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21/04/2025 - 14:12 UTC +02:00Avangrid progesses with its projects in the United States Iberdrola, through its subsidiary Avangrid , has started commercial operation of its True North Solar photovoltaic plant and has begun exporting energy to the grid with its Camino and Powell Creek solar farms in the United States. The company is taking another step forward in its strategy of investing in renewable technologies, making the supply of reliable energy to the grid possible in the countries where it is present and helping them to move towards energy independence, driving their economies. With more than 488,000 solar panels and 321 MW, True North Solar is capable of supplying nearly 60,000 US families, equivalent to a city like Newcastle, making it the company's largest photovoltaic project in the United States and positioning Texas as the leading state in renewable energy production. The project involved an investment of $369 M (more than €340 M at current exchange rates), and has created 300 jobs during its construction peak, most of them filled by local residents. For its part, with 105,000 panels, Camino Solar, located in California, will enter commercial operation at the end of this spring, providing access to clean energy to 14,000 homes, equivalent to the population of Portland, Maine. The park has involved an investment of €100 M (more than €90 M) and the creation of 100 jobs, almost all of them local. Powell Creek in Ohio, with 300,000 panels and 200 MW, it is capable of supplying reliable, local energy to 30,000 homes, which is a population close to that of Flint, Michigan. This is the company's second project in the state, after building Blue Creek in 2012, which, with 304 MW, now generates enough energy for around 76,000 homes a year. To carry out these developments, Avangrid has relied on US companies during their construction, contributing to the economic growth of the country. In addition, Camino Solar has brought in $15 M in state taxes (about €14 M), Powell Creek $31 M (more than €27 M) and True North Solar more than $40 M (more than €37 M) directly benefiting public services and their surrounding communities, especially schools. True North Solar has contributed to the purchase of STEM (Science, Technology, Engineering and Mathematics) education and learning materials, materials for teachers, buses for students, upgraded sports facilities for school children and the wider community, helping to improve local wellbeing. Texas, leader in renewables in the United States Avangrid has been operating in Texas for more than 15 years and, with True North's production, the company now has seven projects and a combined installed capacity of almost 1.6 GW. Together, the company's projects have provided the southern US state with direct investment of $2 B (more than €1.85 B), 65 full-time jobs and $118 M (nearly €110 M) in taxes since 2009, helping to improve public services for its residents. True North feeds electricity into the Texas grid and supports the operations of Meta, with which the company signed a long-term power purchase agreement (PPA). In addition, True North Solar will also supply power to Meta's upcoming data centre in Temple, Texas. According to a recent US Department of Energy report, data centres could increase the country's energy consumption by 12% by 2028, which is three times 2024 levels. Projects like True North Solar are critical to support this growth in demand while ensuring that local communities have locally produced, clean and reliable power for their homes and businesses. READ MORE
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16/04/2025 - 13:17 UTC +02:00ScottishPower awards HSM Offshore Energy the construction of the substation for its East Anglia Two offshore wind farm ScottishPower Renewables, Iberdrola's renewable subsidiary in the UK , has awarded HSM Offshore Energy a contract for the engineering, procurement, construction, installation and commissioning of the offshore substation for its East Anglia Two wind farm in North Sea waters and the jacket foundation on which it will be placed. The high-voltage offshore substation will weigh around 5,100 tonnes and its jacket foundation will weigh another 3,700 tonnes. Its job will be to collect the electricity generated by the wind turbines, transform the voltage and carry it on submarine cables to the onshore transmission grid. Construction is expected to start in the fourth quarter of 2025, with the jacket foundation ready for installation in the third quarter of 2027 and the top of the substation by the end of 2027. The 960 MW East Anglia Two offshore wind farm will be located in the southern North Sea, approximately 33 km off the Suffolk coast at its closest point to Southwold and 37 km from Lowestoft, where ScottishPower has its offshore wind operations and maintenance base. When operational, it will produce enough clean energy to power the equivalent of almost one million homes. You can read the full article at ScottishPower Renewables Press Room. { "@context": "https://schema.org", "@type": "NewsArticle", "headline":"ScottishPower awards HSM Offshore Energy the construction of the substation for its East Anglia Two offshore wind farm", "description": "ScottishPower Renewables, Iberdrola's renewable energy subsidiary in the UK, has awarded HSM Offshore Energy a contract for the engineering, procurement, construction, installation and commissioning of the offshore substation for its East Anglia Two wind farm in the North Sea, and the jacket foundation on which it will be placed", "image": "https://www.iberdrola.com/documents/20125/5138487/scottish-power-offshore-energy-726x484.jpg", "datePublished": "2025-04-16T13:17:00+01:00", "dateModified": "2025-04-16T17:09:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/scottishpower-awards-hsm-offshore-energy-construction-east-anglia-two-offshore-wind-farm", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
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15/04/2025 - 12:05 UTC +02:00Avangrid Uses Generative AI to Support Field Technicians at Its Wind Farms in the United States Avangrid, the US subsidiary of Iberdrola , has begun deploying a solution built to transform field operations at its wind farms. First Time Right Autopilot puts generative artificial intelligence (AI) into the hands of field technicians to help them quickly identify and resolve any issues detected in the operation of wind turbines. This tool is integrated into the mobile devices of field technicians and can be activated via voice or text. First Time Right Autopilot gathers relevant information to define the nature and scope of the issue before providing the technician with detailed instructions, supplemented with relevant documentation or instructional videos. The solution enables rapid detection and resolution of incidents at operational facilities, as well as speeding up decision-making and solution deployment. In this way, downtime is reduced, and operational efficiency is improved. The tool was created using Amazon Bedrock, a service from Amazon Web Services that offers a choice of high-performing foundation models from leading AI companies. You can read the full article at the Avangrid Newsroom . { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Avangrid Uses Generative AI to Support Field Technicians at Its Wind Farms in the United States", "description": "Avangrid, the US subsidiary of Iberdrola, has begun deploying a solution built to transform field operations at its wind farms", "image": "https://www.iberdrola.com/documents/20125/5134720/parque-eolico-karanka-726x484.jpg", "datePublished": "2025-04-15T12:05:00+01:00", "dateModified": "2025-04-15T13:00:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/avangrid-generative-ai-support-wind-farms-in-united-states", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
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14/04/2025 - 11:54 UTC +02:00EIB and Iberdrola sign two loans totalling €108 million for investments in energy storage infrastructure in Extremadura The European Investment Bank (EIB) has signed two green loans with Iberdrola totalling €108 million – a €50 million loan using own funds and a €58 million loan with funds from the Regional Resilience Fund (FRA). The operation aims to improve the pumping capacity of the Valdecañas hydroelectric complex, which encompasses the Torrejón and the Valdecañas power plants. The complex will help to secure energy supply and create storage capacity enabling the integration and management of renewable energy. The Valdecañas plant will have a total installed capacity of 225 MW, a 15 MW hybrid battery and 7.5 MWh of stored energy. Together, the battery and hydroelectric units will make it possible to increase the added pumping capacity to a maximum of 313 MW, and the storage capacity of the Tajo system to 210 GWh. The works to improve pumping capacity will make use of the existing installations in the Valdecañas and Torrejón-Tajo reservoirs – without changes to the levels of operation – and the existing transport networks, thus reducing the impact on the environment. Once up and running, the complex will help to reduce CO2 emissions. In addition, the improvement works will directly create 165 jobs and a further 500 indirectly, boosting skilled employment. The total investment will take place in a cohesion region, an area where the per capita income is below the EU average. In this way, the project will contribute to climate action and territorial, economic and social cohesion – two of the eight priorities set out in the Group’s Strategic Roadmap for the years 2024-2027. Having received funding from the Regional Resilience Fund, the project is also in line with the objectives of Spain's Recovery, Transformation and Resilience Plan. The Regional Resilience Fund directs funding from the NextGenerationEU programme to boost investment in Spain autonomous communities, predominantly for environmental and social projects. The fund is led by the Ministry of Economy, Trade and Enterprise and is supported by the autonomous communities and cities and the Spanish Federation of Municipalities and Provinces (FEMP), with the EIB Group as a strategic management partner. This operation is in line with the EIB’s action plan to support the REPowerEU initiative to improve energy security in the European Union and to reduce dependence on fossil fuel imports. How the Valdecañas pumped-storage hydroelectric complex works Reversible pumping plants, such as those in the Valdecañas hydroelectric complex, make it possible to use and generate electricity quickly, allowing for better management of the consumption and demand curve, and stabilising the electricity grid. The upper reservoir – which feeds the plant – acts like a storage system that is charged with the water’s potential energy. Energy can then be stored when excess energy is generated from other non-dispatchable energy sources, and can subsequently be recovered when needed. It operates like a closed circuit between the upper and lower reservoir, which does not just consume water, but also reuses it. This system, which is independent of precipitation and water resources, has a long service life and can provide wide-reaching reinforcement to the electricity grid. Background information EIB The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by the Member States. Built around eight core priorities, it finances investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. The EIB Group, which also includes the European Investment Fund (EIF) , signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security. All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in its Climate Bank Roadmap . Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment. In Spain, the EIB Group signed €12.3 billion of new financing for more than 100 high-impact projects in 2024, helping power the country’s green and digital transition and promote economic growth, competitiveness and better services for its people. High-quality, up-to-date photos of EIB headquarters for media use are available here. About the Regional Resilience Fund The Regional Resilience Fund was created to facilitate access to NextGenerationEU loans from the Spanish Recovery, Transformation and Resilience Plan for the autonomous communities, with the aim of boosting investments and developing projects in eight priority areas: social and affordable housing; urban renewal; transport and sustainable tourism; the energy transition; water and waste management; the care economy; research, development and innovation; and the competitiveness of industry and SMEs. The fund is led by the Ministry of Economy, Trade and Enterprise, which relies on the autonomous communities and cities to perform project selection and on the EIB Group as a strategic management partner. About Iberdrola’s storage strategy Storage systems are key to tackling challenges associated with electrification and are set to become an essential component of electricity grids, making it possible to improve electricity supply, ensure that the grid is stable and reliable, and integrate and make full use of energy generated from renewable sources. That is why Iberdrola, a pioneer in the energy transition, is committed to using hydroelectric pumping technology to facilitate energy storage. It is a leader in this area, with over 4 000 MW of installed capacity, having undertaken projects in Tâmega, Portugal and Cortes-La Muela in Valencia, which, with a pumping capacity of 1 293 MW, is the largest installation of this kind in Europe. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "El BEI e Iberdrola firman dos préstamos por un total de 108 millones de euros para inversiones en infraestructuras de almacenamiento de energía en Extremadura", "description": "These loans will finance works to improve the Valdecañas pumped-storage hydroelectric complex in Cáceres to secure energy supply and to integrate renewables.", "image": "https://www.iberdrola.com/documents/20125/5132354/prestamo-bei-180-millones-726x484.jpg", "datePublished": "2025-04-14T11:54:00+01:00", "dateModified": "2025-04-14T15:00:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/eib-berdrola-sign-two-loans-108-million-energy-storage-infrastructure-extremadura", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
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11/04/2025 - 18:00 UTC +02:00Iberdrola breaks its quarterly record for distributed energy due to increased demand and electrification of the economy Iberdrola beat its historical figures for electricity distributed through its networks in one quarter with 62,577 GWh, 1.7% more than in the same period of 2024, as reported to the National Securities Market Commission (CNMV). This good operational performance of the networks business is based on the increase in electricity demand in all the areas where the company carries out this activity - such as Spain, the United Kingdom, the United States and Brazil - and, likewise, on the greater electrification of the economy. The company has reached 25,222 GWh of renewable generation during the first three months of the year, 4.9% more than in the same period of the previous year. By country, the increases in production in Brazil (+24.6%) and the United States (+8.3%) stand out. Spain has once again reached maximum levels of generation in the first part of the year, exceeding 10,737 GWh of renewable energy, which represents an increase of 2.4%. Iberdrola has installed more than 2,511 MW of renewable energy in the last twelve months, 5.4% more than in the same period last year. In this way, the group's total renewable capacity stands at 44,675 MW. Of particular note is the commissioning of the emblematic Saint Brieuc offshore wind project in Brittany (496 MW). Commitment to electrification These quarterly energy data confirm Iberdrola's commitment to the electrification of the economy, energy self-sufficiency, security of supply and the transformation of the energy sector, all thanks to the investments made, which exceed 160,000 million euros, in the last twenty-five years. Europe's leading electricity company by market capitalisation generates 100% emission-free energy in countries such as the United Kingdom, Brazil, France, Italy, Germany, Poland, Portugal and Greece. Emission-free production reaches 92% in Spain. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola breaks its quarterly record for distributed energy due to increased demand and electrification of the economy", "description": "The company reached 62,577 GWh distributed in the first three months of 2025 and grew in all the geographies where it carries out its electricity grid activity", "image": "https://www.iberdrola.com/documents/20125/5129810/redes-electricas-cielo-azul-726x484.jpg", "datePublished": "2025-04-11T18:00:00+01:00", "dateModified": "2025-04-11T10:00:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-breaks-its-quarterly-record-for-distributed-energy-due-to-increased-demand-and-electrification-of-the-economy", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
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10/04/2025 - 14:43 UTC +02:00Iberdrola holds an engagement day with its shareholders at its Madrid Campus Iberdrola today continued its round of meetings with shareholders in Spain with a meeting at its Innovation and Training Campus in San Agustín del Guadalix (Madrid). The meeting’s purpose was to encourage permanent, fluid and close dialogue with its investors, who are the foundation of the company's strategy. During the meeting, the shareholders had the opportunity to see the company's businesses first-hand with various workshops that brought them closer to Iberdrola's day-to-day business. They learned first-hand about the advances in grid digitalisation, the development of the renewable business, all the smart solutions for the home, such as aerothermal energy, self-consumption and electric vehicle charging points. 365 engagement and participation policy This initiative is part of the shareholder engagement policy approved by the Board of Directors 10 years ago and reflected in the By-Laws, with a special focus on small investors. Iberdrola has once again launched a space for shareholder engagement. The new space reinforces and promotes the participation of its shareholders through different channels 365 days a year. The page includes Iberdrola's main communication channels and contact to inform shareholders and listen to them, encouraging their participation at the General Shareholders' Meeting as well as at other events and meetings. Iberdrola was a pioneer in introducing this strategy in the company’s management, which seeks to involve all of its stakeholders in its business project by promoting transparency, active listening and effective disclosure of its activities. Shareholders can keep in touch with the company 24 hours a day, 7 days a week, 365 days a year through the OLA Shareholder Club. Registration with OLA can be done through its https://www.iberdrola.com/shareholders-investors/shareholders/shareholders-club. Iberdrola was one of the first listed companies to offer its investors a Shareholders' Club to promote this permanent relationship channel and to reward everyone who has shown their support and trust in the company's performance with exclusive advantages. Over the years, this initiative has been consolidated as best practice by the rest of the large listed companies on the Spanish stock exchange. The electricity company also has other means of communication with its investors, like calling the free telephone number 900 10 00 19, by post (Oficina del Accionista, c/ Tomás Redondo, n.º 1, 28033 Madrid) or by e-mail (accionistas@iberdrola.com). Shareholders need only provide their full name and ID card number. 2024, a historic year These meetings are taking place at a historic moment for the company. In 2024, Iberdrola posted record figures for results, dividends, social security contributions and stock market capitalisation. And it has consolidated its position as one of the two largest electric utilities in the world by market capitalisation, after exceeding €100 B in stock market value in the last week for the first time in its history. The first meeting was held on 28 January in Valencia, where Eva Mancera, CEO of i-DE, the Iberdrola Group’s distribution company, and Guillermo Raga, director of i-DE in the Eastern Region, explained the il.lumina plan to more than fifty Valencian shareholders, in which Iberdrola will invest €100 M to redesign the electricity distribution grid damaged by the cold drop of 29 October. The round of meetings continued in Bilbao on 24 March with an appointment at Torre Iberdrola. Ignacio Cuenca, Iberdrola's Director of Investor Relations, met with shareholders to present the company's balance sheet for the past year and the outlines of its future strategy. Dividend, key to the strategy Iberdrola is fully committed to its shareholders and dividends are considered a key element. The company has proposed paying a gross dividend of €0.635 per share against the 2024 financial year, reaching the target set for 2026 and 15% more than the €0.553 per share paid out against the 2023 financial year. The participation dividend will be added to this amount once approved at the General Shareholders' Meeting and if the quorum for participation is reached. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola holds a day of engagement with its shareholders at the Campus in Madrid", "description": "The company is continuing its series of meetings with shareholders, in which hundreds of people from all over Spain have already participated.", "image": "https://www.iberdrola.com/documents/20125/5127054/encuentro-accionistas-10-abril-726x484.jpg", "datePublished": "2025-04-10T14:33:00+01:00", "dateModified": "2025-04-10T16:51:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-holds-a-day-of-engagement-with-its-shareholders-at-the-campus-in-madrid", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
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09/04/2025 - 15:00 UTC +02:00Adelaide Airport triples capacity of its self-consumption system thanks to Iberdrola Australia Iberdrola Australia , Iberdrola's international business company in Australia, has finished setting up more than 3,800 solar panels on the rooftops of Adelaide Airport's domestic and international terminal, almost tripling its previous self-consumption capacity. All of Adelaide Airport's electricity already comes from renewable sources, combining solar-powered systems at the complex itself and Iberdrola's wind farms at Lake Bonney in South Australia. The new 2.3 MW solar self-consumption system now generates approximately 3,282 MWh of energy a year, bringing the airport's total capacity to 3.5 MWp, enough to supply around 1,000 households. With this project, Iberdrola Australia has contributed to a significant increase in solar production at the airport, which previously had a farm on the roof of the multi-storey car park and a smaller one on the roof of one of its terminals, with a combined output of 1.28 MW. In December 2024, Adelaide Airport became the first major airport in Australia to achieve carbon neutrality. The main airport in South Australia's capital city, it is the fifth busiest down under. It handles more than 8 M passengers a year. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Adelaide Airport triples capacity of its self-consumption system thanks to Iberdrola Australia", "description": "Iberdrola Australia has completed the installation of more than 3,800 solar panels on the rooftops of Adelaide Airport's domestic and international terminal.", "image": "https://www.iberdrola.com/documents/20125/5125434/250309-aeropuerto-adelaida-726x484.jpg", "datePublished": "2025-04-09T09:15:00+01:00", "dateModified": "2025-04-09T10:15:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/sala-comunicacion/noticias/detalle/aeropuerto-adelaida-triplica-capacidad-sistema-autoconsumo-gracias-iberdrola-australia", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
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09/04/2025 - 11:31 UTC +02:00Iberdrola España launches ATuAire to boost aerothermal energy with solutions to electrify heating and hot water Iberdrola España , the Spanish subsidiary of the Iberdrola Group, reinforces its commitment to the electrification of heat and launches ATuAire, a company specialising in aerothermal energy in Spain , which aims to spearhead and facilitate access to this energy solution to reduce dependence on fossil fuels, helping to improve air quality and reduce dependence on foreign sources of energy. Heat accounts for 41% of final energy consumption in Spain. The European directive on buildings’ energy performance requires all new buildings, both public and private, to be zero-emissions by 2030, extending this requirement to all buildings, both new and existing, by 2050. Aerothermal energy is a heat pump that uses the energy from the outside air to produce heating in winter, cooling in summer, and hot water all year round. This sustainable technology is four times more efficient than a conventional fossil fuel boiler and helps the environment by reducing CO2 emissions. The new company, focused on the tertiary, industrial and residential community sector, designs turnkey customised solutions combining the most efficient technologies with each client’s specific needs. ATuAire also offers the possibility of increasing savings from the installation of aerothermal energy by combining it with the thermal insulation of façades and roofs, which reduces energy consumption and increases residents’ feeling of comfort, and with own producing and consuming solar, a solution that also increases independence from fossil fuels as it allows 100% renewable energy to be consumed close to the source. You can read the full story at Iberdrola España’s Communication Room. { "@context": "https://schema.org", "@type": "NewsArticle", "headline": "Iberdrola España launches ATuAire to boost aerothermal energy with solutions to electrify heating and hot water", "description": "Iberdrola España, the Spanish subsidiary of the Iberdrola Group, reinforces its commitment to the electrification of heat and launches ATuAire, a company specialising in aerothermal energy in Spain,", "image": "https://www.iberdrola.com/documents/20125/5124332/nota-a-tu-aire-726x484.jpg", "datePublished": "2025-04-09T11:30:00+01:00", "dateModified": "2025-04-09T13:47:00+01:00", "mainEntityOfPage": "https://www.iberdrola.com/press-room/news/detail/iberdrola-espana-launches-atuaire-boost-aerothermal-energy-solutions-electrify-heating-hot-water", "publisher": { "@type": "Organization", "name": "Iberdrola", "logo": { "@type": "ImageObject", "url": "https://www.iberdrola.com/documents/20125/4419331/Logo1-iberdrola-363x205.jpg" } } } READ MORE
