News
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03/02/2026 - 16:05 UTC +01:00Sphere Energy Connect, ScottishPower's new independent network operator, obtains distribution licence from Ofgem Sphere Energy Connect, the new independent distribution network operator of ScottishPower, a subsidiary of the Iberdrola Group in the United Kingdom , has reached a key milestone with the granting of a licence by the UK regulator, Ofgem. Through a customer-focused proposal designed to facilitate commercial relations, the new company continues to move towards full operation. This initiative, which aims to complement ScottishPower's comprehensive electricity offering, arose from the Group's Her Energy programme to promote and raise the profile of female leadership through high-impact business projects. Since then, Sphere Energy Connect has been established as a new legal entity, with a dedicated team of ScottishPower professionals, including three members of the original team. Sphere will focus on the last mile of the electrical network , a crucial segment that closes the circuit of the UK's electrical network by covering the final stretch from the distribution infrastructure connecting local transformer stations or substations to the point of electricity consumption. You can read the full story in the ScottishPower Media Room. READ MORE
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02/02/2026 - 16:53 UTC +01:00Iberdrola signs contract for new submarine electricity interconnector between Scotland and England The Iberdrola Group, through its UK subsidiary SP Energy Networks , has awarded Prysmian a contract worth €2.3 billion to manufacture the cable for the Eastern Green Link 4 submarine interconnector , a key electrical infrastructure for the future of the UK energy system. The new link, with a capacity of 2,000 MW, will connect Fife in Scotland with Norfolk in England using high-voltage direct current (HVDC) technology. It is scheduled to come into operation in 2033 and will enable the transmission of enough renewable energy to supply more than 1.5 million homes. Eastern Green Link 4 will strengthen the country's ability to transfer electricity between regions, reduce constraints on electrical networks and increase security of supply. It will also facilitate the integration of new clean energy sources and support industrial development and economic growth. Prysmian will manufacture more than 640 kilometres of cable for this project, including 530 kilometres of HVDC submarine cable and more than 116 kilometres of underground cable. This technology allows large volumes of energy to be transported over long distances with maximum efficiency, a decisive factor in advancing towards national clean energy generation targets. Planning applications for the project, developed by SP Energy Networks and National Grid Electricity Transmission, will be submitted in Scotland and England throughout 2026. Following approval by the Secretary of State for Energy Security and Net Zero Emissions, construction is expected to start in 2029 and the interconnector is expected to come on stream in 2033. SP Energy Networks and National Grid are also working on Eastern Green Link 1, another 2,000 MW link whose construction began in 2025 and which will connect Torness in Scotland with Hawthorne Pit in England. In December 2025, the regulator Ofgem authorised ScottishPower to invest around €14 billion in the modernisation and expansion of the electrical networks in central and southern Scotland. ScottishPower will build two submarine links using HVDC technology, Eastern Green Link 1 and Eastern Green Link 4, which will connect Scotland and England via the east of the British Isles. In addition, the Western Link 2 project, still in the study phase, will connect Scotland and Wales via a submarine link to the west of the country. These actions will be rolled out until 2031 and triple the investment allocated in the previous regulatory period. With these initiatives, Iberdrola is moving forward in line with the electrification targets set by the British Government in its 'Clean Power 2030 Plan'. Iberdrola's commitment to the United Kingdom The United Kingdom is one of the Iberdrola Group's strategic markets. The company plans to invest €20 billion until 2028, focusing primarily on the development and modernisation of distribution networks and renewable energy projects. In this way, the company is helping to strengthen the country's energy security and autonomy and promote a more sustainable and competitive system. READ MORE
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02/02/2026 - 10:20 UTC +01:00Iberdrola and Norges Bank Investment Management’s co-investment alliance reaches 1,500 MW of renewable installed capacity Iberdrola and Norges Bank Investment Management have reached 1,500 megawatts (MW) of renewable capacity in operation through their strategic alliance. This new contribution includes the Caparacena (330 MW) and Ciudad Rodrigo (316 MW) photovoltaic plants, located in Granada and Salamanca (Spain). As with previous additions to the co-strategic long-term alliance, Iberdrola will retain a 51% majority ownership in these assets. With these contributions, the companies continue to strengthen their over €2 billion co‑investment partnership in Spain and Portugal. Therefore, additional assets currently in advanced stage of construction are expected to be contributed in the near future to the joint venture, which was created in 2023 to accelerate electrification with an initially focused on Iberia, but with the potential to expand into other geographies. Specifically, Caparacena and Ciudad Rodrigo already produce clean energy to supply more than 800,000 people a year in the region of Granada and Salamanca and contributes to avoiding the emission of 85,000 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 worldwide, averaging 1.5% of all listed companies globally and 2.5% across 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 longstanding relationship, Norges Bank Investment Management joined forces with Iberdrola to make its first direct investment in renewable assets in Spain. This partnership brings together two leaders in their sector: Iberdrola, Europe’s largest utility by market capitalisation, and Norges Bank Investment Management, one of the world’s largest sovereign wealth funds. Together, they are reinforcing a long-term strategic alliance that could expand into new renewable opportunities in additional markets. READ MORE
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30/01/2026 - 14:30 UTC +01:00Ignacio Galán in Davos: It is urgent to expand the electricity grid in the face of booming digital and industrial demand El presidente de Iberdrola , Ignacio Galán, ha advertido de la necesidad crítica de ampliar y modernizar las redes eléctricas a escala global para poder responder al rápido crecimiento de la demanda derivada de los centros de datos, la industria y la electrificación de la economía. Así lo ha señalado en una entrevista concedida a The Wall Street Journal con motivo de la celebración del Foro Económico Mundial de Davos . READ MORE
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30/01/2026Iberdrola receives €44 million for three battery storage projects in Poland Iberdrola Renewables Polska, a subsidiary of the Iberdrola Group in Poland , has secured €44 million (PLN 186 million) in funding from the Polish National Fund for Environmental Protection and Water Management for the construction of three battery energy storage systems (BESS) with a combined capacity of 160 megawatts (MW). The projects include the Pniewnik 1 (38 MW) and Pniewnik 2 (42 MW) BESS facilities in the Mazovia region, as well as the Zushi BESS project (80 MW) in the Lower Silesia region. These systems store electrical energy as chemical energy during periods of low demand and discharge it when required, such as during peak consumption or when renewable energy generation is low. Iberdrola is advancing efficient energy storage technologies in Poland as a key enabler of electrification . The company’s project portfolio in the country currently totals 940 MW and includes a dozen BESS projects across various regions. READ MORE
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30/01/2026 - 12:40 UTC +01:00Avangrid renews collaboration with Yale to drive energy innovation Avangrid, Iberdrola Group’s subsidiary in the United States , announced in late January the renewal of its collaboration agreement with Yale University in Connecticut. Avangrid CEO José Antonio Miranda attended the ceremony and pledged the company’s continued support for Yale’s innovative research, which is helping to drive a smarter energy future while strengthening energy reliability and adaptability in an ever-evolving energy landscape. The collaboration between Avangrid and Yale, which began in 2019, has recently supported research topics such as the adoption of heat pumps, energy storage and energy policy. To date, the collaboration has delivered high-impact projects with real-world potential, including an assessment of the feasibility of integrating solar energy in Connecticut, a study of network benefits for grid interconnections and the creation of a bespoke leadership programme for Avangrid executives. You can read the full story in Avangrid’s communication room . READ MORE
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29/01/2026Iberdrola’s subsidiary in Brazil receives the Ibero-American Quality Award in the Gold category for its operational excellence Neoenergia, Iberdrola's subsidiary in Brazil , as been recognised with the Ibero-American Quality Award in the Gold category for its high operational standards and the performance of its five distribution companies. The award is a project attached to the Ibero-American Summit of Heads of State and Government, coordinated by SEGIB (the Ibero-American General Secretariat) and managed by FUNDIBEQ (the Ibero-American Foundation for Quality Management). Eduardo Capelastegui, CEO of Neoenergia, collected the award at a ceremony held in the Assembly Hall of the Spanish National Research Council (CSIC) in Madrid, Spain. This is the first time in the 26 editions of the Ibero-American Quality Award that a business group has been honoured, as Neoenergia received the distinction together with its five distributors. With more than 16,000 employees, Neoenergia also becomes the largest organisation to receive the award. The Ibero-American Quality Award, which reinforces the Group’s commitment to responsible management aligned with social impact and sustainability , is the highest distinction granted in the region to public and private organisations. Candidates are evaluated using the Ibero-American Model of Excellence in Management, which integrates key aspects such as innovation , digitalisation, sustainability and risk management. Since its creation in 1999, the award has established itself as a hallmark of international prestige. At the same ceremony, Iberdrola Mexico received an award, also in the Gold category, for DestElla, a social programme that promotes the development and empowerment of girls and women through sport. Since its launch in 2024, the programme has benefited more than 8,500 participants. Katya Somohano, CEO of Iberdrola Mexico, collected the award. The Iberdrola Group has already been recognised in previous editions of the Ibero-American Quality Award. In 2014 and 2016, the distributor Neoenergia Elektro was awarded the Gold category. In 2019 and 2021, Iberdrola Mexico received the Silver category, and in 2024 it achieved the Gold category. You can read the full news stories in Neoenergia's Media Room and Iberdrola Mexico's Media Room (in Spanish). READ MORE
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29/01/2026Iberdrola completes the sale of its gas plants for slurry treatment to Edison Next Iberdrola has closed the sale of its portfolio of gas assets for slurry treatment in Spain to the energy services company Edison Next. The deal was previously announced on 1 December. The portfolio comprises five slurry treatment plants in operation, which were developed more than 20 years ago and total 52 MW, as well as four biomethane projects located in nearby areas that are under development. The completion of this transaction is part of Iberdrola's asset rotation and alliance plan and is in line with its strategy of driving a transformation towards businesses with greater growth opportunities, mainly electrical networks and renewable generation. In this regard the Group has carried out various transactions in recent months, such as the acquisition of its partner PREVI's stake in its Brazilian subsidiary Neoenergía and the subsequent announcement of a takeover bid to acquire 100% of the capital; the alliance with Masdar to co-invest €5.2 billion in Iberdrola's largest offshore wind farm, East Anglia Three, located in the United Kingdom and with a capacity of 1,400 MW; and recent divestment agreements in Mexico, Hungary and France. READ MORE
