News
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27/03/2026 - 11:13 UTC +01:00Iberdrola advances offshore wind in the UK with progress on East Anglia TWO ScottishPower, the Iberdrola Groups’s UK subsidiary , is making steady progress on the development of the East Anglia TWO offshore wind farm, one of the most significant renewable energy projects currently under construction in the United Kingdom. With a total investment of approximately €4.5 billion, the project reinforces the Group’s commitment to offshore wind as a strategic pillar of the energy transition , as well as to the deployment of infrastructure that supports a more secure, competitive and sustainable energy system. As part of the project, the UK’s Secretary of State for Energy, Michael Shanks, visited the facilities where the offshore substation foundations are being manufactured, highlighting the role of clean energy in driving skilled employment and supporting the country’s industrial communities. With an installed capacity of up to 960 MW, East Anglia TWO offshore wind farm will generate enough clean electricity to power nearly one million homes, making a significant contribution to the electrification of the UK economy. You can read the full story at the ScottishPower Media room. READ MORE
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27/03/2026 - 10:00 UTC +01:00Avangrid completes solar panel installation at Tower Solar plant in Oregon Avangrid, a subsidiary of the Iberdrola Group in the United States, has completed the installation of more than 250,000 solar panels for the Tower Solar project in Morrow County, Oregon. The panels were assembled by SEG Solar at its new factory in Houston, Texas. The plant, with a total installed capacity of 120 MWac, is expected to come online later this year. It will supply electricity to the Portland General Electric (PGE) grid and support a new QTS data center campus in the region. Construction of the project created more than 200 jobs, most of them filled by local workers. In addition, the project, located on industrial land at the Port of Morrow, is expected to generate approximately $20 million in economic contributions, which will help fund public services, including education. You can read the full story at the Avangrid Media room. READ MORE
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26/03/2026 - 16:57 UTC +01:00Iberdrola promotes sustainable mobility in Brazil with the country’s first commercial green hydrogen bus Neoenergia, subsidiary of Iberdrola Group in Brazil , has launched the country’s first commercial bus powered by green hydrogen, which will operate on the Brasília Monumental Route tourist line in the Federal District. The project, developed in collaboration with the Federal District Government and the company TEVX, marks a milestone in the application of clean technologies to transport and reinforces the Group’s commitment to sustainable mobility and decarbonisation . The zero-emissions vehicle will use green hydrogen produced at Brazil’s first refuelling station of this kind, built by Neoenergia in Taguatinga. The fuel is obtained through water electrolysis using renewable energy, enabling a fully clean energy cycle and positioning the country at the forefront of green hydrogen development as a key vector of the energy transition. The initiative combines technological innovation, sustainability and public service, and acts as a pilot project showcasing the potential of green hydrogen in urban mobility applications. You can read the full article at Neoenergia Media room . READ MORE
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26/03/2026 - 09:58 UTC +01:00Iberdrola paid €10.4bn in taxes in 2025 In 2025, Iberdrola made the largest tax contribution in its history, paying a total of €10.41 billion in taxes in the countries where the company operates, according to its 2025 Fiscal Transparency Report. Tax payments in Spain reached a new record high in 2025, reaching nearly €4.7 billion, an 8% increase on 2024. This consolidates Spain’s position as the country to which Iberdrola contributes the most in taxes – almost half of the Group’s total – despite the fact that two-thirds of Iberdrola’s business and almost 75% of its assets are in other countries. The main reason is the number of electricity-specific taxes to which the Group is subject in Spain – a total of 41 – compared with just 28 across the other 31 countries in which the Group operates worldwide. Spain accounts for 79% of all the electricity-related taxes paid by Iberdrola worldwide. Globally, Iberdrola allocated 44% of its profit in 2025 to the payment of taxes affecting its results. Over the last five years, Iberdrola has paid more than €45 billion in taxes, a figure equivalent to all the dividends received by shareholders between 2001 and 2026. Iberdrola conceives its tax contribution as an essential component of its social dividend and has a well-established model of responsible taxation, based on strict compliance with regulations, transparency and consistency between its economic activity and the taxes paid. In the same way, Iberdrola’s tax strategy is based on a cooperative and trusting relationship with tax authorities, with voluntary participation in cooperative compliance programmes in countries such as Spain, the United Kingdom, Brazil, France, Portugal and Australia. The Group began voluntarily publishing its Tax Transparency Report and Country-by-Country Report in 2019, well ahead of regulatory requirements. This approach has positioned Iberdrola as an international benchmark for transparency and good tax governance. In 2025, the company renewed its Fair Tax Mark certification, improving its score in the process, and achieved first place in the Tax Responsibility and Transparency Index, which assesses the tax governance, quality of information and tax practices of large multinationals. In addition, the company’s tax compliance system has been certified in accordance with the UNE 19602 standard, renewed for the seventh consecutive year without any non-conformities. Tax contribution by country Iberdrola’s tax contribution in 2025 was distributed across its main markets as follows: €4.675 billion in Spain; €2.328 billion in Brazil; €1.384 billion in the United States; €1.061 billion in the United Kingdom; €645 million in Mexico; and €317 million in the other countries in which it operates. READ MORE
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25/03/2026Ignacio Galán: “Iberdrola’s business model is part of the solution to energy crises” Ignacio S. Galán, Executive Chairman of Iberdrola, discusses in an interview with the Spanish business newspaper ElEconomista the limited impact that the current geopolitical and energy crisis is having on the company. Galán, who is attending CERAWeek, one of the leading international energy forums held in the United States, has highlighted Iberdrola’s ability to offer competitive, long-term fixed prices, as well as the importance of investing in networks infrastructure to advance Europe’s electrification and strategic autonomy. Ignacio Galán emphasises Spain’s key role in European competitiveness and electrification, arguing for the urgent need to remove regulatory and fiscal barriers to facilitate investment and the expansion of electricity networks. He points out that electrification is essential to reduce dependence on fossil fuels, improve energy security and foster industrial and economic growth, as well as creating jobs. Regarding the main growth markets, Iberdrola is focusing its investments on the United States and the United Kingdom, where it plans to allocate €40 billion between 2025 and 2028 to expand and modernise transmission and distribution networks, as well as to drive forward renewable generation projects. Furthermore, it advocates extending the lifespan of nuclear power stations in Spain due to their contribution to the security and competitiveness of the electricity supply. Finally, Galán highlights that Iberdrola is entering a period of unprecedented growth, with historic investments and a renewed commitment to electrification and technological innovation. The company aims to become the world’s leading electricity company by market capitalisation, maintaining a policy of increasing dividends and a solid financial structure, which reinforces its leadership and ability to generate value for society and its shareholders. You can read the full interview on the ElEconomista website (Spanish version). READ MORE
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25/03/2026 - 15:43 UTC +01:00Iberdrola agrees the sale of SP Dataserve Iberdrola, through its UK subsidiary ScottishPower , has signed an agreement to sell SP Dataserve, a company providing commercial metering services to non-domestic customers in the UK, to IMServ. By the end of 2025, SP Dataserve was providing 36,800 services to around 22,000 non-domestic customers across the UK. IMServ is a UK‑based metering and energy services company wholly owned by Bluewater, a specialist private equity firm with investments across the energy value chain. The sale of this non-core subsidiary forms part of Iberdrola’s active portfolio management strategy, which focuses on strengthening its core businesses and optimising capital allocation. The sale involves the divestment of a non-strategic business within ScottishPower and follows the transfer of the UK smart meter business to Macquarie in 2025, which further simplifies the Group’s business profile in the UK. The UK represents Iberdrola’s main investment destination, where the Group plans to invest €20 billion by 2028 as part of its strategic plan. Most of this investment will be dedicated to the development and modernisation of electrical networks , a key area for supporting the electrification of the economy, strengthening energy security and boosting competitiveness. Following the approval of the new tariff framework for electricity transmission, the company will quadruple the amount allocated to this business. The transaction just signed is in addition to others completed by Iberdrola so far this year: the acquisition of the Ararat wind farm in Australia, the sale of its onshore generation business in France, the sale of small-scale hydroelectric assets and the sludge treatment business in Spain, the sale of its assets in Hungary and the addition of 650 MW of solar power to the joint venture with Norges. The transaction closing is subject to customary conditions in this type of transactions, such as regulatory review. READ MORE
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25/03/2026 - 10:13 UTC +01:00Neoenergia advances the digitalisation of electricity networks with advanced IoT solutions Neoenergia, a subsidiary of the Iberdrola Group in Brazil , continues to advance the modernisation of its electricity networks through the integration of IoT technologies, enhancing resilience, operational efficiency, and quality of supply. The initiative ensures continuous connectivity for network devices, even in remote areas, thereby strengthening the reliability of the electricity system. The solution is built on a smart connectivity ecosystem capable of operating flexibly across multiple communication networks. This enables faster and more accurate fault detection and accelerates service restoration. The increased availability of real-time data also optimises network management and supports the work of operations and maintenance teams. The adoption of these digital technologies is key to improving the customer experience, reinforcing security of supply, and advancing the transition to a more sustainable energy system. You can read the full news article at the Neoenergia Media room. READ MORE
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25/03/2026 - 08:46 UTC +01:00ScottishPower secures £600m National Wealth Fund green financing for strategic UK subsea power link Eastern Green Link 4 ScottishPower , through its parent company Iberdrola, has secured £600 million in financing from the National Wealth Fund to support the development of the Eastern Green Link 4 project, a strategic electricity interconnector that will strengthen the UK's energy security and self-sufficiency, while helping to meet its Clean Power targets. Eastern Green Link 4 (EGL4) is a new 2GW High Voltage Direct Current (HVDC) subsea power link that will help reduce constraint costs by transporting domestically produced energy from where it is generated in Scotland to areas of demand in England. Running between Fife and Norfolk, the 530 km high-voltage cable will be able to transmit enough electricity to power the equivalent of 1.5 million UK homes. Long-distance, bidirectional subsea infrastructure projects such as EGL4 are essential to reinforce the UK's energy security and lower the cost of electricity for homes and businesses by reducing dependence on imported fossil fuels that are exposed to volatile international markets. This transaction builds on the National Wealth Fund’s £600 million loan in May 2025 to support the development of seven of ScottishPower’s priority network initiatives. The ongoing collaboration between ScottishPower and the National Wealth Fund to drive investment in the UK grid demonstrates the power of the public and private sector joining forces to support the transition to lower cost, homegrown, clean energy. The National Wealth Fund prioritised the grid as an area for investment in its recent strategic plan and as a public finance institution is able to offer greater flexibility, with a longer tenor facility to allow Scottish Power to better align the debt profile with the life of the assets being financed. With National Energy System Operator (NESO) estimating that £58 billion will be required in Great Britain by 2035 to support the delivery of the clean power system, the National Wealth Fund also has a role to play in widening the pools of capital available to the sector. This new financing enables the Iberdrola Group to continue advancing its ambitious plan to develop distribution and transmission networks in the United Kingdom , which involves capex investments of £12 billion (€14 billion) through 2028 to continue expanding electrification and responding to the expected increase in electricity demand. Chancellor Rachel Reeves said: “This is exactly why we created the National Wealth Fund - to put the full power of government behind strategic investment in partnership with business that secures Britain’s future. This investment will build the energy infrastructure of tomorrow, strengthen our energy security, and help bring down bills. “We have the right economic plan for Britain - built on stability, investment and reform - with an active, strategic state helping to build a stronger, more secure economy and make working people better off in every part of Britain.” Oliver Holbourn, CEO of the National Wealth Fund, said: “By supporting nationally significant projects like Eastern Green Link 4, we are demonstrating our commitment to strengthening our national infrastructure to help ensure our energy system is fit for the future. “Our financing will support Scottish Power to go further and faster to deliver crucial grid upgrades and in doing so unlock clean energy for homes and businesses across the country.” Keith Anderson, CEO of ScottishPower, said: “We are pleased to be strengthening our relationship with the National Wealth Fund to deliver these critical investments. By working together to support the delivery of the Government’s Clean Power 2030 pathway, projects like EGL4 are meeting our shared goals of accelerating electrification, boosting the UK economy and delivering energy security.” Energy Minister Michael Shanks said: “Grid upgrades are vital to getting Britain off the rollercoaster of fossil fuel prices allowing us to make the most of the low-cost clean energy we generate. “Network investment is delivering growth across the country jobs too, with Scottish Power set to double its transmission workforce in central and southern Scotland, creating opportunities for good, well-paid careers.” Scottish Secretary Douglas Alexander said: "This major investment by the UK Government’s National Wealth Fund demonstrates our commitment to essential grid infrastructure like this subsea power link. Through investment like this one, we are helping to kickstart economic growth and delivering on our commitment to a decade of national renewal.” READ MORE
