Noticias
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25/11/2024 - 17:50 UTC +01:00Iberdrola presents its 2024 Supplier of the Year Awards in Mexico Iberdrola, through its subsidiary in Mexico, Iberdrola México , has recognised a total of eight strategic allies at the fourth edition of its Supplier of the Year Awards, rewarding those who have contributed most to the Group's growth project in the country. With this recognition, our company in Mexico reaffirms its commitment to strengthening Mexican industry and the energy and sustainable development of the states in which it operates. * Digitalisation & Innovation Award: Power Cost Inc Energy Solutions * Health & Safety Award: Christus Mugerza Sistemas Hospitalarios * Sustainability Award: Huella Sustentable * Works and/or Services Projects Award: Motrek * O&M Works & Services Award: Nalco Water * Diversity, Equality & Inclusion Award: Universidad Anáhuac * Energy Transition Award: Asistencia Total en Mantenimiento * 25 Years Award: Amara Nzero Iberdrola Mexico has more than 6,500 registered suppliers, more than 90% of which are Mexican. In 2023, the energy company made purchases worth more than $185 M, 73% from local companies, a percentage that rose to 84% in 2024. Iberdrola Mexico has made purchases of more than $6 B in its 25-year history. You can read the full story in the Iberdrola Mexico Communication Room . READ MORE
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25/11/2024 - 12:54 UTC +01:00Towards Net Zero: Iberdrola and Gres Panaria Portugal sign a solar PPA Iberdrola and Gres Panaria Portugal, the leading Portuguese ceramics company, owner of the Margres, Love Tiles and Gresart brands, signed a Power Purchase Agreement (PPA) to begin in 2025 that will guarantee the supply of photovoltaic solar energy for the next 10 years. It will provide a total of 92 GWh of clean energy during the term of the contract, allowing Gres Panaria to reduce its carbon footprint and advance its commitment to sustainable practices, essential in a sector with a growing environmental responsibility. It will also ensure energy supply stability for the long term. "We are active agents in the decarbonization of industry. It is part of our corporate goals. This PPA with Gres Panaria Portugal reflects our commitment to sustainable development and the promotion of renewable energy, especially in a prominent sector for Portugal such as ceramics,” says Rui Afonso, Managing Director of Iberdrola Clientes Portugal. In addition to the environmental benefits, the PPA allows Gres Panaria Portugal to mitigate the risks and effects of the volatility of the energy markets, ensuring greater stability both in the cost of electricity and in the production and service to customers. Marco Mussini, chairman of the board of directors of Gres Panaria Portugal , says "this agreement goes beyond the energy issue. Sustainability has been a fundamental guideline in the elaboration of the company's strategy. This agreement reinforces our mission to produce sustainably, maintaining the highest quality standards, and at the same time reducing the environmental impact of our operation, through the redesign and optimization of industrial processes and products, of our brands, that are more sustainable and properly integrated into the green economy in Portugal." By using a photovoltaic solar energy source, Gres Panaria Portugal not only strengthens its competitiveness, but also contributes directly to the growth of the green economy in Portugal. The partnership for the supply of renewable energy benefits the company, while supporting national and European climate goals, placing Portugal at the forefront of the energy transition. About Iberdrola Iberdrola is a global leader in renewable energy and one of the largest electricity companies in the world. In Portugal since 2003, it has been increasing its renewable energy production portfolio and offers green energy, solar energy and electric mobility solutions in the business and residential sectors. As one of the main promoters of renewable energy in Portugal, Iberdrola has a diverse ecosystem of Wind Farms, Photovoltaic Farms and the largest renewable energy initiative in Portugal - the Tâmega Electroproduction System (SET). Composed of three Power Plants - Alto Tâmega, Gouvães and Daivões -, SET has an investment of more than 1,600 M€ and a total installed capacity of 1,158 MW, which will avoid the emission of 1.2 million tons of CO2 per year and will facilitate the integration of other renewable energy technologies. In the solar capacity auction held in 2019, Iberdrola was the largest contractor in terms of number of lots with a total of 7 photovoltaic projects, four of which are already in operation: the Alcochete I and II, Conde and Algeruz photovoltaic plants. After avoiding the emission of 26.7 million tonnes of CO2 in 2023, Iberdrola obtained, in 2024, the highest rating ("Green") by the Fitch Sustainable agency - the highest in green transition. About Gres Panaria Gres Panaria Portugal S.A. was established in 2006 when the second industrial unit of Panariagroup in Portugal was acquired. In 2002 Panariagroup acquired the 1st industrial unit in Portugal located in Ílhavo, producing ceramic material for the Maronagres brand, currently called Margres Ceramic Tiles. Subsequently, in 2005, it acquired the second industrial unit, located in Aveiro, producer of ceramic material for the Novagres brand, which in 2008 was renamed Love Ceramic Tiles. In 2023, Gres Panaria Portugal acquired Gresart S.A. as part of its growth and diversification plan. Gresart Cerâmica Industrial, S.A. was founded in 1981 and is headquartered in Oliveira do Bairro. Currently, Gres Panaria Portugal's three industrial units have an installed capacity of 10 million m2/year. Gres Panaria Portugal S.A. employs more than 600 employees in Portugal. In addition to the production and administrative areas, the brands also have their own showrooms in Aveiro, Oliveira do Bairro and Lisbon. READ MORE
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22/11/2024Iberdrola obtains authorisation from the UK regulator for the Eastern Green Link 1 project Iberdrola, through its UK network subsidiary ScottishPower Energy Networks , has obtained approval from the UK regulator for the installation of a submarine cable linking Scotland and England. Eastern Green Link 1 , which ScottishPower will build in consortium with National Grid Electricity, will involve an investment of 3 billion euros and will enable the transmission of enough clean electricity to supply 2 million homes in the United Kingdom. You can read the full story in the ScottishPower Newsroom. READ MORE
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22/11/2024 - 11:10 UTC +01:00Iberdrola invests in start-up RTS to develop innovative materials for offshore wind and energy renovations Iberdrola, through its start-up programme Perseo , has invested in the start-up Revestimientos Técnicos Sostenibles (RTS) to promote its innovative solutions related to manufacturing insulation and anti-corrosion coatings, which have a direct use on offshore wind structures and in the energy renovation of buildings. This investment comes after the utility has spent more than three years collaborating with RTS in the development of solutions based on cork, hollow ceramic microspheres and aerogel, a technological breakthrough to protect wind structures and the transformation rooms of offshore substations. Iberdrola aims to include this material in the construction and maintenance of offshore wind farms , as it improves quality and brings with it significant savings. These products can also be used in building energy renovation projects. RTS is an Andalusian company founded in 2015 that has become a benchmark in thermal insulation manufacturing. The company is currently in the process of developing and approving products applicable to Iberdrola's offshore wind and Smart Clima businesses. The firm based in Utrera, Seville joins the Perseo portfolio, Iberdrola's start-up programme, which has invested more than €200 M in companies since its creation in 2008 that develop innovative technologies and business models, focusing on those that improve the sustainability of the energy industry through greater electrification and decarbonisation of the economy . The programme focuses on technological collaboration with start-ups and emerging companies around the world, as well as on launching new innovative businesses in the power industry. Another step in leadership The entry into RTS is a further step towards consolidating Iberdrola's leadership in renewables. Iberdrola is the world's leading electricity company in terms of wind power capacity, with some 23,000 MW installed worldwide. Onshore wind power accounts for approximately 21,000 MW, 37% of the company's total capacity, and its generation amounted to 33,000 GWh in the first nine months of the year, more than half of its total renewable production, which stood at 63,300 GWh. Offshore wind power is also one of the major growth drivers of Europe's largest electricity company in terms of stock market value, increasing by 47.5% in the last 12 months to almost 2,400 MW of capacity, thanks to its new wind farms in France and Germany. READ MORE
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21/11/2024Iberdrola places €800 million hybrid green bond Iberdrola has placed an €800 million hybrid green bond in the Euromarket today, as reported to the National Securities Market Commission (CNMV). The bond issued is perpetual but has a par call option in August 2030. The coupon has been set at 4.25%, making it Iberdrola’s most competitive hybrid operation in the last 3 years. Demand reached more than €3 billion, 3.75 times oversubscribed, and consists of more than 200 international investors, mainly from Europe and the United Kingdom. Supported by strong demand, the coupon obtained is competitive with a new issuance premium close to zero despite a market environment influenced by geopolitical instability. The demand and the coupon show investors’ confidence in Iberdrola’s financial strength, business outlook and growth ambition. The proceeds will be used to refinance the renewable assets allocated to the 2019 hybrid that is being replaced. The call back will take place soon, thus keeping the company's hybrids stack stable at 8.25 billion euros. The company has taken advantage of the improvement in both interest rates and credit spreads. Iberdrola's flexibility to refinance this transaction has contributed to its success. The hybrid bonds count as 50% capital, in accordance with the methodology of the main rating agencies, so this operation contributes to maintaining the group's credit ratings. The last issuance of this type of debt by Iberdrola dated from January 2023 with a coupon of 4.87%. Nine top-tier international banks have participated in the placement: BNP, Unicredit, JP Morgan, HSBC, Bank of America, Santander, Natixis, SMBC and Commerzbank, which have facilitated access to investors. Investor Confidence Investor confidence in Iberdrola remains strong. The operation today represents Iberdrola’s eighth public operation in the market so far in 2024, which have raised a total of 6.6 billion euros. The other transactions include: * A €700 million hybrid bond was issued in January. * A bond valued at 335 million Swiss francs was issued in June. * A €750 million senior bond was issued in July. * In August Iberdrola placed 525 million dollars (490 million euros) through the US subsidiary. * On September 23, Iberdorla placed 2.15 billion euros in the largest issuance of senior debt in its history. * Just last month the company closed its first green bond in Sterling for 15 years totalling 500 million (595 million euros) with strong support from investors. * Earlier this week Iberdrola issued green debt for 750 million Australian dollars (about 460 million euros). Investor demand exceeded the amount offered by 2.8 times. Iberdrola has carried out four operations in euros this year and is the only European utility to have carried out operations during 2024 in the Swiss (June), British (October) and Australian (November) markets. It also made a private placement in Norwegian kroner in September. READ MORE
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21/11/2024 - 00:00 UTC +01:00Iberdrola recognised in Mexico for its strategy to multiply its social impact Iberdrola, through its company in Mexico, Iberdrola México , has been recognised by the Ibero-American General Secretariat (SEGIB) and the Ibero-American Foundation for Quality Management (Fundibeq) with the Best Practices Award in the SDGs, in the Silver category, for its strategy to successfully develop its social projects in communities and spread its culture of sustainability among suppliers and customers. Iberdrola Mexico has been recognised the most times of any company by Fundibeq, with a total of 8 awards: 3 Ibero-American Quality Awards and 5 Best Practices in SDGs. You can read the full story at Iberdrola Mexico's Communications Room . READ MORE
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20/11/2024 - 19:38 UTC +01:00Spain: EIB and Iberdrola sign €500 million loan financed by Next Generation funds to invest in the expansion of smart electricity grids The European Investment Bank (EIB) and Iberdrola have signed a loan of €500 million within the framework of the Regional Resilience Fund to develop and expand smart electricity grids, facilitating renewable energy integration and industry connection. The Regional Resilience Fund channels financing from Spain's Recovery, Transformation and Resilience Plan within the Next Generation EU to boost environmental and social investments in the Autonomous Communities. The Fund is led by the Ministry of Economy, Trade and Enterprise. The Autonomous Communities and Cities, and the Spanish Federation of Municipalities and Provinces participate in the selection of projects. The EIB is the strategic partner for the management of the Fund. The electricity project financed will improve the efficiency and resilience of the power grid, allow the electricity to be put to new uses – like heat pumps and electric vehicles – and enable more renewable energy sources to be connected to the grid, speeding up the energy transition and its positive impacts in the energy security and autonomy as well as the decarbonisation of the Spanish electricity sector. A €700 million loan had already been approved from EIB's own funds to finance the project. This financing has now been supplemented by an additional €500m loan from the Spanish Recovery Plan channelled by the EIB through the Regional Resilience Fund. This is the first operation with a private entity financed by the Regional Resilience Fund under the direct facility launched by the EIB in June 2024 to co-finance projects in sectors such as renewable energy, clean transport and sustainable infrastructure. The Director General of International Financing of the Spanish Treasury, Inés Carpio, stressed the importance of the Regional Resilience Fund “to continue promoting the modernisation and transformation of the productive sector and the Spanish economy through the Recovery Plan, with a clear focus on energy transition and efficiency.” “We are very pleased to sign the first financing from the Regional Resilience Fund for the expansion and development of Iberdrola's electricity grids in Spain,” said Antonio Lorenzo, Head of the EIB's Corporate Finance Division in Spain. “This is a key project for the development of smart grids that will enable the integration of renewable energies into Spain's electricity system, with an impact on 12 autonomous communities.” The project will also provide a boost for industrialisation, economic growth and job creation in Spain, maintaining 10 000 jobs per year in 12 autonomous communities throughout the implementation period. The financing arrangement underscores the commitment of the EIB and the Spanish Ministry of Economy, Trade and Enterprise to economic, social and territorial cohesion, with over 65% of the total investment going to regions where income per capita is below the EU average. “With this financing Iberdrola will be able to speed up the development of the distribution network in Spain over the coming years, which is so necessary for serving and connecting Spain's industry and businesses. With this new EIB financing we are expanding the development of smart grids, which are essential for facilitating the energy transition, boosting efficiency and improving the distribution network and the quality of supply. We are also contributing to the electrification of the economy and to reduce the country's energy dependence", says José Sainz Armada, Iberdrola's Chief Financial Officer. Background information About the Regional Resilience Fund The Regional Resilience Fund was created to facilitate access to Next Generation EU loans from the Spanish Recovery, Transformation and Resilience Plan for the Autonomous Communities, with the aim of boosting investments and developing projects in eight priority areas: social and affordable housing; urban renewal; transport and sustainable tourism; the energy transition; water and waste management; the care economy; research, development and innovation; and the competitiveness of industry and SMEs. The Fund is led by the Ministry of Economy, Trade and Enterprise. The Autonomous Communities and Cities, and the Spanish Federation of Municipalities and Provinces participate in the selection of projects. The EIB is the strategic partner for the management of the Fund. In June 2024, the EIB and the Spanish Ministry of Economy signed the agreement to launch the Regional Resilience Fund and activate the first phase of available financing totalling up to €3.4 billion, including: * A direct facility to co-finance EIB-supported operations in sectors such as renewable energy, clean transport or sustainable infrastructure * An intermediated facility to be invested by financial intermediaries selected by the EIB, to support urban development and sustainable tourism projects * Two instruments intermediated by the EIF that will facilitate SME financing in areas such as innovation, sustainability and competitiveness. EIB The EIB is the long-term lending institution of the European Union, owned by the Member States. It finances sound investments that further EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality. The EIB Group, consisting of the European Investment Bank and the European Investment Fund, reported total financing signatures in Spain of €11.4 billion in 2023, approximately €6.8 billion of which went to climate action and environmental sustainability projects. The EIB Group signed a total of €88 billion in new financing in 2023. Iberdrola and its commitment to sustainable financing and a carbon-free country Electricity grids are the necessary platform to advance the electrification of the economy. They enable the integration of more renewables, the attraction of industry, sustainable mobility, smart cities and self-consumption. Distribution grids are a key enabler of initiatives and trends that are changing the economy, such as electric mobility, heat pump, self-consumption and smart cities. Iberdrola operates one of the most important electricity distribution systems in the world. The company already has more than 1.3 million kilometres of power lines and more than 4,500 substations in Spain, the United States, the United Kingdom and Brazil, which distribute electricity to more than 100 million people around the world. Iberdrola is continuing to move forward with its sustainability strategy, which is based on electrifying the economy through clean energy, and which focuses on combating climate change and creating wealth and jobs in the regions where it operates. At the end of the third quarter of 2024, the company had green or sustainability-linked financing of more than €57 billion, including over €210,600 millions of green bonds READ MORE
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20/11/2024 - 17:00 UTC +01:00Iberdrola completes the installation of its electricity transmission project in Brazil ahead of schedule Iberdrola, through its company in Brazil, Neoenergia , has successfully completed two years ahead of schedule the Paraíso project for electricity transmission lines in Mato Grosso do Sul, which was awarded at auction in June 2022. This project demonstrates Neoenergia's commitment to sustainable development and the energy transition in Brazil, which requires further integration and reinforcement of electricity transmission. You can read the full story at Neoenergia's Press Room. READ MORE
