News
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28/07/2025 - 08:02 UTC +02:00Iberdrola and Echelon create a joint venture to develop data centres in Spain Iberdrola and Echelon Data Centres, a leading owner and operator of large-scale data centre infrastructure in Europe, have announced a strategic joint venture to build and operate data centres in Spain. This is the largest binding agreement of its kind in Europe between an energy company and a developer of this type of technology infrastructure. Under this agreement, Iberdrola will hold a 20% stake through its subsidiary CPD4Green and will be responsible for identifying and securing land with connection to the electricity grid where the centres will be developed. It will also supply electricity to the centres 24/7. Echelon, a Dublin-based tech company owned by Starwood Capital Group, will own 80% of the company and will be in charge of the development, design, marketing and day-to-day management of the joint venture. The first project this joint venture will carry out will be Madrid Sur, a 160,000 m² complex that will offer 144 megawatts (MW) of data processing and has already secured a 230 MW electricity connection. This centre, which will create around 1,500 jobs and is expected to be operational before 2030, will require 1 terawatt hour (TWh) of power, which will be supplied by a solar photovoltaic plant to be built on site, complemented by additional clean energy capacity from Iberdrola. ‘This agreement reinforces Iberdrola's strategy of facilitating the development of data centres, which have become a key driver of growth in electricity demand. The joint venture signed with Echelon will allow us to leverage our portfolio of sites with access to electricity connections and our ability to offer these infrastructures secure, clean and competitive energy 24 hours a day, 365 days a year,’ said David Mesonero Molina, Director of Corporate Development at Iberdrola. David Smith, Director of Investments at Echelon Data Centres, said, ‘Entering the data centre market in Spain has been a strategic objective for Echelon for several years. Spain offers significant benefits for our customers: access to large-scale renewable energy at some of the lowest prices in Europe and large construction and operating capacities. Our partner, Iberdrola, is a global energy leader and we are delighted to have this opportunity to partner with them to offer our customers the best data processing infrastructure.’ A business with high growth potential Iberdrola already sells more than 11 TWh to tech companies and operators of these infrastructures worldwide, making it a leader in data centre electricity supply. Its subsidiary CPD4Green, dedicated to facilitating the development of data processing infrastructures, already has a portfolio of sites for 700 MW in Spain and has the potential for another 5,000 MW. In recent years, Spain has established itself as the gateway for global data to the European continent. More than 70% of data traffic to Europe passes through Spain thanks to its fibre optic network, submarine connections, availability of clean and competitive energy and its electricity grid. READ MORE
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23/07/2025 - 15:06 UTC +02:00Iberdrola successfully completes the capital increase of €5 billion, oversubscribed by 3.8 times Iberdrola has successfully closed the accelerated capital increase of €5 billion, aimed at financing the investment plan in electricity grids in the United States and the United Kingdom. The transaction was oversubscribed by 3.8 times, demonstrating the strong market support for the company's strategy. The capital increase closed at a price of €15.15 per share, above the guaranteed price and 7.5% higher than the average share price of the last year. During the same period, shareholder remuneration reached €0.645 per share, including the final dividend, already discounted, which becomes effective tomorrow, July 24. The operation was carried out at a discount of 4.687% to the closing share price yesterday, July 22. The new shares are scheduled to begin trading on July 25. The quality of the book has been very high, with broad participation from top-tier investors, both current and new, and with broad international diversification. This expansion will allow Iberdrola to take advantage of unprecedented investment opportunities in the network business, estimated at €55 billion between 2026 and 2031, representing an increase of 75% compared to the previous period. These investments will be made in markets with stable and predictable regulatory frameworks, and attractive returns, with an estimated average return on equity of around 9.5% in net terms. Europe's leading utility by capitalisation and one of the two largest in the world expects its network asset base to exceed €90 billion by 2031, compared to €30 billion in 2020, a 3-fold increase in just a decade. The transaction is part of Iberdrola's growth strategy , focused on electricity grids in countries with high credit ratings and favourable regulatory policies. The company’s cash flow, asset rotation and alliance operations and growing liquidity will, together with this capital increase, be sufficient to undertake the huge investments planned. It allows the maintenance of credit ratios compatible with the Baa1/BBB+ credit rating and the shareholder remuneration policy. In addition to the positive impact on financial strength, the transaction will have a favourable effect on earnings per share (EPS), by allowing a greater volume of investments to be undertaken with attractive returns. This reinforces the prospects for mid-to-high single-digit growth in net profit through to the end of the decade. Iberdrola will present more details on its strategy and growth prospects at its next Capital Markets Day , which will be held in London on 24 September 2025. READ MORE
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23/07/2025 - 07:53 UTC +02:00Investments of €17.3bn in the last year raise Iberdrola's H1 2025 profit to €3.56bn The company will hold its Capital Markets Day in London on September 24 . READ MORE
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22/07/2025 - 10:54 UTC +02:00Scottish Power Renewables completes installation of first section of export cable for East Anglia Three offshore wind farm ScottishPower Renewables, the renewable energy subsidiary of the Iberdrola Group in the United Kingdom , has completed the laying of the first section of the export cable for its East Anglia THREE offshore wind farm, reaching a new milestone in this clean energy project valued at around €4.7 billion. The cable has been connected to shore at Bawdsey, Suffolk (UK). The electricity generated offshore will travel approximately 147 kilometres from the wind farm to the coast. From there, the energy will travel another 37 kilometres by land to the HVDC converter station at Bramford, near Ipswich, using the infrastructure previously developed for East Anglia ONE. East Anglia THREE will have a capacity of 1.4 gigawatts (GW) and, once operational at the end of 2026, will become the Iberdrola Group's largest wind farm and one of the largest in the world, with the capacity to supply more than one million homes. READ MORE
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17/07/2025 - 14:12 UTC +02:0020,000 Tons of CO₂ Saved Annually: Iberdrola’s First Solar Park in Germany Powers Vodafone’s Mobile Network Iberdrola Deutschland, the Group's subsidiary in Germany, has started up its first solar farm in Germany, located in Mecklenburg-Vorpommern. Approximately 180 kilometers north of Berlin, a photovoltaic installation has been completed in the municipality of Boldekow and inaugurated together with Vodafone. The solar park will generate more than 53 gigawatt-hours of renewable electricity annually, supplying power to around 3,000 Vodafone mobile towers. Over its planned 30-year lifespan, Iberdrola’s new solar park is expected to save approximately 20,000 tons of CO₂ per year, making a sustainable contribution to decarbonization and the energy transition. The Boldekow facility marks Iberdrola’s first photovoltaic project in Germany. With its offshore wind farms Wikinger, Baltic Eagle, and Windanker, Iberdrola is already the largest operator of offshore wind energy in the German Baltic Sea. The new solar park expands the company’s commitment in Germany to include onshore renewable energy. “Photovoltaics are another building block to expand our exclusively renewable energy offering in Germany,” says Felipe Montero, CEO of Iberdrola Deutschland. “The location in Mecklenburg-Vorpommern was chosen not only for its strong solar radiation but also for the region’s openness and support for such a sustainable project.” “Digitalization helps thousands of companies across the country save energy and become more sustainable. But digitalization can only be truly effective if we make it more sustainable ourselves – for example, by powering our networks. That’s why we’re now relying even more on solar energy for mobile communications in Germany. The 80,000 solar panels Iberdrola is launching in Mecklenburg-Vorpommern will power our network exclusively and ensure the operation of more than 3,000 stations nationwide,” says Marcel de Groot, CEO of Vodafone Germany. The electricity generated across an area equivalent to more than 65 football fields will be supplied entirely to Vodafone Germany under a long-term agreement. The solar panels utilize not only direct sunlight but also reflected radiation from the surroundings. Vodafone recently announced its CO₂ neutrality for its own emissions (Scope 1 & 2). A key lever: electricity consumption. Since 2020, Vodafone has been using renewable energy. The partnership with Iberdrola now enables long-term planning for sustainable electricity procurement. The solar park was implemented with partner companies including Solarpro, Sungrow, P&Q, and 4Energy. In addition to producing renewable energy for Vodafone Germany, the Boldekow facility also brings benefits to the local community. Through property taxes, the solar park will generate millions in revenue for the municipality over the coming decades. During the construction phase, various local companies and workers were involved. “The transformation of energy supply must be rooted in the regions,” says Felipe Montero, who sees the Boldekow facility and the onshore segment as part of a holistic technology strategy. “The energy transition will only succeed if we think of all technologies together. Investments in offshore and onshore require clear processes and a reliable regulatory framework.” READ MORE
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17/07/2025 - 09:00 UTC +02:00Iberdrola completes the acquisition of the electricity business of Electra del Maestrazgo in Castellón and Teruel Iberdrola has completed the acquisition of the energy distribution, marketing and generation business of Electra del Maestrazgo, a family-owned utility based in Castellón. The CNMC has announced its approval of the transaction. Electra del Maestrazgo has 1,350 km of medium and low voltage lines, 21,000 supply points, 19,000 customers and 6.8 MW of installed capacity with photovoltaic plants and hydroelectric generation. These assets will be integrated into Iberdrola's business, strengthening its operations and presence in the region. With this purchase, Iberdrola reinforces its commitment to energy efficiency in the provinces of Castellón and Teruel. The transaction is in line with Iberdrola's strategic plan , which focuses on the sale of non-strategic assets and reinvestment in assets that are relevant to the company's current business and objectives, such as smarts grids . With the recent sale of Maine Natural Gas and the acquisition of Electra del Maestrazgo's electricity business, a capital movement has been executed in line with this strategy. This acquisition is expected to have a positive impact on Iberdrola's results , consolidating its position as a leader in the energy sector. READ MORE
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16/07/2025 - 12:10 UTC +02:00Iberdrola signs a €2.5 billion credit line with 32 international banks Iberdrola this morning signed a €2.5 billion credit line, as it continued to strengthen its liquidity and diversify its funding sources. The deal, closed with 32 international banking institutions, was oversubscribed by 45%, reflecting the confidence of the banking sector in Iberdrola’s creditworthiness and strategy. Iberdrola is the largest utility in Europe and one of the two largest in the world by market capitalisation. The credit facility has a term of five years, with the option to extend for a further two years. It is a multi-currency facility and has the most competitive cost of all credit lines currently available to Iberdrola. Avangrid, Iberdrola’s subsidiary in the United States , has joined the deal due to the significant growth opportunities in the country, which has already become the Group’s main investment destination. During the signing, Iberdrola’s Executive Chairman, Ignacio Galán , stated: “This deal strengthens our capacity to continue increasing our investments in networks , renewables and storage, to meet the strong growth in demand driven by electrification in countries such as the United States and the United Kingdom. This credit facility once again demonstrates the full confidence of the international financial community in our growth strategy, through which we promote energy self-sufficiency and security, economic growth and social well-being.” With this transaction, the company has reinforced its liquidity, which stood at €20.9 billion at the end of the first quarter, and strengthens its leadership in sustainable financing by linking the cost of the credit facility to the achievement of decarbonisation targets and the alignment of its investments in networks, renewables and storage with the European Union taxonomy. BBVA acted as co-coordinator and agent bank, and Bank of America as co-coordinator. The sustainability coordinators were BBVA, BNP Paribas and Crédit Agricole. Following the agreement signed today, more than 97% of the company’s credit lines are now sustainable. Innovative and sustainable financing In recent days, Iberdrola has closed two financial deals that have shown its ability to mobilise large amounts of capital and the strong interest it attracts from leading international banking institutions. Last week, the company closed one of the largest green financing deals in Europe, worth €4.1 billion, for its East Anglia THREE offshore wind farm, with the participation of 24 banks. READ MORE
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14/07/2025 - 14:32 UTC +02:00Carbon2Nature signs agreement with Uría Menéndez to plant ‘El Bosque Uría’ Carbon2Nature, a company belonging to the Iberdrola Group, and Uría Menéndez have announced the launch of El Bosque Uría, an ambitious environmental and social impact project that consolidates their commitment to sustainability, biodiversity and action against climate change. This initiative is part of a pioneering plan to decarbonise legal practice promoted by Iberdrola, which supports collaborating law firms in measuring, reducing and offsetting their carbon footprint through solutions such as those offered by Carbon2Nature. The Uría Forest is located in the Sierra de Francia (Salamanca), in an area of high ecological value that was severely affected by the largest forest fire recorded in the province so far this century. The reforestation project in the Sierra de Francia (Salamanca) will capture more than 70,000 tonnes of CO₂ and restore 90 hectares affected by fire. You can read the full news item in the Carbon2Nature Media Room. READ MORE
