News
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03/08/2026 - 17:22 UTC +02:00Ignacio Galán receives the Gold Medal from the Cursos de La Granda Iberdrola Executive Chairman Ignacio Galán today received the Gold Medal from the Cursos de La Granda (La Granda Courses) in recognition of his professional career. The award was presented by Benigno Pendás, President of Cursos de La Granda and of the Royal Academy of Moral and Political Sciences. The distinction is awarded to individuals of outstanding intellectual, institutional or cultural prestige. The presentation took place during the official opening ceremony of the 48th edition of the Cursos de La Granda in Avilés. The event included a tribute delivered by Fernando Becker, and was attended by a number of institutional representatives. Through this recognition, the Royal Academy acknowledged Ignacio Galán's career and his contribution to thought, culture and public debate. Iberdrola's executive chairman is one of the world's leading figures in the energy sector, having been an early champion of electrification through clean energy , smart grids and energy storage to strengthen energy autonomy, security and competitiveness. Since 2001, Ignacio Galán has led the profound transformation of Iberdrola, turning it into Europe's largest electricity company and one of the two largest worldwide by market capitalisation, now valued at more than €140 billion. Today, the company operates in dozens of countries and supplies electricity to 100 million people. Strong ties with Asturias During his speech, Galán highlighted the special significance of receiving the award in Asturias, a region with which he has long-standing personal and professional ties. The Iberdrola executive chairman underlined the principality's historic role as a driver of major transformations in Spain and praised its ability to combine tradition with modernity, entrepreneurship with culture, and a strong identity with an outward-looking point of view. Galán also noted that Iberdrola has witnessed – and played an active role in – the transformation of Asturias, which has evolved from an economy based on coal into a centre of development driven by electrification and clean energy. In just five years, Iberdrola has increased its procurement from Asturian suppliers to €1.6 billion while developing pioneering electrification projects that have helped create jobs, stimulate economic activity and generate new opportunities across the region. During his address, Galán stressed that the world is facing a historic opportunity to drive a new wave of industrialisation based on electrification, strengthening energy autonomy, improving competitiveness and advancing sustainability. In this context, he pointed out that over the past 25 years Iberdrola has invested almost €40 billion in Spain in clean energy, electricity networks and energy storage, and reaffirmed the company's ambition to consolidate its position as the country's leading industrial investor. The Iberdrola executive chairman emphasised that seizing this opportunity will require effective energy planning, a supportive regulatory framework and the investment capacity of leading companies. READ MORE
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03/08/2026 - 14:00 UTC +02:00Avangrid recognised as a leading employer for military personnel and veterans in the United States Avangrid, Iberdrola Group's US subsidiary , was recognised in July as a Military Friendly Employer 2026, an award that highlights organisations committed to recruiting, developing and supporting serving military personnel, veterans and their families. The recognition acknowledges Avangrid's policies and programmes to attract, develop and retain talent from the military community, fostering an inclusive workplace where the skills gained through military service – such as leadership, teamwork and adaptability – help drive growth and create value in the communities where the company operates. The award comes as the United States marks its 250th anniversary and recognises the company's initiatives to support the transition of service members into civilian careers. You can read the full story in the Avangrid Newsroom . READ MORE
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31/07/2026 - 11:29 UTC +02:00Iberdrola plans to double the capacity of Whitelee, the UK's largest onshore wind farm Iberdrola, through its UK subsidiary ScottishPower , has announced a plan to repower Whitelee, the country's largest onshore wind farm , in the coming years. The initiative, which would involve investments of €1.8 billion, involves replacing the current wind turbines with more modern and powerful turbines in the coming years, increasing the complex's capacity from the current 539 megawatts (MW) to 1,000 MW. Once completed, Whitelee would produce enough clean energy to supply more than one and a half million people. The project's positive impact also extends to boosting economic activity and employment, generating €380 million in gross value added for the Scottish economy over the next decade and hundreds of jobs. Whitelee is one of the leading benchmarks for electrification with renewables in Europe. Since it came online in 2008, the wind farm has supplied clean electricity to millions of homes and has become a strategic asset for the British electricity system. Repowering will make it possible to leverage existing infrastructure to extend its useful life and maximise its contribution to the electrification of the economy and decarbonisation. This project is part of Iberdrola's commitment to the UK, one of the Group's main investment destinations. Through ScottishPower, the company plans to invest £28 billion by 2028 to boost electrification, mainly through more electricity grids and renewable energy, contributing to energy independence, industrial competitiveness and job creation. READ MORE
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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. Project financed by the European Investment Bank. 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
