News
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12/11/2025 - 12:23 UTC +01:00ScottishPower successfully completes repowering of Scotland's first wind farm, 30 years after its initial commissioning ScottishPower Renewables, Iberdrola Group's renewable energy subsidiary in Scotland , spearheaded the wind power revolution in Scotland when the first turbines at its Hagshaw Hill wind farm began turning in 1995. Thirty years later, the farm has been refurbished to generate five times more clean energy with fewer turbines. Repowering is the fastest and most efficient way to increase renewable capacity and achieve Scotland's onshore wind energy targets for 2030. The original 26 turbines have been replaced by 14 more powerful models, generating over 79 MW of clean electricity: five times the previous output with just over half the towers and enough energy to power the equivalent of 57,000 homes. ScottishPower Renewables has worked to find a solution to a common challenge in the industry. Each blade from the original turbines will be recycled by Plaswire to create new building materials, replacing concrete, wood and plastics, demonstrating that renewable energy can be circular from start to finish. You can read the full story in the ScottishPower Media Room. READ MORE
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11/11/2025 - 10:33 UTC +01:00Iberdrola enters networks in Australia with a transmission project between Victoria and New South Wales Iberdrola Australia has been selected as a strategic partner to develop the VNI West (Victoria to New South Wales Interconnector West) transmission project, key infrastructure that will connect the states of Victoria and New South Wales in Australia. With this tender, the company takes another decisive step in its strategy of investing in electricity grids in markets with stable and attractive regulatory frameworks. This project is key to ensuring reliable energy supply in the country and will put downward pressure on electricity prices. VNI West will consist of a 240km, 500 kV double-circuit transmission line and is expected to increase bidirectional transfer capacity by up to 3.5GW, unlocking renewable energy generation in Victoria and New South Wales. The interconnector will strengthen the Australian electricity grid, support Victoria’s energy transition, and generate social and economic benefits for local communities. The choice of Iberdrola Australia for this project responds to a rigorous bidding process in which experience, capacity and commitment to the project's objectives were valued. The company builds on the Group's strong track record, which operates 1.4 million kilometres of lines in the UK, the US, Brazil and Spain, and has more than 57,000 MW of installed capacity worldwide. During the first phase of the project, Iberdrola will work together with VicGrid, the new transmission network planning body in Victoria, to define the critical elements (engineering design, financial and technical planning, and cost estimation). Iberdrola will also contribute to strengthening the relationship with local communities and interest groups, and support essential authorisations in terms of the environment, cultural heritage and regulations. Once this stage is completed, Iberdrola will submit a proposal for the execution of the project (design and construction), as well as for its ownership and operation. The target construction completion date is 2030. The joint work between Iberdrola and VicGrid will lay the foundations for the VNI West line to progress as planned, contributing to the country's decarbonisation and energy security. Iberdrola Australia is one of Australia's leading renewable operators, with more than 2.3 GW of generation capacity in operation or construction and plans to increase it by almost 1GW by 2028 thanks to new renewable and battery storage projects. Our strategy in Australia is to augment the grid, to put downward pressure on electricity prices, and to rapidly grow our renewables business, to ensure Commercial and Industrial customers have reliable and affordable supplies of green energy. READ MORE
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09/11/2025 - 09:07 UTC +01:00Iberdrola launches the "Noronha Verde" project, reinforcing Brazil's leadership in electrification with clean energy The Chairman of Iberdrola, Ignacio Galán, presented the Noronha Verde project in the Brazilian archipelago Fernando de Noronha together with the Minister of Mines and Energy of Brazil, Alexandre Silveira. The event was also attended by the governor of Pernambuco, Raquel Lyra, the Minister of Defense, José Múrcio, and the CEO of Neoenergia, Eduardo Capelastegui. This project is one of the milestones highlighted by the Government of Brazil in the framework of the Climate Summit (COP30) that takes place in Belém, in Para State. This pioneering initiative integrates solar energy and battery storage to make Fernando de Noronha , a World Heritage Site, the first inhabited oceanic island in Latin America with a completely sustainable energy model. With an investment of R$350 million (more than €50 million), Noronha Verde will decarbonize by advancing with renewable sources and clean technologies . To this end, construction has begun on a photovoltaic plant with more than 30,000 panels and a capacity of 22 MWp, which will be integrated with an advanced 49 MWh battery storage system. To date, the island's energy was produced at the Tubarão plant, which uses biodiesel. Noronha Verde is part of the Mais por Noronha program, developed by the Group's Brazilian subsidiary, Neoenergia , in partnership with the Brazilian Ministry of Mines and Energy and the state government of Pernambuco. Its purpose is to promote the sustainability of the island through smart grids , electric mobility , technological innovation and distributed microgeneration. The first phase of the project will be operational in May 2026 and the second in 2027. During the launch ceremony, the first floating solar plant in the archipelago was also inaugurated, located in the Xaréu reservoir, with a power of 622 kWp and an estimated generation of 1,083 MWh per year. The installation will avoid the emission of 717 tonnes of CO₂. Noronha Verde, an example of the Group's commitment to Brazil Ignacio Galán stressed in his speech that the Noronha Verde project is "the best example of Neoenergia and Iberdrola's commitment to the future of Brazil, which over the almost 30 years has become an increasingly essential part of our Group". The company's investment plan in the country includes more than 7,000 million euros for the next five years, which are in addition to the more than 100,000 million reais (15,000 million euros at current exchange rates) allocated by Iberdrola to generation, transmission and distribution infrastructures in Brazil in the last almost 30 years. The chairman of Iberdrola said that the initiative "marks a before and after" in the lives of the inhabitants of this island, which is part of an archipelago declared a natural heritage of humanity by UNESCO, and makes it "an international benchmark in terms of self-sufficiency, safety, energy efficiency and care for the environment. In a word, of true sustainability." This project exemplifies the Group's leadership in promoting electrification with clean energies , which allows progress in decarbonisation while promoting security of supply, self-sufficiency, competitiveness and industrial development. READ MORE
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07/11/2025 - 18:51 UTC +01:00Ignacio Galán defends at COP30 that economic and environmental sustainability are fully compatible thanks to electrification The Executive Chairman of Iberdrola , Ignacio Galán, spoke today at the panel on energy transition organised within the framework of the summit of heads of state and government convened by President Lula da Silva on the occasion of the 2025 United Nations Climate Change Conference (COP30). The session was attended by the Secretary-General of the United Nations, the President of Brazil, the President of the European Commission, the Director of the International Energy Agency and the German Chancellor, among other international leaders. Ignacio Galán stressed that investments in renewables are advancing, but more energy storage and electricity grids are also needed to electrify the economy and respond to demand, which is expected to increase by 50% worldwide in the next 10 years. Galán defended that economic and environmental sustainability are fully compatible and this is demonstrated by Iberdrola's track record. The Group has invested nearly 175,000 million euros in the last 25 years to advance electrification through renewable energies, electricity grids and storage, and this has made it possible to increase strategic autonomy and security of supply and improve competitiveness, while promoting development and social progress. In addition, the chairman of Iberdrola pointed out that, for this objective, collaboration between companies and administrations is very important to find solutions to advance in environmental care and climate action. Iberdrola has presented an investment plan of 58,000 million for the next four years, and clear and stable energy policies, predictable regulatory frameworks and speed of processes are required to carry out these investments. As he has been highlighting in recent years, the chairman of the main European electricity company and one of the two largest in the world by market capitalisation, insisted that promoting these investments also generates value for everyone. In the case of Iberdrola, it materialises in: 100 million people to whom it supplies safe, clean and competitive energy; 17,000 million euros allocated to purchases each year from thousands of suppliers who support 500,000 jobs; more than 10,000 million euros of annual tax contribution; and CO2 emissions already close to zero. READ MORE
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07/11/2025 - 13:25 UTC +01:00Iberdrola to invest more than €11m to upgrade East Anglia port infrastructure Iberdrola, through its UK renewable energy subsidiary , and Peel Ports Group will invest more than €11 million in the Port of East Anglia, in Great Yarmouth, to support the construction of the East Anglia TWO offshore wind farm , valued at over €4.5 billion. The investment will fund a major upgrade to the port’s North Terminal. The works will include building a second heavy-lift platform at the North Terminal, where turbine towers will be preassembled before being loaded onto the installation vessel; expanding and improving storage areas to accommodate larger components; and enabling the use of higher-capacity cranes. What’s more, this new project will bring ScottishPower’s total investment with local East Anglia businesses to over €70 million in the past five years. The East Anglia TWO wind farm will feature 64 turbines with a combined capacity of up to 960 MW of green electricity – enough to power the equivalent of nearly one million homes. You can read the full story in the ScottishPower Renewables Media Centre. READ MORE
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06/11/2025 - 17:28 UTC +01:00Ignacio Galán participates in the COP30 summit of heads of state and government in Brazil Iberdrola Chairman, Ignacio Galán, will participate on 6 and 7 November in the summit of heads of state and government convened by President Lula da Silva on the 2025 United Nations Climate Change Conference (COP30 ) to be held in Belém, Brazil. Among the confirmed heads of state and government, in addition to Brazil, are those of Germany, France and the United Kingdom. Also participating will be the President of the European Commission, the Secretary-General of the United Nations and leaders of international organisations such as the International Energy Agency and the World Bank. The sessions at this meeting will address the main issues of interest to the COP, including the energy transition, in which Ignacio Galán will outline the role of investment in electricity grids , the expansion of renewable energies and the promotion of storage as a tool to strengthen energy security and autonomy, generate opportunities for growth, employment and industry and, of course, advance in the fulfilment of climate objectives. Galán's presence at this international forum, to which he has been invited since the Copenhagen COP in 2009, underlines Iberdrola's commitment to global collaboration in addressing the major social challenges of the 21st century. Noronha Verde: clean energy for a natural paradise On Saturday, 8 November, Ignacio Galán will take part in the presentation of the Noronha Verde project, promoted by Iberdrola's Brazilian subsidiary , Neoenergia, in partnership with the Brazilian and Pernambuco governments. The project makes Fernando de Noronha Island the first inhabited oceanic island in Latin America with a 100% sustainable energy model. The event will be attended by Brazil's Minister of Energy, Alexandre Silveira, and the Governor of the state of Pernambuco, Raquel Lyra. Through its subsidiary Neoenergia, Iberdrola is Brazil's largest electricity company in terms of number of customers, with a presence in 18 states and assets worth €18 billion. It has 4,200 megawatts of installed capacity and serves around 40 million people. As part of its new plan, the Group will allocate around €7.3 billion to Brazil over the next five years. READ MORE
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06/11/2025 - 13:37 UTC +01:00Avangrid installs 650 smart devices on power grids in Maine and New York in 2025 Avangrid, the US subsidiary of the Iberdrola Group , installed more than 650 smart devices during 2025 through its distribution companies Central Maine Power (CMP), New York State Electric & Gas (NYSEG) and Rochester Gas and Electric (RG&E) across their respective service areas. The smart devices provide real-time readings to energy control centres. When an outage occurs, operators can section off circuits and remotely redirect electricity. This allows outages to be reduced from hours to just minutes. The devices can restore service in as little as five minutes, which is especially valuable in rural and remote areas. They also minimize repair time for specialized crews by enabling them to focus on smaller areas when patrolling and locating damage. The installation of these automated devices is part of the company’s plan to modernize the energy infrastructure in Maine and New York, making it more resilient to increasingly frequent and severe weather events . Other initiatives include regular inspections and maintenance of poles, as well as investments in substations and other key projects. Read the full story in the Avangrid Press Room. READ MORE
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03/11/2025 - 13:49 UTC +01:00EIB and Iberdrola sign a €500 million green loan for the Windanker offshore wind farm in German Baltic Sea The European Investment Bank (EIB) has signed a €500 million green loan to Iberdrola for the Windanker offshore wind farm, a flagship clean energy project currently under construction in the German Baltic Sea. The financing is guaranteed by the Spanish export credit agency, Cesce. This transaction with Iberdrola marks the inaugural use of a guarantee developed by the EIB and Cesce, to support green projects led by Spanish companies outside Spain, contributing to the European Union's climate action and environmental sustainability objectives. The new project will generate clean energy for thousands of homes, accelerate Europe’s electrification and energy security, driving new employment, economic opportunity, and state-of-the-art renewable energy innovation. Windanker will contribute 315 MW of offshore wind capacity—enough to supply renewable electricity to 600,000 people every year according to Iberdrola estimates. "EIB’s €500 million financing for Windanker helps bring cutting-edge wind power technology to the Baltic Sea for the benefit of German consumers and local economies. The green electricity generated by the project will also take us closer towards securing Europe’s independence from fossil fuel imports,” said EIB Director General of Financing and Advisory Operations within the European Union Jean-Christophe Laloux. "With this loan, Iberdrola not only strengthens its financial structure and diversifies its sources of financing but also consolidates the confidence of leading institutions such as the EIB and Cesce in our ability to deliver. This backing allows us to continue promoting projects such as Windanker, which is key to electrification, in line with our new transformation plan,” said José Sainz Armada Iberdrola's Chief Finance, Control and Corporate Development Officer. Beatriz Reguero, area director for State Accounts at Cesce, said “Cesce is proud to support Spain’s leading companies as they drive the energy transition across Europe. The Windanker offshore wind farm demonstrates how long-term partnerships with public institutions like the European Investment Bank and Cesce can expand the capacity to support and back projects by Spanish companies that promote innovation and sustainable investment in projects that benefit local communities, strengthen economic growth and promote renewable energy for the future.” The project is part of TechEU the EIB Group’s programme to accelerate EU innovation which aims to mobilise €250 billion in investments by 2027 for startups, scale-ups and innovative companies across Europe. Specifically, the project will contribute to the cleantech line of action of TechEU. By increasing the share of clean energy in Germany’s grid, the project directly supports European and national goals to reduce carbon emissions, cut reliance on fossil fuels, and meet ambitious climate targets. Thereby the project is a strong contributor to EIB Group’s climate action objectives set out in the Group’s Strategic Roadmap for 2024-2027 and the Climate Bank Roadmap Phase 2 for 2026-2030 as well as the EIB action plan to support REPowerEU , the programme to increase energy security and speed up the energy transition by reducing the European Union’s dependence on fossil fuel imports. State-of-the-art renewable energy for Germany Windanker sets new standards for offshore wind technology, deploying 21 Siemens Gamesa SG 14-236 DD turbines, each up to 15 MW—among the most advanced and powerful offshore wind turbines globally. These turbines feature a groundbreaking 236-meter rotor and direct drive technology, increasing reliability and operational performance, and enabling over 30% more annual energy production compared to previous models. Innovative engineering and construction techniques are applied throughout the farm to ensure maximum efficiency, safety, and sustainability. The foundations, up to 84 meters long and up to 2,100 tons in weight, are being installed by Van Oord’s Svanen vessel. Construction started earlier this month with the installation of the first monopile. Turbine installation will follow in 2026, with full commissioning expected in the fourth quarter of 2026. Supporting skilled green jobs in a cohesion region Located in Mecklenburg-Vorpommern, an EU Transition Region, the project will deliver a major economic contribution to the region, with around 2,200 person-years of employment generated during construction and up to 160 skilled permanent jobs sustained by ongoing operations. The majority of new roles will emphasize technical “green skills,” fostering long-term local expertise and workforce development while reinforcing industrial cooperation between Germany and Spain. Financing structure and guarantees Windanker is Iberdrola’s third major offshore wind development in the German Baltic Sea and marks a significant step forward for the company’s Baltic Hub strategy. The €500 million financing to Iberdrola is backed by a guarantee from the Spanish export credit agency Cesce, ensuring robust security for stakeholders. Project contribution and sustainability As a major contributor to Europe’s REPowerEU initiative and Germany’s National Energy and Climate Plan, the Windanker project will help accelerate the country’s energy transition, reduce carbon emissions by an estimated 672,000 tons CO2 annually, and support the national target to achieve 80% renewable share in electricity by 2030. The majority of the renewable electricity generated will be traded through long-term power purchase agreements (PPAs) on the German market. Project financed by the European Investment Bank. READ MORE
