strengthened relations with its investors through OLA Shareholder Club, an exclusive area on the website for all investors in Europe's largest utility and the second largest in the world. OLA was born in 2012 to make shareholders' right to information a tangible reality and has evolved over the years to achieve maximum shareholder engagement. A wide range of services to facilitate participation Iberdrola offers a wide range of services to facilitate the participation of any investor. Thus, shareholders who receive the proxy and remote voting card from the company can enter votojunta.iberdrola.com through a personalised QR code. They can also call the toll-free telephone number +34 900 100 019 and provide the password indicated next to the QR on the card or send an image of the signed card by WhatsApp (to +34 639 000 639), by Telegram (https://t.me/JuntaIberdrolaBot ), or by e-mail (to Junta2024@iberdrola.es ). Another option is to send the signed card by post (P.O. Box 1.113, 48080 Bilbao) or through the depositary entities. Furthermore, the Shareholder Information Desks in Bilbao, Madrid, Valencia, Valladolid and Zaragoza will be open from tomorrow until 16 May. There, shareholders can delegate, vote and collect a gift – a towel bag made of organic cotton of 380 gr. – after participating. In addition, those who participate via the corporate website or the telephone channel can enter a draw for 30 electric bicycles. All shareholders wishing to exercise their proxy or remote voting rights will have to do so through one of the above-mentioned channels until 23:59 on 16 May, the day before the meeting. Shareholders and proxy holders who wish to attend telematically must register between 08:00 and 10:15 a.m. on 17 May (the scheduled date of the Meeting). In order to speed up their registration on the day of the Meeting, they may register in advance through the Participation Portal on the website. Permanent Board In addition to participation in the General Meeting, the Company promotes permanent information and continuous involvement of shareholders throughout the year. This is thanks to initiatives such as the contact channels of the Shareholders' Office, the interactive application OLA Shareholders' Club and Shareholders' Month, among others. READ MORE
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30/04/2024Iberdrola Deutschland seals PPA with Salzgitter Flachstahl GmbH: Iberdrola's second solar park in Germany will supply more than 900 GWh of green electricity Iberdrola Deutschland and Salzgitter Flachstahl GmbH have concluded a further power purchase agreement (PPA) for 15 years. From 2025, Iberdrola Deutschland will supply Salzgitter Flachstahl GmbH with around 60 gigawatt hours (GWh) of green electricity per year. The solar power will come from Iberdrola's second large-scale PV plant in Germany, which will be built in Saxony-Anhalt. Iberdrola Deutschland is thus further expanding its presence in the German onshore business sector. Iberdrola's second solar park in Germany The new PV project, which is to be built in Saxony-Anhalt, is already at an advanced stage of development with an expected commissioning date in 2025 and an expected installed capacity of 60 megawatts peak (MWp). Expansion of partnership with Salzgitter through newly signed PPA Salzgitter and Iberdrola are strengthening their partnership with the new PPA by a further 900 GWh of green electricity. Iberdrola is hereby expanding Salzgitter's supply of renewable energies beyond the 6,500 GWh that will be supplied from the Baltic Eagle offshore wind farm in future. The aim is to ensure the supply of electricity at competitive and stable prices for large commercial customers who are committed to an environmentally friendly and sustainable energy supply. “The expansion of our cooperation with Iberdrola is another important component of our energy strategy. With their support, we can secure the demand for electricity generated from renewable sources for Salzgitter AG and in particular for our SALCOS® transformation program. True to our mission 'Partnering for Transformation',” says Ulrich Grethe, CEO of Salzgitter Flachstahl. “Establishing sustainable production and process chains is becoming increasingly important for us and our supplier and customer industries. By concluding this new power purchase agreement, we are taking a major step towards climate-neutral production.” “We are delighted about the cooperation with Salzgitter Flachstahl GmbH. The long-term power purchase agreement (PPA) underlines our commitment to promoting renewable energies and accelerating the energy transition,” emphasizes Felipe Montero, CEO of Iberdrola Deutschland. “By entering into strong partnerships with industry leaders such as Salzgitter Flachstahl GmbH, we are taking another important step in our integrated growth strategy, particularly in the onshore business. Through long-term PPAs, we want to realize projects that actively contribute to the green transformation of German industry. At the same time, we are also supporting other key players with market-based solutions to help them achieve their climate targets.” Strong partnerships for a sustainable transformation of the industry Iberdrola Deutschland supports companies such as Salzgitter Flachstahl GmbH in their sustainable transformation. Iberdrola is a global leader in supporting the industry’s decarbonization. As a pioneer in providing renewable energy solutions to industrial partners, Iberdrola was recently recognized by Pexapark as the leading European energy supplier, both in terms of the number of deals and the volume of energy sold through long-term contracts (PPAs) with industrial customers in Europe: almost 1,000 MW have been signed in 2023. The Salzgitter Group and its subsidiaries are already partnered with the energy industry and the generation of renewable energy. Ilsenburger Grobblech GmbH (ILG), for example, has been a full-range supplier of heavy plate for the onshore wind energy sector since 1996 and has been increasingly supplying the offshore market since 2010. The Group's other products for wind turbines include HFI longitudinally welded steel tubes, precision steel tubes for the nacelle and large-diameter tubes for the substructures of offshore wind farms. Energy partnerships with leading German companies such as the Salzgitter Group are a central component of Iberdrola's integrated growth strategy in the important German core market. With strong collaborations and long-term power purchase agreements (PPAs), Iberdrola Deutschland is contributing to the green transformation of German industry and supporting the market launch of green hydrogen, among other things. In this area, the company is seeking to collaborate with other key players in the German economy to support them in achieving their climate targets with market-based solutions such as PPAs. This also includes PV solutions and cross-technology integrated solutions such as battery storage. Iberdrola Deutschland is the largest operator of offshore wind farms in the German Baltic Sea and is engaged in the planning, construction and operation of onshore wind farms and photovoltaic projects. In addition to the Wikinger offshore wind farm, which was connected to the grid in the German Baltic Sea in 2017, two further wind farms, Baltic Eagle and Windanker, will be commissioned in the coming years. READ MORE
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30/04/2024Iberdrola strengthens relations with its shareholders through OLA Club Shareholders are at the heart of Iberdrola, and the company is strengthening its relationship with them through OLA Shareholder Club . This is an exclusive area on the website for all investors in Europe's largest utility and the second largest in the world. The aim is to be in contact with the company 24 hours a day, 7 days a week, 365 days a year, and not wait until the day of the General Meeting. Thus, any questions or queries raised through the website – confidentially or openly before other shareholders – will be answered within a maximum of two working days. They also have a telephone number 900 10 00 19. Shareholders do not need to wait until the General Shareholders' Meeting – the 2024 AGM will be held on 17 May – where they will be able to grant a proxy or cast an absentee vote, check their participation and watch the event live or recorded. They will also be informed of the quarterly performance and strategy, as well as the main financial events and company news. By registering with this club, which was launched 12 years ago, shareholders can participate in leisure activities, events, draws, and other initiatives. In addition, Iberdrola provides them with regular information about the company's results, share price, significant corporate events, shareholder remuneration, as well as any other significant information about the Group. OLA was born in 2012 with the aim of making shareholders' right to information a tangible reality and has evolved over the years to achieve maximum shareholder engagement. Increasing engagement Shareholders play such a key role that in 2015 the Board of Directors approved a shareholder engagement policy, with a special focus on small investors. The strategy that Iberdrola has been promoting each financial year was drawn up, and led to the creation of the first Iberdrola Shareholders' Club in 2007, and, years later, in 2012, to the launch of OLA (On Line Shareholders). The latest novelty is the Accionistas NEWS Iberdrola section, which includes the most important Iberdrola content exclusively for members of the club, the most important content on its activities and how it carries them out. The section is divided into four categories: news, finance, energy industry, and social commitment and sustainability. Shareholders will know in real time and receive key documents, such as the integrated report, annual reports, quarterly bulletins, and notifications sent to the CNMV . They can also access information through a specific mobile application for investors and shareholders: Iberdrola Relación con Inversores. The electricity company was the first Ibex company to have an app of this type. Growing dividend Iberdrola was one of the first listed companies to offer its investors a shareholders' club with the aim of rewarding with exclusive advantages all those who have shown their support and trust in the company's trajectory. Over the years, this initiative has been consolidated as a good practice by the rest of the large listed companies on the Spanish Stock Market. Iberdrola is fully committed to its shareholders and therefore the dividend is a key element. The company has increased remuneration by more than 300% from €0.136 per share since 2000 to the €0.55 planned for this year, excluding the engagement dividend. The positive performance of the company on the stock exchange has added to the remuneration. In fact, a shareholder who bought shares in 2000 and has held them until now, reinvesting the dividend, has obtained a return of around 900%. READ MORE
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29/04/2024Iberdrola sells its wind power assets in Romania for €88 million Iberdrola is progressing with its plan to divest non-core assets, reaching an agreement with Premier Energy Group to sell its renewables assets in Romania for €88 million. Premier Energy Group, through its Romanian subsidiary, Premier Renewable Invest Co SRL, has acquired 100% of the ‘Eolica Dobrogea One’ wind energy company, previously owned by Iberdrola. The 80 MW capacity of wind power now sold means that Iberdrola will no longer have any assets in Romania. The sale is subject to standard regulatory approvals for this type of transaction in Romania. Asset Rotation Plan This divestment is part of the Strategic Plan presented on March 21st by Iberdrola London, where the company set an asset rotation target of €12.2 billion in the 2024-2026 period. In recent months, Iberdrola has closed several long-term alliances to promote the decarbonisation of the economy, including: * A major 1,265MW co-investment alliance with Norges Bank Investment Management was expanded in January by nearly 700 MW, to deliver new renewables assets in Spain and Portugal. * n December, Iberdrola closed an agreement with Masdar to co-invest €15 billion in offshore wind and green hydrogen in Germany, the United Kingdom and the US, following the successful investment agreement announced in July to co-invest in the Baltic Eagle offshore wind farm . * Last September, Iberdrola partnered with GIC for the expansion of transmission networks in Brazil for 430 million euros. * The company has sold more than 8,400 MW of gas-fired combined cycle plants in Mexico for $6.2 billion . * Iberdrola and BP also signed a strategic alliance in March to deploy 11,700 fast charging points in Spain and Portugal, and launched their joint venture on 1 December * Iberdrola and MAPFRE have continued to advance their strategic alliance by incorporating 150 new MW through a joint venture, which already has 450 MW. * In addition, a few months ago Iberdrola signed an alliance with Energy Infrastructure Partners to co-invest in the Wikinger offshore wind farm and boost its offshore wind portfolio. READ MORE
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26/04/2024Iberdrola Among the Most Diverse Companies in the US according to Forbes Avangrid, Iberdrola's subsidiary in the United States , has been included in Forbes' list of "America's Best Employers for Diversity 2024" for its commitment to best practices in diversity, equity and inclusion . This annual list surveys and evaluates companies' best diversity, equity and inclusion practices and conducts anonymous employee surveys. You can read the full story on the Avangrid Press Room page. READ MORE
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25/04/2024Iberdrola and Norges Bank Investment Management conclude negotiations to expand alliance to 2,500 MW of renewables in Iberia Iberdrola and Norway's sovereign wealth fund, managed by Norges Bank Investment Management, have concluded negotiations to add an extra 644 MW of renewable energy in Spain to their Iberian clean energy alliance, with approximately 2,500 MW now under development. In January, both companies stated that they were negotiating exclusively to double the size of their previously announced partnership of nearly 1,300MW. A total of 674 MW was added initially, with the extra 644 MW now fully agreed. These additional projects will all be solar PV in Spain, located in Extremadura (328 MW, already in operation) and Castilla y León (316 MW). Both projects have PPA agreements in place for part of their production. Both companies are increasing their commitment to accelerate decarbonisation in the Iberian Peninsula, and the alliance could be expanded in the future to other countries. Iberdrola will have a majority stake of 51% in the assets. This renewable portfolio will have the capacity to supply energy to more than 400,000 homes each year, which will mean more than 350,000 tons of CO2 avoided per year. The perfect partner to co-invest Norges Bank Investment Management, which manages Norway's sovereign wealth fund, has assets under management of around €1.4 trillion and stakes in more than 9,000 companies. It owns on average 1.4% of all listed companies in the world and 2.5% of all listed companies in Europe. As one of Iberdrola's main shareholders, Norges Bank Investment Management has retained a stake of 3% for more than seven years. This long-term relationship helped Norges Bank Investment Management take the decision to make its first direct investment in renewable assets in Spain with Iberdrola, the largest European electricity company by capitalisation. The strong alliance, between two preferred partners, could be extended in the future to include additional renewable energy opportunities in more countries. Partnerships for growth In recent months, Iberdrola has closed several long-term alliances to promote the decarbonisation of the economy: * The alliance with Norges Bank Investment Management was initially expanded last January by nearly 700 MW, with the inclusion of assets in Portugal. * In December, Iberdrola closed an agreement with Masdar to co-invest €15 billion in offshore wind and green hydrogen in Germany, the United Kingdom and the US, following the successful investment agreement announced in July to co-invest in the Baltic Eagle offshore wind farm . * Last September, Iberdrola partnered with GIC for the expansion of transmission networks in Brazil for 430 million euros. * The company has sold more than 8,400 MW of gas-fired combined cycle plants in Mexico for $6.2 billion . * Iberdrola and BP also signed a strategic alliance in March to deploy 11,700 fast charging points in Spain and Portugal, and launched their joint venture on 1 December * Iberdrola and MAPFRE have continued to advance their strategic alliance by incorporating 150 new MW through a joint venture, which already has 450 MW. * In addition, a few months ago Iberdrola signed an alliance with Energy Infrastructure Partners to co-invest in the Wikinger offshore wind farm and boost its offshore wind portfolio. READ MORE
