News
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09/09/2025 - 14:05 UTC +02:00Iberdrola completes the sale of its smart meter business in the United Kingdom Iberdrola has completed the sale to Macquarie of 100% of SP Smart Meter Assets Limited (SPSMAL), ScottishPower’s subsidiary responsible for managing its around 2.9 million meter smart meter business in the United Kingdom, for around £900 million (€1.06 billion). The transaction aligns with Iberdrola’s strategy to concentrate its investments in regulated networks. This will drive total UK investments to £24 billion between 2024 and 2028, primarily in transmission and distribution networks , as well as in renewable generation. ScottishPower will continue working with Macquarie to support the rollout of smart meters among its customers while focusing on network development. Macquarie is one of the UK’s leading independent providers of electricity meters, now managing over 13 million devices, of which over 10 million are smart meters. Through ScottishPower, Iberdrola has been present in the United Kingdom for 20 years, having invested more than £35 billion in transmission and distribution networks and renewable generation. After the acquisition of Electricity North West (ENW), ScottishPower became the country’s second largest distribution network operator, delivering electricity to 12 million people with a total asset base of around £14 billion. The company holds three distribution licences in Scotland, England and Wales and a transmission licence in Scotland, and operates 170,000 kilometres of lines. Currently, ScottishPower, employs more than 8,000 people and supports 70,000 jobs across its supply chain thanks to annual purchases of around £6 billion. With this transaction, Iberdrola has already surpassed €14 billion in asset rotation and strategic partnerships since the beginning of the current Rotation Asset plan in 2024. The Group continues concentrating investments in key businesses and markets, primarily networks in the United States and the United Kingdom, as well as in generation under long-term contracts or regulated. READ MORE
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09/09/2025 - 10:40 UTC +02:00Iberdrola signs a renewable energy purchase agreement with Selex Group for 1,250 GWh in Italy Iberdrola and Selex Gruppo Commerciale have signed a renewable energy purchase agreement – known as a PPA (Power Purchase Agreement) – for a total of 1,250 GWh. The agreement, signed with the distribution leader SELEX, will provide photovoltaic energy for a volume of 125 GWh per year and a capacity of 77 MW, starting in July 2026. This collaboration represents an important step towards greater competitiveness and an acceleration of the industrial electrification process in Italy, with an estimated reduction in annual emissions of approximately 37,000 tons of CO₂, equivalent to the planting of 1.5 million trees. Selex Group is the leading organized modern distribution group in Italy. Comprising 18 affiliated companies, it operates a commercial network of 3.331 retail outlets offering a wide variety of formats, ranging from hypermarkets to discount stores. The Group’s nationally recognized brands include “Famila,” “A&O,” and “C+C,” alongside regional brands that are often market leaders in their respective areas. The workforce exceeds 42,600 employees It is an agreement with an innovative contractual structure: the formula of the framework agreement allows energy to be distributed among the various Associated Companies of the Selex Group, with common contractual clauses. With this agreement Iberdrola supports Selex Group in its decarbonization objectives. The signing of this agreement demonstrates how the PPA is a key tool in the decarbonisation strategy of Italian industries, allowing them to mitigate the ever-present risk of energy price volatility in the medium term.Selex assures being satisfied of having closed an agreement with Iberdrola for the realization of a PPA which adds value to the existing sinergies among the Associated Companies in terms of energy supply. The group considers that it was necessary to adopt an innovative and long-term modality, which would allow groupcompanies to stabilize part of their energy costs over time and address sustainability issues in a more structured and effective way Iberdrola has been confirmed for the second consecutive year as the leader in the European PPA market, according Pexapark Renewables Market Outlook 2025 report . The group has signed several agreements in Europe with large companies such as Amazon, Microsoft, Meta, Salzgitter, Mercedes-Benz and Vodafone. Thanks to this new agreement, the company consolidates its position in the Italian PPA market, where it has already signed agreements with industrial companies such as BTicino, Bayer, Acciaierie Venete and other groups in the large-scale distribution segment, for which contracts have been activated for the supply of green energy from photovoltaic plants operating in the national territory. READ MORE
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08/09/2025 - 09:58 UTC +02:00Neoenergia delivers the second section of the Alto Paranaíba transmission line Neoenergia, Iberdrola's subsidiary in Brazil, just delivered a new section of the Alto Paranaíba transmission line in northern Minas Gerais. This phase includes the expansion of the Arinos II and Paracatu IV substations, the installation of 819 MVar, and the construction of a 500 kV transmission line with 794 towers that will cross seven municipalities: Arinos, Bonfinópolis de Minas, Dom Bosco, Natalândia, Paracatu, Riachinho and Unaí. The Alto Paranaíba project will carry out structural work to to increase transport capacity between the northern region of Minas Gerais and São Paulo, taking into account updated capacity and more in line with the current context of renewable energy expansion. The project’s remaining phases will be delivered by the end of the year. You can read the full story in Neoenergia's Media Room. READ MORE
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04/09/2025 - 15:03 UTC +02:00Avangrid recognised for the second consecutive year by TIME 2025 Avangrid, the Iberdrola Group’s US subsidiary , was included for the second year in a row in the prestigious ‘America's Best Midsize Companies’ list compiled by TIME in 2025. This distinction reaffirms Avangrid's strong performance in three key areas evaluated by TIME: revenue growth, employee satisfaction and corporate responsibility practices that generate economic, social and environmental value in the communities where it operates. To compile this list, TIME and Statista evaluate US companies with revenues between $100M and $10B, based on employee satisfaction, revenue growth and transparency in corporate responsibility. You can read the full story at Avangrid's Press Room . READ MORE
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04/09/2025 - 12:48 UTC +02:00Iberdrola, the world's best utility company in sustainability reporting Iberdrola is the world's best and the top Spanish utility company in terms of sustainability reporting, according to the League of American Communications Professionals (LACP) ranking. LACP has evaluated nearly 1,000 annual reports (including digital formats) from companies in numerous industries and more than 20 countries around the world. Iberdrola, with a score of 99 out of 100, won the global Platinum award in the Online/Digital Report category for its digital space "Integrated Annual Report and Sustainability Information 2024" Iberdrola has also been recognised as the ‘Most Improved Report’ for its significant improvement in the quality, design and, in particular, accessibility of its report. The award-winning report is part of the digital space that Iberdrola dedicates to sustainability information, an environment that integrates all content related to environmental protection and biodiversity, social impact, governance and associated financial and non-financial metrics in a structured and visual way. This microsite, which reports in accordance with the main international standards (ESRS, ISSB, SASB, GRI, B4SI and Global Compact, among others), has established itself as a key tool in the commitment to transparency and the dissemination of sustainability information to all its stakeholders. The ‘Most Improved’ distinction highlights Iberdrola's efforts to evolve its communication model, working towards a richer, more interactive digital experience tailored to all users' needs. The company has increased its use of infographics, dynamic visualisations and multimedia content that make it easier to understand its strategy and results. READ MORE
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04/09/2025Ignacio Galán meets the UK Prime Minister in Downing Street to discuss investment opportunities Executive Chairman Ignacio Galán was one of the leading business executives invited by Prime Minister Sir Keir Starmer and Chancellor of the Exchequer Rachel Reeves to participate in the UK-Spain Business Roundtable in 10 Downing Street on Wednesday 3 September. Asked by Sir Keir for his views on the opportunities for investment, the Chairman said that thanks to the long-term stability of the UK Government’s plans to reform planning and electrify the economy, Iberdrola is more than doubling its investments in the country, to £24bn by 2028. Added to this is the more than £35 billion that Iberdrola has invested in the United Kingdom over the last 20 years in transmission and distribution networks and renewable generation. The Chairman noted favourably the UK’s traditions of rule of law and regulatory stability, and the commitment of public authorities to coherence and dialogue. He welcomed the UK Government’s Clean Power 2030 Action Plan and the measures it had adopted to reform planning. With ongoing dialogue and co-operation, the UK economy would benefit from Iberdrola’s investment – delivering more opportunities for local supply chains and skilled jobs. In terms of the opportunities for enhanced bilateral co-operation, the Chairman identified the importance of building on the UK-EU Agreement, signed in May 2025 . Working together more closely on electrification and energy security would bring benefits for consumers and industries through lower energy costs and reduced emissions. Spain’s Prime Minister and Economy Minister took part in the Roundtable, along with executives from a select group of companies including Santander, Telefónica, BP, Barclays and AstraZeneca. READ MORE
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02/09/2025 - 15:54 UTC +02:00Avangrid and Tyba complete pilot to drive battery energy storage systems Avangrid, Iberdrola Group's US subsidiary, has successfully completed a strategic pilot with Tyba, an energy analysis and optimisation platform, to improve its battery energy storage systems’ (BESS) modelling and identify potential locations to set up storage infrastructure in the US. This initiative is designed to support the evaluation of standalone and hybrid storage assets, improve revenue forecasting and strengthen internal expertise in the dynamic American energy storage landscape. Avangrid is constantly assessing opportunities to meet its customers' needs by including energy storage in future projects as a key component of its comprehensive and cost-effective energy solutions. You can read the full story at Avangrid's Press Room. READ MORE
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01/09/2025Iberdrola España commissions one of its largest photovoltaic plants Iberdrola España, Iberdrola's subsidiary in the country, has commissioned its photovoltaic plant in Ciudad Rodrigo, the company's second in the province of Salamanca and one of the largest in Castile and León. With a 316 MW capacity, it will produce clean energy to supply more than 155,000 homes, representing 75,000 fewer tonnes of CO₂ a year. The farm, which is part of the partnership with Norges Bank, is located on 439 hectares between Valdecarros and the Torralba mountain range. It has more than 460,000 photovoltaic modules and required an investment of €200M. It created 800 jobs during peak construction periods. With its investment in renewable energy, Iberdrola is not only committed to the future of the environment, but also sets an example of coexistence, undertaking initiatives to conserve the biodiversity of ecosystems by caring for plants and wildlife and to support cultural heritage and rural Spain’s development. You can read the full story in the Iberdrola España press room . READ MORE
