News
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27/07/2026 - 13:47 UTC +02:00Iberdrola strengthens the development of the Labraza wind farm with €29 million in EIB financing Iberdrola España, subsidiary of the Iberdrola Group in Spain , and the Basque Energy Agency (EVE), have strengthened the development of the Labraza wind farm in Álava following the signing of a €29 million green loan with the European Investment Bank (EIB). With an installed capacity of 40 MW, Labraza will be the first wind farm to enter operation in the Basque Country since 2006. Located in the municipality of Oion, the project represents a total investment of €59 million and will generate nearly 100,000 MWh of clean energy each year, enough to supply around 75,000 people while avoiding approximately 16,300 tonnes of CO₂ emissions annually. The construction of the wind farm will also help stimulate the local economy and the wind energy supply chain. Around 100 jobs are expected to be created during the construction phase, while the project will also deliver positive benefits for nearby municipalities and businesses. The project also includes community participation mechanisms and renewable power purchase agreements (PPAs) at competitive prices for local businesses. This financing will support the development of key infrastructure to advance electrification , strengthen energy security and increase renewable energy generation in the Basque Country. You can read the full story in the Iberdrola España Media room. READ MORE
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23/07/2026 - 10:49 UTC +02:00Iberdrola strengthens the resilience of Glasgow's electricity network ahead of the 2026 Commonwealth Games SP Energy Networks, the distribution business of ScottishPower, subsidiary of the Iberdrola Group in the United Kingdom , is strengthening the resilience of Glasgow's electricity network ahead of the 2026 Commonwealth Games. The company has launched a dedicated plan to ensure the city's electricity infrastructure is fully prepared to meet the demands of an international event that will bring together thousands of athletes, technical teams, support staff and spectators. As part of this initiative, SP Energy Networks is testing its Mobile Asset Assessment Vehicle (MAAV) on the streets of Glasgow. Using an electrical scanning system, the vehicle can detect hidden faults in the underground network that cannot be identified through traditional inspections, allowing potential issues to be addressed before they affect electricity distribution and supply. The initiative forms part of a wider network preparedness programme covering Glasgow's more than 8,000 kilometres of overhead lines and underground cables, as well as nearly 4,000 substations. In addition to using real-time data to identify and resolve potential anomalies, the company is deploying additional monitoring equipment, automated controls, thermal imaging technology and on-call engineering teams to ensure the highest levels of network reliability throughout the Commonwealth Games. You can read the full story in the ScottishPower and SP Energy Networks Media Room. READ MORE
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22/07/2026 - 08:12 UTC +02:00Investment in UK, US and Brazil electricity networks drives increase in Iberdrola's reported Net Profit to €4.34bn for H1 2026 (+22%) READ MORE
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21/07/2026 - 18:31 UTC +02:00Iberdrola acquires Finland’s largest electricity distribution company, valued at €5 billion Iberdrola has reached an agreement to acquire Caruna, Finland’s leading electricity distribution company, in a transaction valuing 100% of the company at around €5 billion, including its financial debt. The transaction will involve a payment of €2 billion for 80% of the company’s equity, while Nordic pension funds AMF and Elo will retain their current 20% stake. Caruna is the country’s largest electricity distribution operator and serves one and a half million people –more than 20% of the Finnish population–. The company has a network of approximately 89,000 kilometres, 67% of which is underground. Caruna operates, through two distribution concessions, in the area surrounding central Helsinki and in the Joensuu region —with strong industrial activity and growing demand linked to new data centres, as well as residential developments— and in other areas of western and north-eastern Finland. Network growth and new opportunities The acquisition, together with the recent divestment of thermal power plants in Mexico, reinforces Iberdrola’s strategy of focusing its investments on the networks business in stable markets with attractive regulatory regimes: Finland has an AA+ credit rating and a regulatory framework in place until 2031 that offers a return on equity of around 8%. The company is expected to increase its earnings and asset base by around 7% annually over the coming years, with annual investments of between €200 million and €300 million to reinforce and digitalise its electricity network in a context of strong growth in renewable capacity1. These investments could increase in the future due to growing demand, the electrification of the economy, the expansion of data centres and the development of electricity transmission infrastructure, which Finnish regulation has allowed distribution companies to undertake since the beginning of 2026. Completion of the acquisition is expected in the first quarter of 2027, subject to obtaining customary regulatory approvals for this type of transaction. Iberdrola’s executive chairman , Ignacio Galán, said: “This transaction reinforces our strategic commitment to electricity networks as essential infrastructure for promoting energy security, self-sufficiency and competitiveness. Finland offers high credit quality and a predictable and attractive regulatory framework, while Caruna has strong growth prospects due to the need for networks linked to new renewable generation, rising demand from the industrial and residential sectors and the electrification of the economy”. 1 This press release contains forward-looking statements which do not constitute a guarantee of future results. Such statements are subject to risks and uncertainties that could cause actual results to differ significantly from those projected. Iberdrola, S.A. accepts no obligation to update them. READ MORE
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20/07/2026Iberdrola, recognised as a global leader in green bonds and as Europe’s most sustainable electricity company Iberdrola has added two new international accolades to its list, underpinning its leadership in sustainability and green finance. The company has been recognised as the leading corporate issuer of green, social and sustainable bonds at the 2026 GlobalCapital Bond Awards and as Europe’s most sustainable electricity company at the 2026 World Finance Sustainability Awards. Both awards highlight the Group’s strategy to drive the electrification of the economy, accelerate decarbonisation and mobilise funding for projects with a positive environmental impact. A leader in sustainable finance The GlobalCapital Bond Awards, now in their nineteenth year, are the only awards dedicated exclusively to international bond markets. Each year, they recognise excellence among issuers, financial institutions, investors, rating agencies and advisers, and have a distinctive feature: the winners are chosen by market participants themselves through a wide-ranging sector-wide consultation. This award endorses Iberdrola’s track record in sustainable finance markets and reinforces its position as one of the sector’s leading international issuers. In 2025, Iberdrola became the first Spanish company to issue a bond under the new European Green Bond Standard (EU GBS) and the first in the world to obtain dual certification, having simultaneously complied with this standard and with the Green Bond Principles of the International Capital Market Association (ICMA). Since then, the company has issued a total of four green bonds aligned with both reference frameworks, consolidating its leadership in sustainable finance. Recognition of leadership in sustainability For their part, the World Finance Sustainability Awards recognise organisations that are leading the transition towards low-carbon, resource-efficient business models committed to creating social value . According to the jury, Iberdrola stands out for having turned its climate ambition into an operational reality on a large scale across various markets. In particular, the judging panel has highlighted the company’s progress in expanding renewable generation capacity, modernising and digitising electrical networks , developing storage solutions and system integration, as well as its contribution to economic growth and employment in the regions where it operates. The jury also emphasised the robustness of Iberdrola’s climate strategy, which includes achieving direct emissions neutrality in electricity generation by 2030 and the target of reaching net-zero direct and indirect emissions by 2040. It also recognised the company’s investments in clean technologies — such as onshore and offshore wind, solar, hydroelectric and energy storage — as well as its role in developing smart grids that facilitate the integration of greater renewable generation and help to build a more flexible, resilient and secure electricity system. READ MORE
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19/07/2026 - 12:00 UTC +02:00Ignacio Galán: Iberdrola, 125 years of leadership with Basque roots Under the headline “125 years of leadership with Basque roots”, the newspaper El Correo has published an opinion piece by the chairman of Iberdrola , Ignacio Galán, to mark the company's 125th anniversary. The original article is reproduced below: Iberdrola and Bilbao have recently experienced a celebration worthy of their shared history: to mark the company's 125th anniversary, tens of thousands of people from Bilbao of all ages enjoyed a music festival in Doña Casilda Park, and later that night, 1,500 drones lit up the city's sky with images of Iberdrola's history and evolution, in what was the largest show of its kind ever staged in Spain. This was not simply an isolated celebration. Above all, it was the expression of a deep relationship built up over generations between Iberdrola and the people of Bilbao, Biscay and the Basque Country. A symbiosis based on trust, shared progress and the conviction that truly successful business projects stem from a long-term vision and always move forward hand in hand with people. This is where Iberdrola's history began , here in Bilbao, in 1901, when a group of Basque businessmen set out to bring light and progress to the city. That first transformative drive is today a major global company present in dozens of countries, supplying electricity to more than 100 million people. Iberdrola is the result of 125 years of collective effort, bold decisions and constant work, and above all, of generations of professionals who have known how to understand the circumstances and social needs of each moment without ever giving up their origins or their values. This way of understanding business means that Bilbao is today home to Europe's largest electricity utility and one of the two largest in the world by market capitalisation, worth more than €140 billion. But these big figures truly make sense when we see their positive impact on people's lives. That is why, a decade ago, we created the concept of social dividend, and we have measured it year after year ever since. And that impact has a very special resonance in the land where we were born. Over the past five years, we have spent more than €8.4 billion on purchases from Basque suppliers, such as Ormazabal, Arteche, Mesa, Siemens Gamesa, Haizea Wind and Ingeteam, among others, which support more than 30,000 jobs in the Basque Country. Over that period, we have also contributed more than €4 billion to the public coffers of the Basque Country. And more than 60,000 Basque families who have entrusted us with their savings as Iberdrola shareholders have punctually received dividends that, over the past five years, exceed €2 billion. We are now facing one of the periods of greatest economic and social transformation in modern history. And all the new technologies driving it depend on electricity. Anticipating this trend, five years ago we created the Global Smart Grids Innovation Hub here in Bilbao, at our José Ignacio Berroeta Centre, an international benchmark for innovation in smart grids. Electrification has already become the key to guaranteeing not only energy security and autonomy, but also competitiveness, job creation and sustainability. This trend, already visible across all our major markets – Continental Europe, the UK, the US, Brazil and Australia – means we can say with complete confidence that we are marking our 125th anniversary with the greatest growth prospects in our history. And, as we have done throughout our history, we will continue to be a driver of progress. In the next three years alone, we will invest a record €43 billion , focused mainly on developing electricity transmission and distribution grids. The Basque Country will continue to play a central role in this transformation, with electrification as the driving force behind all productive activity. And we will do so as we always have: with firm roots and a global outlook. Because, as the lehendakari said last May at the official event marking our 125th anniversary, 'a company is the place where collective effort generates value that is distributed in the form of wages, taxes and opportunities', and therefore 'a society that understands this looks after its companies, supports them and also creates the conditions for them to flourish'. That is our commitment: to keep building, together with the whole of society, a fairer, more fraternal, supportive and sustainable world for future generations. Source: El Correo: Suplemento especial por el 125 aniversario de Iberdrola (spanish version) READ MORE
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17/07/2026 - 14:00 UTC +02:00Iberdrola promotes STEM talent in vulnerable communities through Fundación Iberdrola España Fundación Iberdrola España, the charitable arm of Iberdrola España, a subsidiary of the Iberdrola Group in Spain , and Fundación Empieza Por Educar are renewing their partnership for the eighth consecutive year to support the STEM4Girls programme. The initiative aims to encourage scientific and technological careers among girls and young women from socio-economically disadvantaged backgrounds. Under the agreement, Fundación Iberdrola España will provide €50,000 in funding for five scholarships for female STEM graduates or final-year students. Over a two-year period, scholarship recipients will take part in Fundación Empieza Por Educar’s educational leadership programme, teaching at schools in socially vulnerable areas and helping to expand opportunities for pupils while bringing science and technology closer to girls through practical and innovative activities. The programme combines specialised training, personalised mentoring and hands-on classroom experience, with the aim of preparing a new generation of teachers who can make a positive impact on the education system. The initiative reinforces the Iberdrola Group’s commitment to education, equal opportunities and the development of talent in key areas driving electrification and innovation. READ MORE
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17/07/2026Iberdrola promotes the creation of community green spaces in Scotland SP Energy Networks, the distribution business of ScottishPower, subsidiary of the Iberdrola Group in UK , is leading a tree-planting programme across Scotland in partnership with The Tree Council. Backed by funding of around €580,000, the initiative aims to enhance natural spaces, boost biodiversity and deliver long-term benefits for local communities. One of the projects supported through the programme has been developed in partnership with Inverclyde Shed and Clydeview Academy in Gourock. It has seen the creation of a community orchard featuring 132 fruit trees, transforming a local area into a long-lasting community asset that will provide opportunities for growing food, learning, connecting with nature and bringing people together for decades to come. The project also has a strong educational and social focus, providing a space for future workshops, community activities and ongoing maintenance programmes. Through initiatives like this, the Iberdrola Group continues to support projects that protect nature, enhance biodiversity and help build more sustainable and resilient communities. You can read the full article in the SP Energy Networks Newssroom . READ MORE
