News
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03/10/2025 - 15:16 UTC +02:00Iberdrola holds tributes in Spain to veteran and retired employees of the company Iberdrola España has completed the series of tributes to its veteran and retired professionals at the Iberdrola Campus in San Agustín del Guadalix, following the events already held in the Valencia region, the Basque Country and Castile and León, which together accounted for around 500 recognitions. The emotional event in Madrid was attended by the Chief Executive Officer of the Iberdrola Group , Pedro Azagra, who thanked the employees for their dedication and effort throughout all these years: “The real credit is yours. Everything that Iberdrola represents today is the result of the effort, commitment and talent you have contributed over decades. Behind every achievement of this company there are families and generations who have made it possible for us to be today the second largest company in the world in the sector by market capitalisation, with projects that are benchmarks at international level. The transition from being a Spanish company to becoming a global group has only been possible thanks to the leadership of our chairman and the excellent work of so many generations.” Azagra, who also wanted to look to the future, concluded by saying: “Our duty now is to pass on that experience and sense of pride to the younger generations. I congratulate you on behalf of the chairman, the entire management team and myself. Thank you for continuing to be the pillar on which this great company stands. Let us continue to enjoy, with the same passion, the enormous project that we have built together.” The honourees were also accompanied by Iberdrola executives, including the CEO of Iberdrola España, Mario Ruiz-Tagle . READ MORE
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03/10/2025Ignacio Galán, with the King of Spain, at the 7th La Toja-Atlantic Link Forum Ignacio Galán attended the opening ceremony of the 7th La Toja-Atlantic Link Forum, inaugurated by King Felipe VI. This event, held on La Toja island, in Pontevedra (north-west Spain), is an internationally renowned gathering, conceived as a space for reflection and debate on the fundamental values of democratic societies, the challenges of the global economy and strategic changes on the international stage. Created in 2019, this forum has established itself as a benchmark for global public conversation under the guiding principle of defending values such as individual freedom, equality, human dignity and the separation of powers as well as the social market economy and social solidarity. This year’s forum has honoured the so-called 'fathers of the Spanish Constitution' – the seven men responsible for drafting the current constitutional text – in the persons of Miguel Herrero y Rodríguez de Miñón and Miquel Roca i Junyent for their contribution to democracy and progress. READ MORE
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02/10/2025Pedro Azagra recognised at the ‘CEO of the Year’ awards by CEO Magazine for his work at the helm of Avangrid Iberdrola Group CEO, Pedro Azagra , was recognised at the 'CEO of the Year' awards for his work leading Avangrid. These awards, presented annually by CEO Magazine, recognise executives for their strategic vision and impact in the United States. Azagra was chosen CEO of the Year – Runner-Up from 13,000 top executives by an elite jury that assessed candidates on aspects such as leadership, financial performance and growth, commitment and organisational culture, impact on customers, social and environmental responsibility, and capacity for innovation and problem-solving. Appointed Iberdrola Group CEO in June this year, Pedro Azagra led Avangrid for three years. Before that, he was director of development and in charge of the company's international expansion, accelerating growth in the United States, Europe and Latin America. The United States has become one of the main business areas for Iberdrola Group, which plans to invest €16B in the country through Avangrid from 2025 to 2028, focusing particularly on distribution and transmission grids. You can read the full story in the Avangrid Press Room . READ MORE
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01/10/2025 - 10:35 UTC +02:00Iberdrola installs photovoltaic self-consumption system on Spanish Congress of Deputies Iberdrola España, Iberdrola's subsidiary in Spain , has installed a photovoltaic self-consumption system on the lower house of the Spanish Parliament. The project consists of three photovoltaic installations with 112 solar panels and will enable the congress to supply itself with 90 MWh. This will cover the energy needs of the offices and meeting rooms. The solar panels were installed on the buildings of the congress’ extension, keeping its aesthetic and the surrounding environment intact, combining the new with the old. Iberdrola leads the photovoltaic self-consumption market in Spain. This is part of its commitment to accelerating electrification and developing new products that improve efficiency and energy savings. You can read the full story at the Iberdrola España Press Room. READ MORE
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30/09/2025 - 14:08 UTC +02:00Avangrid recognised by the Edison Electric Institute (EEI) for its relief efforts following Hurricane Helene Avangrid, the US subsidiary of the Iberdrola Group, has been recognised for its outstanding relief efforts following Hurricane Helene. Its distribution companies — Central Maine Power (CMP), New York State Electric & Gas (NYSEG), Rochester Gas and Electric (RG&E), and United Illuminating (UI) — have received the Emergency Response Award from the Edison Electric Institute (EEI). The Emergency Response Awards are presented twice a year to EEI member companies in recognition of their recovery and assistance efforts following service disruptions caused by extreme weather or other natural events. Avangrid remains committed to investing in advanced technologies and strategic partnerships to enhance grid security, modernise infrastructure, and support the nation's energy independence. You can read the full story at the Avangrid Newsroom. READ MORE
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30/09/2025Iberdrola reinforces its co-investment alliance with Norges Bank adding 708 MW of renewables Iberdrola increases its co-investment alliance with Norway's sovereign wealth fund, managed by Norges Bank Investment Management, with the contribution of an additional 708 MW of renewable capacity corresponding to the photovoltaic installations of Ceclavin, with 328 MW and Tagus XL with 380 MW, both located in Extremadura (Spain). As in previous additions to this Joint Venture, Iberdrola will retain a majority stake of 51 % in these assets. This new agreement consolidates the co-strategic alliance of 2,500 MW renewable portfolio and more than 2 billion euros of co-investment in Spain and Portugal, which already includes other operational projects, thus reaching nearly 900 MW in operation in the joint venture. Other assets currently in an advanced stage of construction are expected to be contributed in the near future to the joint venture, created in 2023 to accelerate electrification , initially in Iberia and potentially in other geographies. Specifically, Ceclavin and Tagus XL already produce clean energy to supply more than 885,000 people a year in the region of Extremadura and contributes to avoiding the emission of 100,000 tonnes of CO2. A long-term partnership Norges Bank Investment Management has assets under management of around €1.7 trillion and stakes in more than 9,000 companies. It owns on average 1.5 % of all listed companies in the world and 2.5 % of all listed companies in Europe. Norges Bank Investment Management has been one of Iberdrola's largest shareholders for more than seven years, with a stake of close to 3 %. Building on this relationship, Norges Bank Investment Management joined forces with Iberdrola to make its first direct investment in renewable assets in Spain. Two leaders in their sectors, Iberdrola –the largest utility in Europe by market cap– and Norges Bank Investment Management –one of the largest sovereign wealth funds in Europe– are thus strengthening a long-term alliance that could be extended to additional renewable opportunities in other geographies. Transactions to grow In recent months, Iberdrola has signed and closed several transactions , including long-term alliances to drive the decarbonisation of the economy. Noteworthy examples include the acquisition of an additional 30% of its Brazilian subsidiary Neoenergía from PREVI , reaching approximately 84% of the capital or its partnership with Masdar to co-invest €5.2 billion in the 1.4 GW East Anglia THREE offshore wind farm in the United Kingdom. READ MORE
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29/09/2025 - 10:46 UTC +02:00Neoenergia renews its partnership with the Brazilian Olympic Committee (COB) up to 2028 Neoenergia, Iberdrola's subsidiary in Brazil , announces the renewal of its partnership with the Brazilian Olympic Committee (COB) up to 2028, reinforcing its commitment to Olympic sport, women’s inclusion and sustainability. Sport and people: the partnership plans actions to promote Olympic sport in Brazil, seeking to increase female participation, mainly in the concession areas of Neoenergia's five distributors, which serve 17 million customers in the Federal District, Bahia, Rio Grande do Norte, Pernambuco and part of the states of São Paulo and Mato Grosso do Sul, reaching a population of around 40 million people. You can read the full story at Neoenergia's Media Room. READ MORE
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25/09/2025 - 10:51 UTC +02:00Neoenergia extends concession agreement for its Pernambuco distributor to 2060 Neoenergia Pernambuco, Iberdrola's subsidiary’s distributor in Brazil , has just become the first electricity distributor in the country to obtain an early extension of its concession agreement from the Ministry of Mines and Energy. Five years ahead of schedule, the new agreement guarantees the company the possibility of bringing forward investments of around €1B until 2029, accelerating improvement of the electricity system and benefiting more than 4 million customers throughout the state. Over the last 25 years, Neoenergia has invested more than €3.17B in Pernambuco, promoting the modernisation, digitalisation and expansion of electricity grids. Neoenergia Pernambuco's process was approved by Brazil's National Electric Energy Agency and the Ministry of Mines and Energy after a careful assessment of the distributor's supply quality and economic and financial health KPIs. The company demonstrated continuity and reliability of service, as well as the ability to maintain the investments required annually by the concession. You can read the full story at Neoenergia's Media Room. READ MORE
