News
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30/04/2025 - 08:33 UTC +02:00Record investments of €17.3 billion in the last 12 months boost our profit in the Q1 to more than €2 billion Commenting on the results, Ignacio Galán, Executive Chairman of Iberdrola, said: “Our focus on regulated networks and selective investment in renewables in A-rated markets has continued to contribute to sustained growth in results and dividends ". READ MORE
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25/04/2025 - 13:33 UTC +02:00Record-breaking monopile installation sets a solid foundation for ScottishPower’s biggest-ever offshore windfarm The offshore construction programme for ScottishPower’s biggest-ever renewables project is officially underway with the installation of the first foundation for the green energy company’s £4 billion East Anglia THREE offshore windfarm. Standing at 83.89m tall, 10.6m in diameter and weighing 1,800 tonnes, the monopile also represents a new offshore wind industry record – becoming the largest installed to date from a jack-up vessel in Europe. Charlie Jordan, ScottishPower Renewables CEO, said: “The installation of our first East Anglia THREE foundation is a real wow moment for both ScottishPower and Iberdrola. It represents a mammoth feat of engineering, skill and a huge amount of work. We’re talking an incredible 1800 tonnes of steel, safely and securely lifted and then precisely placed in the exact spot in an area the size of almost 43,000 football pitches. We’ve never built anything of this scale before! “East Anglia THREE will be the biggest-ever windfarm across the whole of the Iberdrola group and the second largest in the world when it comes into operation. To visibly see it starting to take shape in the North Sea is a real milestone moment and definitely something to be proud of. This project is a fantastic example of how we’re generating more secure, green electricity for the UK; investing in the country’s clean energy future; and supporting jobs and opportunities for decades to come.” The monopile – manufactured by Joint Venture Navantia Seanergies Windar Renovables (JVNW) – was installed by the Seaway Ventus jack-up installation vessel. It is the first of 95 monopiles being manufactured for the 1.4GW windfarm – the biggest in the ScottishPower and Iberdrola portfolios. JVNW is fabricating 45 of the 95 foundations for the project, with the remaining 50 being manufactured by Haizea. Each of the 95 monopiles will be between 67 and 85 metres in length, up to 10.6 metres in diameter and weigh between 1200 and 1800 tonnes. They will support 95 14.7MW Siemens Gamesa turbines that will generate a total of 1400MW of clean energy – enough to power the equivalent of more than 1.3 million homes. The first of the 95 transition pieces – produced by Windar Renovables – has also been installed, with each 20 metres in height, 8 metres in diameter and weighing more than 400 tonnes. Seaway7 is installing all of the East Anglia THREE monopiles and transition pieces. To achieve this, the Seaway Ventus jack-up vessel has been fitted with a custom-built mission equipment spread that was designed, fabricated, and installed in under two years to meet the project schedule and performance requirements. Lloyd Duthie, Seaway7 Vice President UK, Ireland & Asia, said, “We are proud to have successfully installed the first foundation for East Anglia Three. This achievement comes after two years of preparation, resulting in Seaway Ventus installing the largest monopile from a jack-up vessel in Europe. It really is testament to the scale of engineering that can be achieved together with partners across the supply chain. We look forward to progressing this significant multi-year constructionproject, encompassing foundation and inner-array cable installation, with ScottishPower Renewables to deliver a substantial contribution to the UK's renewable energy ambitions.” The installation of all 95 turbines is expected to be completed by early 2026. READ MORE
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25/04/2025 - 10:54 UTC +02:00ScottishPower contracts three new vessels to build East Anglia Three ScottishPower Renewables, the Iberdrola Group’s renewable subsidiary in the UK , has signed agreements worth almost €19 M with two Norfolk-based maritime companies, NR Marine Services and OEG, to supply three vessels to support construction of its East Anglia Three offshore wind farm in British North Sea waters. The three new vessels will operate from the port of Lowestoft, located in the coastal region of East Anglia, where ScottishPower is developing some of biggest offshore wind projects in the world and where the company has an important offshore operations and maintenance base. NR Marine Services will provide two crew transport vessels, the NR Rebellion and the NR Hunter. OEG will provide the support vessel Tess for surveillance operations. Thanks to its design and capabilities, it can remain at sea for longer periods, making it the perfect choice for East Anglia Three. You can read the full story at the ScottishPower Renewables Press Room READ MORE
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24/04/2025 - 13:53 UTC +02:00Ignacio Galán at IEA Summit on the Future of Energy Security: “Electrification is unstoppable, and electrification means security.” Iberdrola Executive Chairman Ignacio Galán today joined UK Prime Minister Rt Hon Keir Starmer MP and European Commission President Ursula von der Leyen at the International Energy Agency (IEA) Summit on the Future of Energy Security, hosted by the UK Government in London. The landmark Summit, jointly sponsored by Iberdrola and its UK company ScottishPower, convened government and industry leaders from over 60 countries to advance action to map and shape the future of energy security. Co-hosted by Rt Hon Ed Miliband MP, Secretary of State for Energy Security and Net Zero, United Kingdom and Dr Fatih Birol, IEA Executive Director, the Summit focused on progressing the development of a new draft framework for energy security to address the challenges the world faces. Speaking in the opening Plenary Session, Mr Galán said that the continued focus on electrification was critical to delivering energy security globally. Iberdrola, as one of the two largest electricity utilities in the world and the largest in Europe, will continue to play its part in supporting governments to deliver on that for their people. He said: “My message is very clear: electrification is unstoppable, and electrification means energy security. With global electricity demand set to double by 2050, investment in networks, both transmission and distribution, generation and storage is more urgent than ever. “To achieve a clean, secure and competitive energy source, countries require strong energy policies, attractive returns, faster permitting processes and the rationalization of energy taxation. Creating these conditions will be key to attracting investment and reducing volatility and dependence.” Iberdrola’s role in the Summit demonstrates an ongoing commitment to delivering clean energy and energy security in the UK and around the world. Iberdrola is the largest utility in Europe, with a market capitalization of £85 billion, and serves 100 million people worldwide thanks to a diversified portfolio of businesses across the electricity value chain in the UK, the US, Spain, France, Germany, Brazil and Australia. In the UK , Iberdrola is investing £24 billion up to 2028 through ScottishPower, mainly in transmission and distribution networks and offshore wind. Overall, the Group is dedicating around 70% of its investments to power networks to accelerate electrification as a way to increase energy security and competitiveness, create new industries and jobs, and improve sustainability. Around two thirds of Iberdrola’s global investments are allocated to the UK and to the US. READ MORE
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24/04/2025 - 08:00 UTC +02:00Iberdrola and Kansai close their offshore wind alliance with the investment of 1,280 million euros in the Baltic Sea Iberdrola has closed a strategic agreement with Kansai, Japan's second largest electricity company and one of the largest in Asia, to co-invest in the 315 MW German offshore wind farm Windanker , located in the Baltic Sea. After obtaining all the necessary regulatory approvals, Iberdrola will have a majority stake of 51% in the assets and thus accelerates energy independence in Europe. According to the terms of the operation, the valuation of 100% of this wind farm amounts to around 1,280 million euros. Iberdrola will control and manage the assets, providing operation and maintenance services and other corporate services. In addition, both companies are partners in Electricity North West (ENW) , an electricity distribution company in the United Kingdom, where Iberdrola acquired 88% last October, with the remaining 12% owned by a consortium led by Kansai. Last February, Ignacio Galán, executive chairman of Iberdrola, and Toru Kuwahara, executive vice president of Kansai, announced the expansion of their strategic alliance with the aim of accelerating electrification globally. This collaboration will focus on various power grid and renewable energy projects in different countries Windanker will have 21 wind turbines with a unit capacity of 15 MW and will be operational in the last quarter of 2026. Likewise, the asset has already sold 100% of its production with long-term contracts. The policy of alliances is Iberdrola's strategy to accelerate its growth and promote the decarbonisation of the economy while maintaining its financial strength. In addition to the Kansai Agreement , the company chaired by Ignacio Galán has made the following alliances in recent months: * Iberdrola has expanded its alliance with GIC , the Singapore fund, in Brazil and has sold 50% of Itapaboana. * the sale of Maine Natural Gas for nearly 90 million dollars to the US energy company Unitil * the sale of the Baixo Iguaçu hydroelectric power plant. * the purchase of the British distributor ENW by 5,000 million. * Avangrid merger closed , following the acquisition of the 18.4% stake it did not control to strengthen the electricity grid business in the US. * the sale of more than 8,400 MW of gas-fired combined cycle plants in Mexico in February 2024 for 6,200 million dollars. * the strategic agreement with Masdar to co-invest up to 15,000 million in offshore wind and green hydrogen in Germany, the UK and the US whose first milestone was the agreement for the offshore wind farm Baltic Eagle, in Germany. * In September 2023, the company closed with GIC an alliance for the expansion of networks of transport in Brazil for 430 million euros. * Iberdrola and BP launched a joint venture in March 2023 to deploy 11,700 fast charging points in Spain and Portugal and have set up a Joint venture 50% to develop a 25 MW green hydrogen project, the largest in Spain. * In January 2023 the signing with Norges Bank of an alliance to co-invest in renewables which, after its expansion, will reach 2,500 MW. * Iberdrola and MAPFRE have continued to advance their strategic alliance by incorporating 150 new MW through a joint venture, which already has 450 MW. * In addition, Iberdrola signed an alliance with Energy Infrastructure Partners to co-invest in the Wikinger offshore wind farm and boost its offshore wind portfolio. READ MORE
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23/04/2025 - 16:43 UTC +02:00Neoenergia Sells 50% of Itabapoana Transmission Neoenergia has reached an agreement to sell 50% of its stake in the Itabapoana transmission asset to GIC. The transaction is valued at R$ 127.5 million, subject to usual adjustments until the transaction is completed. The asset will be contributed to Neoenergia Transmissão, a holding of transmission assets, which has had a 50% stake from GIC, since April 2023. At the end of the transaction, the capital structure of Neoenergia Transmission will continue to be: Neoenergia with 50% and GIC with 50%. The deal is another step in Neoenergia's asset rotation plan, which always seeks to capture the best market opportunities. It also represents the evolution of successful cooperation with GIC bringing more robustness to the group's plans for transmission investments. You can read the full story at the Neoenergia press room . READ MORE
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23/04/2025 - 13:06 UTC +02:00Avangrid extended to its power agreement with CPS Energy in the US Avangrid, Iberdrola's US subsidiary , has extended its long-term power purchase agreement (PPA) with CPS Energy, the country's largest municipal electricity and natural gas utility provider. Under the agreement, the Peñascal wind farm will add an additional 159.2 MW, doubling the contract from 160.8 MW to 320 MW. The additional energy capacity will help supply power to around 40,000 new homes. Avangrid owns and operates seven renewable facilities in Texas, including the recently completed True North Solar project in Falls County. These plants have a combined operating capacity of nearly 1.6 gigawatts (GW), capable of supplying clean energy to approximately 400,000 homes, and have contributed more than $115 M in property taxes over their lifetime. You can read the full story at the Avangrid Press Room. READ MORE
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21/04/2025 - 15:34 UTC +02:00Iberdrola España hits 1,000 solar communities in Spain Iberdrola España , Iberdrola's subsidiary in Spain, has now reached 1,000 solar communities, making self-consumption a reality for more than 100,000 families. In 2015, the company was a pioneer in offering its customers self-consumption. Since more than two-thirds of the country's population lives in high-rise buildings, in 2019, it launched solar communities, a solution that gives any neighbour located less than 2 km from an installation access 100% renewable energy. Iberdrola's solar communities allow you to enjoy all the benefits of solar energy without the need to have photovoltaic panels on your own roofs or rooftops, or to make any investment, as it is the company that is responsible for carrying out the installation and finding the best location. Of the locations with the most Iberdrola solar communities, Madrid is in first place with 170 installations, followed by the Valencian Community (148). Meanwhile, Extremadura, with more than 19,000 families, is the region in which the largest number of households can have access to self-consumption through this solution. The more than 1,000 solar communities implemented by Iberdrola save customers up to 30% on their electricity bills, which adds to the benefit of reducing dependence on fossil fuels. Each solar community will prevent the release of around 640 tonnes of CO2 into the atmosphere over the next 30 years, which improves the air quality of the places where they are installed. You can read the news in Iberdrola España's Press Room . { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola Spain reaches 1,000 solar communities in the country", "description": "Iberdrola España, Iberdrola's subsidiary in Spain, has now reached 1,000 solar communities in the country and thus facilitates access to self-consumption for more than 100,000 families.", "image": "https://www.iberdrola.com/documents/20125/5142588/Comunidad-Solar-El-Palmeral-726x484.jpg", "datePublished": "21.04.2025 - 15:34 UTC +02:00", "dateModified": "21.04.2025 - 15:34 UTC +02:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-spain-reaches-1000-solar-communities-in-the-country", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
