News
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15/10/2025 - 13:08 UTC +02:00Iberdrola strengthens its presence in Australia with the purchase of the Tungkillo battery storage project Iberdrola has acquired the Tungkillo battery storage project, located in South Australia, from the RES Australia group, which will involve an investment of 275 million euros. This infrastructure, which will have 270 MW and a storage capacity of 1,080 MWh, has all the key approvals and very advanced connection rights, in addition to the land already secured. Its entry into operation is expected in 2028. The Australian system requires a significant increase in battery storage capacity to integrate the new renewable capacity and bring flexibility to the system. The location of the Tungkillo project, in the south of the country, is optimal for providing this service. In the case of Iberdrola Australia , the storage systems provide backup capacity for its portfolio of energy sales contracts to customers. The company has two other projects under construction, Smithfield (in New South Wales) and Broadsound (in the state of Queensland), which will come into operation in 2026. Investment in line with the 2025-28 Plan The acquisition of the Tungkillo battery system is fully consistent with the Group's recently presented 2025-28 plan , which foresees total investments of more than €1 billion in Australia, a country with a AAA credit rating, mainly in battery development. The plan foresees a total investment of 58,000 million euros, an amount that will be allocated 85% to countries with an A rating equipped with stable, predictable and attractive regulatory frameworks. The United Kingdom will be the main destination for investment, with 20,000 million euros, followed by the United States, with 16,000 million, the Iberian Peninsula, with 9,000 million euros, Brazil, with 7,000 million euros and other EU countries and Australia, with 5,000 million. READ MORE
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14/10/2025 - 13:35 UTC +02:00The Alto Paranaíba transmission project in Brazil enters its final phase Neoenergia is entering the final phase of the major Alto Paranaíba project, one of Brazil’s largest electricity transmission initiatives, which crosses the states of Minas Gerais and São Paulo. The company has completed all the foundations and erected 99 % of the towers, with 3,217 structures erected out of the 3,244 planned. Completing the foundations in an initiative of this magnitude is a significant achievement that demonstrates the soundness of the planning and the dedication of the teams on the ground. The foundation process – essential to ensuring the stability, safety and strength of the infrastructure for decades to come – involves deep excavations, high-precision concreting and the installation of fittings capable of supporting tonnes of metal structure for each of the towers, adapting the work to the different types of soil along the route. Cable laying is also progressing at a good pace, with 78 % of the work completed, representing 1,226 kilometres of the planned 1,573 kilometres. In total, the construction project is now 93 % complete. Neoenergia expects to complete all the work necessary for the commissioning of this infrastructure, which is essential for Brazil’s energy future, by the end of this year. Alto Paranaíba will contribute to the security and reliability of Brazil’s National Interconnected System. The project, awarded to Neoenergia in the National Electric Energy Agency (ANEEL) transmission auction No. 01/2022, will increase the capacity of the grid between the northern region of Minas Gerais and São Paulo and the transmission of energy generated in the interior of the country. READ MORE
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14/10/2025 - 11:30 UTC +02:00ScottishPower Renewables completes first onshore apprentices course ScottishPower Renewables, Iberdrola Group’s renewable energy subsidiary in the United Kingdom , celebrated the graduation of its first cohort of its vocational training course for onshore wind turbine technicians, demonstrating its commitment to people. The four-year programme begins with three months at university, followed by six months of intensive training at the ScottishPower training centre, and then in-the-field practical experience. These apprenticeship programmes are designed to provide young people with the tools, experience and support they need to grow in the power industry . It’s about building careers, shaping futures and creating a workforce ready to lead the transition to net zero. You can read the full story at the ScottishPower Renewables Press Room. READ MORE
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10/10/2025 - 09:58 UTC +02:00Green light for ScottishPower Energy Networks’ new electricity substation in Redshaw ScottishPower Energy Networks, Iberdrola’s distribution company in the United Kingdom , has received approval to build a new electricity substation in Redshaw, South Lanarkshire. This project will increase capacity and strengthen the transmission network , supporting the delivery of clean, renewable energy to homes, schools and businesses. Scotland’s electricity transmission network was originally built in the 1920s and, although it has evolved over time, the network in the south is now close to reaching its maximum capacity. In addition, around 2 GW of new renewable energy is expected to be connected to the network in this area soon. Construction work is due to begin later this year, with the aim of completing the project by 2031. You can read the full story in the ScottishPower Energy Networks Media Room. READ MORE
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08/10/2025 - 10:32 UTC +02:00ScottishPower drives electric vehicle network in Scottish Highlands ScottishPower, the Iberdrola Group’s British subsidiary, has joined forces with the Highland and Islands Transport Association (HITRANS) to expand the use of electric vehicles throughout the region. ScottishPower will manage the electric vehicle network in Argyll and Bute, the Western Isles, Orkney and Shetland. It also aims to improve the service to help HITRANS and local councils build a more reliable and user-focused network , particularly in rural areas and on the islands. You can read the full story at the ScottishPower Press Room. READ MORE
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07/10/2025Ignacio Galán and Iberdrola, recognised as Best First Executive and Best European Energy Company at the Extel Europe Awards Iberdrola’s Executive Chairman , Ignacio Galán, has been recognised as the Best First Executive of European utilities at the prestigious Extel Europe & Emerging EMEA Equities Awards 2025. This recognition joins the other six awards that the company has received: Best Investor Relations Team of all energy companies; Best CFO; Best Board of Directors; Best ESG Program; Best Investor Relations Program; and Best Capital Markets Day, in the utilities sector. These awards consolidate Iberdrola, the leading European electricity company by market capitalisation and one of the two largest in the world, as a leader in transparency, financial communication and commitment to its shareholders , and endorse its excellence in business management. Since the presentation of the Strategic Plan on September 24, Iberdrola has increased its capitalization by more than €3 billion, surpassing €108 billion and reaching an all-time high. The awards from Extel, a firm specialising in investor relations analysis, are based on independent surveys of 110 investment and research firms, with the participation of 156 industry professionals, including financial analysts, fund managers and portfolio managers. The award ceremony was held in London and brought together more than 250 experts from the financial field. Presentation of the Strategic Plan 2025-2028 in London The Group recently held its Capital Markets Day in London, where it presented its 2025-2028 Strategic Plan to the financial and investment community. This plan aims to transform Iberdrola's profile towards a more regulated company, with networks as a vector for growth. Iberdrola announced investments of 58 billion euros during the period to promote the electrification of the economy and the new needs of electricity grids. Of that amount, two-thirds will go to transmission and distribution networks, mainly in the United Kingdom and the United States. With more than 150 years of experience, Extel – originally founded as Exchange Telegraph Company – has established itself as a recognized authority in investor relations analysis. Its rankings, based on the Extel Surveys, stand out for their objectivity and methodological rigor, and constitute a key tool to improve performance and guide strategic decision-making in organizations. READ MORE
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07/10/2025 - 10:32 UTC +02:00Avangrid recognised in Forbes' America's Best Employers for Women 2025 ranking Avangrid, the US subsidiary of the Iberdrola Group , has been included on Forbes list of Best Employers for Women in the US in 2025. This prestigious recognition, presented in partnership with Statista, highlights Avangrid's commitment to inclusion, equity and the empowerment of women at all levels. Avangrid is committed to providing a safe and healthy working environment and has integrated a culture of safety as a priority into all its operations. This focus on safety, inclusion and respect drives high employee satisfaction and strengthens the company's ability to deliver reliable service to millions of customers every day. You can read the full story in Avangrid's Media Room. READ MORE
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06/10/2025Ignacio Galán with Spanish race walker María Pérez in Bilbao after her two gold medals at the World Athletics Championships in Tokyo The chairman of Iberdrola, Ignacio Galán, welcomed María Pérez to Torre Iberdrola, the company's headquarters in Bilbao, today to congratulate her in person on making history at the 2025 World Athletics Championships in Tokyo. The race walker won two new gold medals in the 20 and 35 kilometre race walking events, a milestone she had already achieved at the 2023 World Championships in Budapest. With her four world titles — an unprecedented achievement in Spanish athletics, both male and female — the Granada native has established herself as the best Spanish athlete of all time, both for her track record and her impact on the history of Spanish sport. María is part of the Iberdrola Ambassadors programme, made up of 35 athletes and role models who promote female representation and leadership in sport and whom the company seeks to give as much exposure as possible in the media and on social networks. Ignacio Galán congratulated her on behalf of all the company's employees, saying ‘We feel immense pride and admiration for athletes like María, who through their hard work, sacrifice and commitment represent the best of Spanish sport. Her example inspires thousands of people and shows that talent, when accompanied by perseverance, has no limits. For Iberdrola, it is an honour to have partners like her in promoting equality for and representation of women in sport. Her success in Tokyo is a triumph for all of us for the values we share: self-improvement, teamwork and passion for what we do.’ The race walker said ‘I’d like to thank Iberdrola for its unconditional support, which has been essential in my career, and also for its commitment to women's sport. It’s an honour for me to be an ambassador for this great project. Being part of the Jury of Honour for the Iberdrola Supera Awards is another step forward in this relationship, at a very special time for Spanish sports. I’m proud to share values that promote talent and representation for women in sport’. Two decades promoting equality through women's sport in Spain Since 2016, Iberdrola has been the main promoter of women's sport. Today it supports 35 national federations through its sponsorship and lends its name to more than 100 competitions. Thanks to its commitment over the last nine years, the number of female members of these federations has increased by more than 80% to nearly 820,000. Every year, the Group presents the Iberdrola Supera Awards to recognise and raise awareness about the best projects launched in Spain to promote gender equality through sport. These awards, with top prizes of €50,000, select projects in the categories of Supera Base, Supera Competición, Supera Inclusión, Supera Social, Supera Difusión and Supera Impulso Rural. The electricity company's support also extends to paralympic sport. Since its creation in 2005, it has worked with the Spanish Paralympic Committee's (CPE) paralympic sport support plan (or ADOP) to provide our athletes with the best conditions to carry out their preparation and participate in all competitions with a guarantee of success. Likewise, Iberdrola, through its Foundation in Spain and together with the CPE, offers paralympic athletes who are beneficiaries of the ADOP plan scholarships for university and postgraduate training. This partnerships agreement aims to facilitate the professional training of athletes for their future integration into the labour market once their careers are over. The company is also one of the partners in the Women’s Universe programme, a comprehensive initiative for the development and advancement of women in society that carries out activities that contribute to social transformation through the values of women's sport. READ MORE
