News
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06/08/2025 - 10:02 UTC +02:00Iberdrola receives the last monopiles manufactured by Navantia - Windar for its Windanker offshore wind farm Iberdrola has received the latest monopiles for its Windanker offshore wind farm in the Baltic Sea. Following those built for East Anglia THREE, the components, manufactured by Navantia Seanergies and Windar Renovables, represent the second monopile contract for the Navantia – Windar alliance for Iberdrola and join those already delivered in the United Kingdom, Germany, France and the United States, the result of a strategic collaboration worth over 1 billion euros in orders over the last ten years, demonstrating the energy company's confidence in Spanish companies. These foundations have been produced at the monopile factory that both companies operate jointly at the Navantia Seanergies shipyard in Fene (A Coruña). Each of the pieces measures up to 84 metres in length, 10 metres in diameter and weighs up to 2,100 tonnes, and has created 300 jobs. The order is part of the framework agreement reached by the companies in summer 2021 for the manufacture and supply of XXL monopile foundations. The alliance reinforced Iberdrola's leading role in the local industry and provided stability and certainty to the Navantia-Windar consortium to build a factory for this type of component, which is in high demand in the fixed offshore foundation sector, on the site of the Navantia Seanergies shipyard in Fene. The work carried out at this factory has involved an investment of €36 million to adapt a building to enable the bending of thick sheet metal up to 12 metres in diameter, new painting booths and storage areas for finished products, as well as the incorporation of the latest technology equipment necessary for manufacturing. The Windanker offshore wind farm is located in German waters and forms part of the hub that Iberdrola is building in the Baltic Sea, which will have a total installed capacity of more than 1,100 MW and a combined investment of €3.5 billion. The Wikinger (350 MW) wind farm, already in operation, and Baltic Eagle (476 MW), which was also recently commissioned, are also part of this hub. When Windanker comes online in 2026, it will have a capacity of 315 MW. Thanks to Iberdrola's pioneering commitment to offshore wind power and its experience in the Baltic Sea, Windanker's efficiency has been maximised, making it viable. The farm will feature new-generation turbines with a unit capacity of approximately 15 MW. "At Navantia, we would like to express our gratitude to Iberdrola for once again placing its trust in Navantia Seanergies and also in our partner Windar. Last December, Navantia celebrated a decade in offshore wind power since its first contract with Iberdrola. Since then, we have supplied Iberdrola with foundations and offshore substations for its wind farms, which has helped to strengthen the development of the national supply chain," said Ricardo Domínguez, president of Navantia. For the executive president of Windar Renovables, Orlando Alonso, "Windar Renovables values this order from Iberdrola as proof of the high quality of our products and the reliability of our processes and our collaboration with Navantia Seanergies for more than nine years. In this regard, we work every day to position this strategic business alliance and our company at the forefront of new renewable energy developments in the European market and internationally.‘ ’This delivery is further proof of Iberdrola's commitment to the Spanish industrial fabric. We have been promoting offshore wind power generation around the world for more than 10 years and always seek to develop all our projects in partnership with local industry and Spanish companies and through long-term agreements, which provides stability, international visibility and certainty for our suppliers, generating sustained activity and jobs," said Álvaro Martínez, director of offshore wind power at Iberdrola. Work for East Anglia THREE In parallel with the completion of the Windanker project, Navantia Seanergies and Windar Renovables are also currently working for Iberdrola on the manufacture of monopiles for the East Anglia THREE (EA3) offshore wind farm, located in UK waters, which will form part of the East Anglia Hub complex, which will reach 2,900 MW of installed capacity. As part of this project, the Navantia-Windar alliance is building 45 monopiles in Fene, while Windar Renovables is manufacturing the 95 transition pieces at its plant in Avilés (Asturias). Iberdrola, leader in offshore wind power Iberdrola was a pioneer in offshore wind power, commissioning its first offshore wind farm, West of Duddon Sands, in England in 2014. Today, this technology is one of its main growth drivers. The company is promoting offshore wind power around the world and has a solid portfolio of projects in the United States, the United Kingdom, France and Germany, as well as in Australia and Japan. At the end of the first half of 2025, it had more than 2,470 MW of installed offshore wind capacity, which it plans to increase to 6,500 MW by 2030 thanks to significant investments around the world. READ MORE
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04/08/2025Iberdrola Spain and Burger King extend their renewable energy purchase agreement Iberdrola Spain, Iberdrola's subsidiary in the country , and Burger King® have signed a new long-term power purchase agreement (PPA) for 34 MW of photovoltaic energy, which now stands at 109 MW to cover the annual demand of more than 900 restaurants in Spain. This new agreement will enable Iberdrola Spain to supply the restaurant chain with a total of 1,900 gigawatt hours (GWh) of photovoltaic energy, thus helping to accelerate Burger King®'s progress towards using renewable energy, which will enable it to increase its energy security. Iberdrola has extensive experience in PPAs. The company manages power purchase agreements in Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil, Mexico and Australia for onshore and offshore wind and photovoltaic projects. You can read the full story in the Iberdrola Spain Media Room. READ MORE
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31/07/2025 - 18:20 UTC +02:00Iberdrola agrees to sell businesses in Mexico for $4.2 billion The operation responds to expectations of organic investment of €55 billion in transmission and distribution electricity networks in its subsidiaries in the US (Avangrid Networks), the UK (ScottishPower Energy Networks), Brazil (Neoenergia) and Spain (i-DE), which will almost double its regulated asset base to €90 billion in the coming years. This strategy has already led Iberdrola's British subsidiary, ScottishPower, to acquire the Electricity North West distribution company, which serves the northwest of England, just a year ago for €5 billion. Together with the recently executed capital increase, operating cash flow and current liquidity, the transaction secures the resources to meet the Group's investment plans in the coming years. The deal, which assumes a valuation multiple of $1.6 million per operating MW, includes an installed capacity of 2.6 GW in operation -1,368 MW of combined cycle and cogeneration plants and 1,232 MW of wind and photovoltaic assets-, the commercial activity and the portfolio of generation projects, which the buyer intends to put into operation in the future in line with its expansion plans in the country and the frameworks created by the Government of Mexico to promote new generation. As these projects are completed, the buyer would make payments to Iberdrola in addition to the agreed $4.2 billion. The transaction is subject to obtaining the necessary regulatory approvals. READ MORE
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30/07/2025 - 12:14 UTC +02:00Iberdrola España expands its partnership with Mercadona with renewable energy purchase agreements (PPAs) for over 300 MW for the next decade Iberdrola España, the Iberdrola subsidiary in the country and Mercadona have expanded their partnership with the signing of long-term power purchase agreements (PPAs) for more than 300 MW, associated with wind and solar assets, for Mercadona's logistics centres and supermarkets. Both companies have been working for years to advance their services’. The energy group is responsible for the supply, commissioning and operation of up to 3,500 charging points in 800 supermarkets in Spain and Portugal. The addition of these new charging points for electric vehicles is a major step forward in the expansion of the public charging network. Iberdrola has extensive experience in PPAs. The company manages power purchase agreements in Spain, Portugal, Germany, Italy, the United Kingdom, the United States, Brazil, Mexico and Australia for onshore and offshore wind and photovoltaic projects . Europe's leading electricity company by market capitalisation and the second largest in the world, it has been offering innovative PPA proposals for over a decade. Iberdrola has announced agreements with major companies such as Amazon, with which it has signed wind and photovoltaic PPAs in Spain, Portugal and the United Kingdom for the East Anglia Three offshore wind farm. It has also signed agreements with other global customers like Google , Bayer , BP, Telefónica and Salzgitter, as well as local customers. You can read the full story at the Iberdrola España’s Newsroom. READ MORE
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29/07/2025 - 13:18 UTC +02:00The EIB and Iberdrola sign two €50M loans to rebuild and adapt the electricity grid affected by the cold drop in Valencia Iberdrola and the European Investment Bank (EIB) have signed two €25M loans to finance the reconstruction, redesign, adaptation to climate change and digitalisation work that the company is carrying out on the electricity distribution grid damaged by the cold drop last October in Valencia. These investments are part of Iberdrola España's il·lumina project, launched to build an electricity distribution grid for the future. The project will rebuild damaged infrastructure, increase facility automation , incorporate new smart transformers to improve supply quality, bury overhead power lines and raise and compact transformer substations. These interventions are expected to benefit more than 650,000 customers by increasing the security of energy supply, in a context of extreme weather events and the growing integration of electricity generated by renewable energy sources. You can read the full story at the Iberdrola Spain's press room. READ MORE
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29/07/2025 - 08:43 UTC +02:00Avangrid announces 119-megawatt repowering project in Oregon Iberdrola’s US subsidiary, Avangrid , has announced the signing of a power purchase agreement (PPA) with Google for more than 100 megawatts (MW) of energy from the ‘Leaning Juniper IIB’ project. The project, located in Gilliam County, Oregon, will supply energy to Google’s data centres in nearby The Dalles. Avangrid will repower its existing ‘Leaning Juniper IIB’ energy project , significantly upgrading the facility and replacing existing components with modern equipment. This will extend the project's life, while improving its efficiency and increasing energy production to feed electricity into the grid. Once completed, ‘Leaning Juniper IIB’ is expected to generate enough electricity to power approximately 31,000 US homes a year. The Northern Wasco County Public Utility District will be responsible for delivering the energy from ‘Leaning Juniper IIB’ to Google’s data centres in The Dalles. Google opened its first self-owned and directly operated data centre in The Dalles in 2006 and has since expanded its presence. These data centres power Google Cloud, AI innovations and other digital products and services that people and organisations use every day, such as Search, Maps and Workspace. The project involves an investment of nearly €170 million (£140M) in north-central Oregon. Construction will employ 150 people, most of them unionised workers in Oregon. Avangrid has been part of the Gilliam County community for more than 15 years. The project is expected to generate approximately €17 million ($20M) in taxes over its lifetime, which will support a variety of public services, particularly in education. This includes a Strategic Investment Programme (SIP) agreement with Gilliam County that will provide Local Improvement Payments totalling €2.3 million ($2.8M) over the next decade. ‘Leaning Juniper IIB’ is a wind energy facility built in 2010. It has paid approximately €12.7 million ($15M) in property taxes since it began operating. Through Avangrid's community sponsorship programme, ‘Leaning Juniper II’ has also contributed to local libraries, preschools and fire departments. Avangrid owns and operates approximately 2.5GW of energy generation capacity in Oregon. The company employs approximately 375 people in the state, supporting operations both on the ground and from its corporate office in Portland. You can read the full story at the Avangrid Press Room . READ MORE
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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
