News
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22/01/2026 - 13:28 UTC +01:00The Ekienea photovoltaic plant obtains preliminary government authorisation for construction in Spain Ekienea, a company led by Iberdrola España , a subsidiary of the Iberdrola Group in Spain, has obtained prior administrative authorisation from the Ministry for the Ecological Transition and the Demographic Challenge, marking a key milestone for the project and strengthening its plans to begin operations in 2027. What will become the largest photovoltaic plant in the Basque Country is an initiative promoted by Iberdrola España (75%) with the Basque Energy Agency (EVE), the Basque Government's energy agency (18%), Krean (Mondragón Corporation, 5%), and the Provincial Council of Álava (2%) through Enargi. The Ekienea project, with a planned investment of €90 million, will generate clean, local energy for industrial self-consumption and will produce around 155 GWh/year, equivalent to the consumption of some 45,000 households, reducing CO₂ emissions by around 15,500 tonnes a year and contributing to the Basque Country's decarbonisation and industrial competitiveness objectives. The project will create up to 300 jobs during peak construction periods, contributing to the economic development of the area, and will include various projects to promote coexistence with biodiversity. You can read the full story at the Iberdrola España Press Room READ MORE
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22/01/2026 - 13:17 UTC +01:00Iberdrola completes the sale of its business in Hungary for €171m Iberdrola has completed the sale of its business in Hungary after obtaining all the necessary authorisations to carry out the transaction. The company has sold 100% of the shares in Iberdrola Renovables Magyarország KFT, the owner of its business in Hungary, to a consortium formed by Premier Energy – which already acquired the company’s assets in Romania in 2024 – and a subsidiary of the Hungarian group iG TECH Capital. Through this transaction, the Group has received a total of €171 million, including the price of the company’s shares (€128 million) and a dividend distributed prior to completion (€43 million). The assets sold include 158 megawatts (MW) of operational wind capacity, commissioned by Iberdrola since it entered the country in 2008. Of this total capacity, 124 MW are already selling their energy on the open market after completing the 15-year regulated tariff period, while the remaining 34 MW will do so in less than one year. This transaction forms part of Iberdrola’s strategy to focus its investments on its core businesses – mainly regulated networks or generation with long-term contracts – and on key markets such as the United States and the United Kingdom. In line with this strategy, Iberdrola Energía Internacional has set other EU markets and Australia as investment priorities. READ MORE
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21/01/2026Energy resilience and electrification: cornerstones of energy industry development Ignacio Galán, the Executive Chairman of the Iberdrola Group , returned this year to one of the most important events in the global economy: the Davos Forum 2026, organised by the World Economic Forum between 19 and 23 January. During his intervention, he had the opportunity to speak to CNBC about the challenges currently facing the energy sector. Energy autonomy was one of the main topics of conversation, its importance having grown in recent years as a synonym for security, as Galán explained during his talk. This energy resilience, in a world with an ever-growing demand for electricity, can be achieved through heavy investment in power transmission and distribution networks , as well as in generation through technologies that do not rely on fossil fuels. Iberdrola’s Executive Chairman highlighted the investment being undertaken by countries such as the United Kingdom, which has quadrupled its funding in networks, and the United States, where some states have also doubled or tripled their commitment to electrification. This trend towards the electrification of industry is fully in line with Iberdrola's 2025-2028 Strategic Plan , whose objectives include a firm commitment to strengthening the path towards decarbonisation through a strong investment in upgrading and developing the electricity networks in these two regions. Ignacio Galán closed by highlighting Europe's commitment to using power that is not sourced from fossil fuels, where 50% of energy already comes from renewable sources, and nuclear energy, which contributes to decarbonisation targets that are currently close to 40%. The company continues to work towards electrification to bring power generated from multiple sources closer to supply points. READ MORE
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21/01/2026 - 14:11 UTC +01:00Galán: “Electrical networks will be a driver of global leadership and competitiveness” Iberdrola’s Executive Chairman, Ignacio Galán, has called for faster investment in electrical networks during his participation in the Annual Meeting of the World Economic Forum in Davos . In his view, “electricity networks will be a driver of global leadership and competitiveness”. Galán stressed that electrification “is unstoppable” because all new uses — data centres, electric vehicles, heat pumps… — already depend on electricity, and said that global demand will grow by 50% by 2035 and double by 2050. “That requires tripling investment in electrical networks, strengthening clean generation and providing regulatory certainty for investors,” he noted. In his opinion, it is necessary to transform and modernise many of the grids created over the last century for new uses and to promote new ones to meet growing electricity demand. The Executive Chairman defended Iberdrola’s ambition in the energy sector. “To do important things you need ambition, vision and capability. I believe we are in the right sector, at the right time, and over our 125 years we have shown that we are capable of achieving the goals we set ourselves.” Galán recalled that networks are the backbone of the electricity system and warned that, after years of strong investment in new generation capacity, “we now need networks capable of absorbing all that energy and delivering it to consumers and industry safely and competitively”. He also warned that without sufficient networks and interconnections, electrification will not be able to advance. In this context, Iberdrola’s Executive Chairman welcomed the European Commission’s European Grid Package for focusing on networks and called for the prioritisation of critical projects, faster permitting and adequate remuneration to attract capital to regulated activities that are essential for the transition. Galán also emphasised the commitment and urgency in the United States to improve electrical network infrastructure. In fact, states such as New York are talking about tripling their investment in transmission and distribution lines. During his speech, Galán argued that energy security is inseparable from national security and also called for technological pragmatism: “All technologies matter, but each country must use its natural resources: sun where there is sun, wind where there is wind; it makes no sense to plan against geography”. The Executive Chairman placed these messages within Iberdrola’s track record — 125 years of history and leadership — and recalled the strategic decision taken more than two decades ago to invest “massively” in grids, renewables and storage, through which the Group increased its size by more than tenfold. Today, Iberdrola is the largest utility in Europe by market capitalisation and is among the two largest in the world, having exceeded a market value of €125 billion. “Iberdrola is planning investments of close to €60 billion over the next four years, of which more than two thirds will be allocated precisely to the electricity grids sector. To undertake these investments, stable, predictable and incentivising frameworks are required,” he reiterated. READ MORE
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21/01/2026 - 11:53 UTC +01:00Ignacio Galán in Davos: "The day after presenting a plan, we are already thinking about how to surpass it. We can become the world’s largest electricity company" Iberdrola's Executive Chairman and CEO, Ignacio Galán, said in an interview with the prestigious Spanish business newspaper Expansión, on the occasion of his participation at the World Economic Forum in Davos 2026 , that in today’s complex geopolitical and economic environment, Iberdrola's firm commitment to electrification "means greater efficiency, lower costs and increased security for citizens. And electricity networks are a fundamental pillar of that energy security." Galán elaborated: "The electricity sector has a unique opportunity. What was traditionally a defensive industry has become a driver of economic growth, and electricity networks are the clearest example of this transformation." Ignacio Galán places no limits on Iberdrola’s growth ambitions: “A year ago, we knew we could surpass €100 billion in market capitalisation. Today, we are convinced that we can become the world’s largest electricity company. If we are currently valued at €125 billion with only 20% of energy consumption electrified, what could our value be if electrification reaches 40% or 50%, as even the most conservative forecasts suggest?”. In such a landmark year for Iberdrola, as the company celebrates its 125th anniversary, Galán describes leading the group as “a source of both pride and responsibility.” “First, towards those who came before us over the past 125 years. Second, towards the more than 46,000 people who work at Iberdrola today. And, of course, towards the society we have been serving for more than a century. We serve 100 million people who now, more than ever, demand electricity-based solutions to grow and develop.” You can read the full interview at: Galán: "Iberdrola can become the world's largest electricity company". READ MORE
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19/01/2026 - 12:47 UTC +01:00Iberdrola triumphs at the Capital Markets Data (CMD) awards Iberdrola has been recognised as an international benchmark in debt capital markets, winning two awards at the Capital Market Data Institute Awards: Best Sustainable Corporate Issuer and Best Investor Relations Team. The awards highlight Iberdrola's good practices over the last year. CMD stated that the company has combined highly significant financial operations with a proactive investor relations strategy, setting a new standard in the industry. ‘Its transparent investor relations framework includes a broad global presence through roadshows, conferences, seminars, topic-based websites and facility visits, reinforcing market confidence among a 'broad' investor base’, explains CMD. The award recognises the company's leadership in the industry through various green and innovative transactions in different formats, currencies and markets, consistently attracting strong demand and oversubscription. CMD based its decision on the scale, consistency and sophistication of our sustainable financing, as well as the wide variety of bonds issued. CMD has also decided to give the hybrid bond issued by Iberdrola last October the TopDeal label. This is awarded quarterly to the best transactions in the period, based on various factors, such as the degree of innovation or the success in investor demand. In the case of Iberdrola, the TopDeal was awarded because it is the first hybrid bond to be certified under the European Union Green Bond Standard. In recent years, the company has diversified its financing across markets and currencies, as well as instruments, while also extending its debt maturities. This financing activity highlights the pioneering nature of the Group’s Finance and Treasury management and its Investor Relations team. Iberdrola has also innovated by seeking out different instruments, such as ECAs (export credit agencies), multilateral institutions (World Bank-IFC, European Investment Bank, etc.) and development banks (JICA, BNDES, BnB, ICO, Cassa Despossitti). Thanks to this strategy, Europe's largest electricity company by market capitalisation has secured more than €16B in financing through 51 transactions in 2025 to accelerate its strategic plan of €58B in investments through 2028. Capital Markets Data is a company specialising in past and present financial market data, with services focused on analysis, consulting and tech solutions for investors and financial institutions. READ MORE
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16/01/2026 - 08:00 UTC +01:00Iberdrola commissions the Canada-US interconnection to supply almost 10% of Massachusetts' electricity needs Iberdrola, through its US subsidiary Avangrid , has commissioned the New England Clean Energy Connect (NECEC) transmission network, a strategic infrastructure connecting the United States and Canada. This line promotes the electrification of New England, strengthens the reliability of its electricity system, and helps reduce energy costs, improving competitiveness and promoting economic development for households and businesses in the region. The project, which began in 2018, has been completed after obtaining all federal and state permits and authorizations. NECEC has already begun to carry hydroelectric power from Quebec via a 233-kilometer high-voltage line with a capacity of 1,200 MW, enough to supply nearly 10% of all electricity consumed in Massachusetts. The line, which represents an investment of $1.65 billion, has regulated and stable 40-year contracts with Massachusetts distributors and Hydro-Québec. Boosting technological innovation and social commitment The project incorporates advanced technology such as the HVDC converter system, which allows electricity to be transmitted efficiently over long distances and connects networks that operate asynchronously. Two STATCOMs—power electronic devices that maintain voltage and improve supply quality—with a capacity of 300 MVAR have been installed at the Buxton substation in Maine, which are essential for ensuring grid balance during periods of high demand. The positive impact of NECEC directly benefits local communities and the regional economy and will contribute hundreds of millions of dollars to community initiatives and programs in. The commitment to environmental protection has also been consistent throughout all phases of the project, including securing approximately 20,200 hectares to protect the region's ecosystems. READ MORE
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15/01/2026 - 11:17 UTC +01:00Iberdrola and the EIB sign a €175 million green loan to support the construction of the Tâmega wind farms in Portugal The European Investment Bank (EIB) has signed a €175 million green loan with Iberdrola to support the construction and operation of two new wind farms in northern Portugal. These facilities will have a combined capacity of 274 MW, capable of supplying clean energy to 400.000 people, and will be integrated in Iberdrola´s Tâmega pumped storage hydropower complex, (also called “the Tâmega gigabattery”). It will be the first project with a hybrid connection between pumped storage and wind power in Portugal and one of the largest energy initiatives in the country. The new EIB loan is guaranteed by the Spanish export credit agency, Cesce. This is the second EIB-financed operation with Iberdrola backed by Cesce’s guarantee to support green projects led by Spanish companies outside Spain, contributing to the European Union's climate action and environmental sustainability objectives. The first operation was Iberdrola’s Windanker offshore wind farm, currently under construction in the German Baltic Sea. A large energy hybridisation complex to serve the northern region of Portugal The new project is progressing successfully, and the installation of the first wind turbine has already been completed. Known as the Tâmega Wind Hybridisation, the project will build and connect two new wind farms with three existing hydropower plants part of the EIB-financed Tâmega pumped storage hydropower complex, Gouvães, Daivões and Alto Tâmega, located over the Tâmega River, close to Porto. The Tâmega pumped storage hydroelectric complex is one of the largest energy projects in Portugal. The hybridisation of both technologies allows wind and hydroelectric energy to share the same connection infrastructure to the electricity grid , optimising the integration of renewables and minimising infrastructures and environmental impact. It also reinforces the role of the Tâmega System as an anchor for Portugal's electrification. By increasing the share of clean energy in the grids, the project will strengthen Portugal’s electricity system and directly supports European and national goals to reduce carbon emissions, cut reliance on fossil fuels, and meet ambitious climate targets. Thereby Tâmega Wind Hybridisation is a strong contributor to EIB Group’s climate action objectives set out in the Group’s Strategic Roadmap for 2024-2027 and the Climate Bank Roadmap Phase 2 for 2026-2030 as well as the EIB action plan to support REPowerEU, the programme to increase energy security and speed up the energy transition by reducing the European Union’s dependence on fossil fuel imports. Located in Portugal’s Norte region —a cohesion region— the investment promotes economic, social and territorial cohesion, one of the EIB Group’s eight strategic priorities. "With this new financing the EIB contributes to energy security in Portugal by unlocking synergies between clean technologies”, said EIB Director General of Financing and Advisory Operations within the European Union Jean-Christophe Laloux. “By combining wind and hydropower the Tâmega complex will increase clean energy production and maximize use of existing energy infrastructure for the benefit of Portuguese consumers and local economies.” Beatriz Reguero, area director for State Accounts at Cesce, Spanish Export Credit Agency, said “Cesce is proud to support Spain’s leading companies as they drive the energy transition across Europe. Tâmega hydropower complex demonstrates how long-term partnerships with institutions like the European Investment Bank and Cesce can channel innovation and sustainable investment into projects that strengthen economic growth and advance renewable energy for the future.” José Sainz Armada Iberdrola's Chief Finance, Control and Corporate Development Officer said that “This operation with the EIB and the guarantee from Cesce reinforces our financing strategy and confirms our capability to promote key strategic projects in the Iberian Peninsula and throughout Europe that improve energy security and competitiveness through electrification.” Project financed by the European Investment Bank. READ MORE
