Noticias
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16/10/2024 - 09:00 UTC +02:00Iberdrola, among the Top 10 companies with the greatest global impact according to the technology firm RGS Iberdrola has been chosen as one of the 10 most impactful companies in the world by Richmond Global Sciences (RGS), a global technology firm that enables investors and companies to integrate an impact perspective into their decision making. RGS determined this through its new platform that offers impact data based on artificial intelligence and portfolio analysis on environmental, social and financial aspects. The electricity company chaired by Ignacio Galán has been chosen as one of the most outstanding listed companies in the world in terms of its environmental, labour and customer impact. RGS has partnered with the International Foundation For Valuing Impacts (IFVI), an independent non-profit organisation that is developing and expanding the practice of impact accounting. The mission is to analyse the unquantified costs and benefits that companies have on the environment and society. Iberdrola is a global bellwether and is on the main international sustainability indices , which include, in addition to those mentioned above, Moody's ESG, MSCI, Sustainalytics, ISS-ESG, Bloomberg GEI, EcoVadis, and FTSE4Good, among many others. Iberdrola aims to achieve emissions neutrality in its generation, electricity distribution and own consumption plants by 2030 (scopes 1 and 2) and to achieve net zero emissions in all its activities by 2040. Iberdrola has been included for yet another year in one of the most prestigious indices on climate change in the world, CDP Climate Change , with the maximum score. Iberdrola is one of a small number of companies that earned an "A" rating out of more than 23,000 companies analysed. For its part, the Fitch Sustainable rating agency gave Iberdrola a 'Green' rating, the highest in green transition. According to the agency's assessment, the company has a credible transition plan and has already oriented a large part of its business model towards "greener" activities. Leading in sustainability Iberdrola has incorporated the Sustainable Development Goals (SDGs), defined by the United Nations for the 2030 horizon, into its business strategy and sustainability policy, and is a role model for its direct contribution to the global goals, especially its contributions in the field of energy and climate change. The company focuses its efforts on the provision of affordable and clean energy (goal 7) and climate action (goal 13), while contributing directly to ensuring clean water and sanitation (goal 6), has increased its investment in R&D&I activities (goal 9), promotes respect for the life of land ecosystems (goal 15) and works to build partnerships to achieve the goals (goal 17). READ MORE
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16/10/2024 - 08:04 UTC +02:00Iberdrola and Masdar complete wind turbine installation at Baltic Eagle offshore wind farm Turbine installation has been successfully completed at the 476 MW Baltic Eagle offshore wind farm , a joint venture between Iberdrola, a world leading clean energy company, and Abu Dhabi Future Energy Company – Masdar, the UAE’S clean energy powerhouse. When fully operational, Baltic Eagle will supply around 475,000 households with renewable energy while reducing carbon dioxide emissions by about 800,000 tons per year. The 50 installed wind turbines, each with a unit capacity of 9.53 MW, were supplied by Vestas and installed by the shipping company Fred Olsen Windcarrier. Baltic Eagle is the second of Iberdrola's three major wind farm projects in Germany, along with Wikinger (350 MW, in operation) and Windanker (315 MW, in planning). Collectively, these offshore wind farms form Iberdrola's Baltic Hub. Baltic Eagle is Masdar’s first project with Iberdrola, its first in Germany and resulted in the company’s largest ever euro-denominated financing. “The completion of turbine installation at the Baltic Eagle wind farm is an important milestone in what is a record year for Iberdrola’s offshore wind activity . With this project, Iberdrola is on track to have nearly 5,000 MW of offshore capacity globally by the end of 2026.” said Ignacio Galán , Iberdrola’s Executive Chairman. “Once fully operational, Baltic Eagle, the second offshore wind farm in our Baltic Hub, will make a considerable contribution to Germany’s energy transition, providing homegrown clean energy to almost half a million homes, whilst reducing emissions. “This landmark milestone has been reached thanks to the strong partnership forged with Masdar, who share our vision of harnessing offshore wind energy to accelerate green energy security in Europe. It has also been made possible by the expertise and tireless com-mitment of the teams on site.” HE Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar, and COP28 President, said: “The installation of the fiftieth and final turbine of the Baltic Eagle offshore windfarm marks an exciting milestone. With the project progressing according to schedule, Baltic Eagle is set to power 475,000 German households with clean, renewable energy. This achievement also strengthens Masdar's partnership with Iberdrola, driving significant expansion in our offshore wind portfolio and advancing the global energy transition. Our collaboration, underscored by the €15 billion agreement signed at COP28 in the UAE, reaffirms our joint commitment to helping to triple global renewable energy capacity by 2030." Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi said: “Today’s announcement is an important landmark in the progress of Baltic Eagle, the project which launched our partnership with Iberdrola in July last year and brought together two companies with long histories of pioneering clean energy. Offshore wind is a vital technology for the energy transition and Masdar looks forward to a long and fruitful relationship with Iberdrola that will deliver more transformative utility-scale projects, supporting the journey to net-zero in Europe and beyond." By 2026, Iberdrola’s Baltic Hub will have a total capacity of more than 1.1 GW and trigger investments of around €3.7 billion. The Baltic Eagle offshore wind farm is an important building block in the integrated growth strategy that Iberdrola is pursuing in the core German market. In the field of sustainable energy solutions, the company strives to work with key players in the German economy to support them in achieving their climate goals with market-based solutions. A key element of this is Iberdrola's strategic partnership with Masdar. Masdar and Iberdrola signed a partnership to jointly invest in Baltic Eagle in July 2023. At COP28, the two compa-nies announced a further €15 billion agreement to explore the joint development of off-shore wind and green hydrogen projects in key markets such as Germany, the UK, and the US. Masdar has a long-standing commitment to advancing offshore wind projects across the globe. It is aiming for a renewable energy portfolio capacity of 100GW by 2030, supporting the target set in the historic UAE Consensus to triple global renewables capacity by the end of this decade. READ MORE
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15/10/2024 - 11:49 UTC +02:00Iberdrola invests in innovation with students in Mexico Iberdrola, a través de su filial en México, Iberdrola México , y la Escuela de Ingenierías y Ciencias del Tecnológico de Monterrey organizaron un hackathon, en el que participaron más de 150 estudiantes con la misión de encontrar soluciones innovadoras para facilitar la adopción masiva de vehículos eléctricos en las ciudades, promover el acceso a energía renovable en comunidades vulnerables e impulsar la producción, almacenamiento y distribución de hidrógeno verde. Tras dos días de intenso trabajo y con la asesoría de mentores de Iberdrola México y docentes del campus Monterrey, los equipos presentaron 22 proyectos enfocados en los tres retos principales. El hackathon tuvo como objetivo incentivar el interés de los estudiantes en las energías renovables mediante retos específicos que incorporan tres componentes: innovación, compromiso social y soluciones energéticas sostenibles, proporcionando herramientas para fortalecer su formación. Puedes leer la noticia completa en la Sala de Comunicación de Iberdrola México . READ MORE
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14/10/2024Galán confirms Iberdrola's commitment to the UK at the International Investment Summit with Starmer Iberdrola is consolidating its position as a top company in the United Kingdom , and its Executive Chairman Ignacio Galán met with the country's Prime Minister, Keir Starmer, and other members of the government at the new British government's first international investment summit to present the new roadmap for the electricity company in the country. During his private meeting with Starmer, Galán personally restated the electricity company's new roadmap in the country, a plan that envisages doubling the investment forecast to more than 28,000 million euros by 2028. Ignacio Galán was the only representative of a large Spanish company at the summit, which was attended by the c-suites of a dozen multinational giants from around the world. Galán has been in contact with several authorities in the UK executive and explained his decision to continue investing in the country after it has already become Iberdrola's top investment destination until 2026. UK Prime Minister Keir Starmer said, "People will reap the benefits of Iberdrola's investment in our country's green energy sector. Iberdrola's choice of the UK as its top investment destination is a major boost to our economy and a clear vote of confidence in the ambitious mission to drive clean energy and growth”. Galán explained that the company's decision "is an expression of our confidence in the UK's clear and stable policies" and added that "the benefits of electrification in terms of energy security, industrial development, jobs and decarbonisation are ambitions shared by the UK and Iberdrola". The update of the plan is driven by the UK's significant growth prospects for energy demand and its energy policies aimed at promoting net zero emissions and boosting electrification. Destination of investments Two-thirds of the investment planned by the company chaired by Ignacio Galán will go to distribution and transmission grids. The investment requirement in the latter will increase due to the improvements required in the country under the 2026–2031 regulatory framework, known as RIIO-T3, which will be approved next year. Investments will include, for example, the new Eastern Green Link 1 underwater interconnection. Iberdrola is in the final stages of completing the integration of the Electricity North West (ENW) energy distribution company, whose acquisition for 5,000 million euros was signed at the beginning of August. This company distributes electricity in the northwest of England and will continue to invest to maximise security of supply, to connect more renewable energies and to promote the country’s electrification. Iberdrola will also start up the East Anglia 3 offshore wind farm, which is currently under construction, and the recently awarded East Anglia 2, which will require an investment of around 4 billion pounds (around 4.8 billion euros). This latter project will provide enough green energy to power the equivalent of around one million homes. The company also continues to invest in new onshore wind, solar PV and battery projects. In the last three months alone, the company has announced new investments of 8 billion pounds (close to 10 billion euros): the East Anglia 2 offshore wind farm and ENW. This amount is in addition to the more than 36 billion euros (30 billion pounds) that the company has invested in the country since the purchase of ScottishPower, the subsidiary with which it operates there. READ MORE
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14/10/2024Neoenergia’s School of Electricians visited by Spain's Minister for Equality The School of Electricians at Neoenergia , Iberdrola’s Brazilian subsidiary, was visited in Brasilia by the Spanish Minister for Equality, Ana Redondo, to learn first-hand about the women's training project. The project is recognised by the UN as a global example of female empowerment. The diplomatic visit took place last Thursday, a month after Neoenergia celebrated the milestone of having trained a thousand women at its School of Electricians. The distributor's initiative gained international recognition by being singled out as a global example of one of the Women's Empowerment Principles by ‘WeEmpower’, a UN Women programme together with the International Labour Organisation (ILO) and the European Union. READ MORE
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11/10/2024 - 18:32 UTC +02:00Electricity distributed by Iberdrola reaches all-time highs Iberdrola's distributed electricity has reached an all-time high, registering 177,943 GWh in the first nine months, an increase of 2.5% compared to the same period last year. The good performance in electricity distribution was driven by the recovery of electricity demand in all the markets where the company is present. To respond to this increase in demand, in the first nine months Iberdrola has once again set a new record for renewable generation, reaching 63,300 GWh, an increase of 7.4% compared to the same period last year. Offshore wind leads the growth, with an increase of 18%. This new all-time record, which adds to those obtained in the first two quarters of the year, comes thanks to the investments made to continue accelerating the deployment of renewable energy and the increased production and management of clean energy, especially manageable technologies such as pumped storage hydro. The company has installed more than 2,800 MW of renewable energy in the last twelve months, which represents an increase of 7% compared to the same period last year. The expansion of offshore wind leads the way, which grew by 47.5% in this period, to almost 2,400 MW of capacity, thanks mainly to new offshore wind farms in France and Germany. The group's total renewable capacity now exceeds 44,100 MW, as reported today by the company to the National Securities Market Commission (CNMV). By renewable technologies, wind power represents more than 41% of the company's total energy mix, followed by hydroelectric, which represents 23.3%. Leading clean energy The capacity to manage renewable resources in Spain has also supported record generation in the country. More than 25,600 GWh of renewables production was recorded in Spain in the first nine months of 2024, an increase of 24.8% compared to the same period last year. The lower production of onshore wind was offset by the increase in hydroelectric generation- supported by pumped storage hydro. Currently, 84% of the company's production is emission-free. In countries such as the United Kingdom, France, Italy, Germany, Poland, Portugal, Greece and Bulgaria, the group generates 100% emission-free energy. In Spain this percentage stands at 91%. With its new capacity, Iberdrola will continue to promote energy self-sufficiency and electrification, to deliver greater energy and economic efficiency for customers. The company's total production stands at more than 100,000 GWh (-19%), taking into account that the company sold 8,500 MW of combined cycle plants in Mexico in the first quarter of 2024. Commitment to electrification For more than two decades Iberdrola has been at the forefront of the energy transition, with investments that exceed 160 billion euros in that period. Looking forward, Iberdrola is delivering an investment plan that will reach 46 billion euros – 41 billion euros announced the company’s strategic plan, plus 5 billion for the acquisition of ENW in the UK. READ MORE
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11/10/2024 - 09:00 UTC +02:00Iberdrola doubles UK investment Iberdrola has announced plans to more than double its UK investment plans, ahead of the UK’s International Investment Summit in London next Monday (14 October). Through its ScottishPower business, Iberdrola has invested £30 billion in the UK over the last 15 years driven by the country’s clear and stable policies and its predictable regulatory frameworks. On top of this, after the Electricity North West (ENW) integration announced this summer , the UK has already become the Group’s largest investment destination to 2026. And, given Britain’s significant power demand growth prospects and the energy policies set out to promote Net Zero, industrialization and electrification, Iberdrola is now setting out a new plan to upweight and accelerate investment in the UK that could reach £24bn between 2024-2028, doubling its previous plan to invest £12bn over the same period. You can read the full story at ScottishPower Newsroom. READ MORE
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09/10/2024 - 16:04 UTC +02:00Ignacio Galán: "People have to be the focus of any business" The Comillas Pontifical University has awarded an honorary doctorate to the Executive Chairman of Iberdrola, Ignacio Galán , for his career and his involvement and commitment to green energy. Galán focused his speech on defending the economy’s electrification since it contributes to improving productivity, improves access to essential services such as education and health and promotes social and economic inclusion. In his speech, he recalled the "social dividend" as a hallmark of the company "with which we are explicitly committed to ensuring that our business is a daily source of jobs, innovation, protection of the environment, contribution to the public coffers and protection of the most vulnerable groups", and added that "never in history has it been more necessary for companies to act truly responsibly towards the communities they serve. People have to be the focus of any business". At the beginning of his speech, Galán had some affectionate words for the university where he studied engineering. "In receiving this doctorate today, I pledge my personal commitment to preserving the honour bestowed upon me and to pass on the legacy I received from this institution", he assured after thanking the university, his family and his colleagues at the ICAI for this recognition. "Each of us is given certain abilities – some innate and others acquired throughout our lives – and our duty is to make the most of them, to develop this material, intellectual and spiritual wealth, and to make it grow for the benefit of all", he said. Galán recalled his five decade-long career, his time at Tudor batteries, ITP aeronautics, telecommunications at Airtel and, finally, electrical energy at Iberdrola, on which he focused the bulk of his speech. He said he has had three maxims at work: people, i.e. talent, innovation and internationalisation. Galán insisted that renewable energy sources will give society "greater security and independence, reduce our vulnerability and our dependence on imports". The Executive Chairman of Iberdrola offered some figures on the future of electrification, such as the fact that electricity demand will double in the next 25 years, according to the International Energy Agency. European households' energy bills can be reduced by 45% by 2050 by replacing oil and natural gas with renewable electricity, according to Eurelectric. The Executive Chairman acknowledged that past experience has taught him that any industrial reconversion is tremendously complex and therefore requires courage, determination and a community outlook. However, he urged us to "distance ourselves equally from the dogmatism that demonises certain energy solutions and from the immobility promoted by those who see a status quo that they have been favoured by for decades as being in danger". The event, held in the Aula Magna of the university and attended by some 400 guests, was presided over by the rector, Antonio Allende Felgueroso SJ. The laudatio was given by Professor Mariano Ventosa, Vice-Rector for Research and Teaching Staff and an expert in electronic engineering. Galán is the seventh honorary doctor in the history of ICAI. Previous recipients include a US Secretary of Energy, a president of MIT, leading scientists and former professors. It is, therefore, the first time that a businessman and alumnus of the centre has received this distinction at ICAI. In its history, the University of Comillas has only recognised around thirty other people, including, for example, three 'fathers of the Constitution' and important international jurists and economists. Some of the other recognitions and awards that the Executive Chairman of Iberdrola has received are honorary doctorates from the University of Edinburgh (2011), from the University of Salamanca (2011), and from the University of Strathclyde (Glasgow). He was also named 'Commander of The Most Excellent Order of the British Empire' by Queen Elizabeth II. READ MORE
