News
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25/06/2026 - 16:20 UTC +02:00Iberdrola inaugurates Fénix, its largest photovoltaic plant in Italy with 243 MW Iberdrola has inaugurated its largest photovoltaic plant in Italy in Sicily. With 243 MW, Fénix is already in operation and its annual production is close to 400,000 MWh, enough to cover the equivalent consumption of more than 140,000 homes. Located between the municipalities of Centuripe, Paternò and Belpasso, in the provinces of Enna and Catania, Fénix reinforces the country's clean and indigenous generation capacity. The facility, whose construction has been carried out by more than 500 professionals at the peak, has more than 413,000 bifacial photovoltaic modules and is connected to the electricity system through 26 kilometres of medium voltage lines and 9 kilometres of high voltage lines. This is a key infrastructure to boost the electrification of the productive fabric: most of its production is committed through long-term purchase agreements (PPAs ) with top-tier Italian companies, which helps to stabilise its energy costs, guarantee security of supply and strengthen its competitiveness. The opening ceremony was attended by Hugh Elliott, executive president of Iberdrola Energía Internacional, and Valerio Faccenda, country manager of Iberdrola Italia, as well as institutional representatives, including Miguel Ángel Fernández-Palacios Martínez, Spanish ambassador to Italy, as well as regional and municipal authorities. Fénix is a milestone in Iberdrola's growth in Italy . Its implementation contributes to a safer, self-sufficient, sustainable and efficient energy model that boosts job creation, industrial competitiveness and the well-being of communities. READ MORE
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25/06/2026 - 14:44 UTC +02:00Iberdrola’s Chief Financial Officer, José Sainz Armada, is the new chairman of the subsidiary Iberdrola España José Sainz Armada has today been appointed chairman of Iberdrola España, a role he will combine with his current duties as the Group’s Chief Financial Officer. His appointment recognises Sainz Armada’s role in Iberdrola’s sustained growth and international consolidation, which have always been consistent with maintaining financial strength and a policy of increasing dividends. Over almost 25 years as CFO, José Sainz has also become a leading figure in the sector in the eyes of the financial markets. With this appointment, Iberdrola España will now also be chaired by a Group executive , in line with the model already in place at other sub-holding companies such as ScottishPower (United Kingdom), Avangrid (United States) and Neoenergia (Brazil), chaired by Ignacio S. Galán, and Iberdrola Energía Internacional, chaired by Hugh Elliott. A key figure in Iberdrola’s growth and financial strength José Sainz Armada (Madrid, 1959) holds a degree in Law and Business Administration from ICADE and an MBA from INSEAD, and has had an extensive career in the financial and energy sectors. Before joining Iberdrola in 2002, he held senior positions at J.P. Morgan, Argentaria and BBVA. He has served as the Group’s Chief Financial Officer for almost 25 years and has been named the best CFO in the sector in Europe on several occasions at awards such as those organised by Institutional Investor, Extel and IR Magazine. José Sainz is also a director of ScottishPower, Neoenergia and Avangrid, and chairman of Iberdrola Inmobiliaria. READ MORE
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25/06/2026Iberdrola and bp advance green hydrogen development as a key enabler of electrification Iberdrola España, the Iberdrola Group's subsidiary in Spain , and bp have received approval from Spain’s Ministry for Ecological Transition and the Demographic Challenge, through the Institute for Energy Diversification and Saving (IDAE), to reallocate up to €211 million in funding from the Hy2USE IPCEI programme to their project in Castellón. The funding will allow the companies to explore opportunities to expand renewable hydrogen production at bp’s refinery in Castellón. The project is part of the strategic partnership between Iberdrola and bp to develop new energy solutions that help industrial customers replace natural gas with renewable energy produced in Spain. Renewable hydrogen could also play an important role in decarbonising hard-to-abate sectors such as ceramics and chemicals, further strengthening its contribution to the energy transition. The facility, which also involves the Energy Technology Institute (ITE) in Valencia and has secured an additional €15 million through the NextGenerationEU programme, is expected to begin producing renewable hydrogen before the end of this year. By 2026, it is set to become the largest operational green hydrogen plant in Spain. The project reflects Iberdrola’s commitment to innovation and to scaling up renewable technologies that support the electrification of the economy. You can read the full news story at the Iberdrola España Press Room . READ MORE
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24/06/2026 - 19:18 UTC +02:00Iberdrola is building its first large-scale battery in the United States Iberdrola is expanding its investments in energy storage into the United States market with the construction of its first battery facility in the country. The Shutler project, located in Gilliam County, Oregon, has an installed capacity of 41 megawatts (MW) and a storage capacity of 82 megawatt-hours (MWh). Shutler will help to strengthen the stability of the electricity grid in the north-west of the country, on the Pacific coast, where Avangrid — the Group’s US subsidiary — already has 3,000 MW of generation capacity. The project forms part of Iberdrola’s strategy to implement solutions that facilitate the integration of renewable energy and improve the system’s resilience against a backdrop of growing electricity demand. The project will enable energy to be stored during periods of low consumption or high renewable generation and released when necessary, optimising the energy system and promoting a real-time balance between supply and demand. This type of infrastructure is becoming increasingly important in the context of growing electrification. The project, which is scheduled to come on stream in 2027, will be located alongside other Avangrid renewable energy facilities already in operation or under development in the area. READ MORE
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24/06/2026 - 16:30 UTC +02:00Iberdrola boosts the flexibility of the electricity grid in the UK SP Electricity North West, the distribution business of ScottishPower, subsidiary of the Iberdrola Group in UK , has launched a new flexibility tender worth up to £14 million. The initiative aims to secure 779 MW of flexible capacity across several areas of north-west England, further strengthening the role of smart grids in the energy transition. By bringing together a wide range of flexibility providers, SP Electricity North West is creating new revenue opportunities while helping to keep costs down for consumers. The programme will also support the continued expansion of flexibility services across all voltage levels, reinforcing the company's role as an active distribution system operator. The tender marks another step forward in Iberdrola's strategy to accelerate the integration of cleaner energy sources, make more efficient use of electricity networks and build a more resilient power system. Flexibility plays a vital role in balancing electricity demand and generation in real time, particularly as electrification continues to gather pace. You can read the full story in the ScottishPower Media room. READ MORE
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24/06/2026 - 10:21 UTC +02:00Ignacio Galán receives the Atapuerca Foundation’s ‘Evolution in Human Values’ Award The Atapuerca Foundation has honoured Iberdrola’s Executive Chairman , Ignacio Galán, with the Evolution Award for Human Values, a recognition that highlights his contribution to social progress and the promotion of initiatives aligned with the principles of human development and sustainability. The award was announced by the president of the Atapuerca Foundation, Antonio Miguel Méndez Pozo, during the organisation’s Board of Trustees meeting, at which the other winners for this year were also revealed. Alongside Sánchez Galán, Queen Mother Sofía has been honoured with the Emiliano Aguirre Prize, whilst the anthropologist Carlos Peretto will receive the Prize for Scientific Achievement. The awarding of the Evolution and Human Values Prize to Galán reinforces the link between the Atapuerca Foundation and those figures whose professional careers have helped to promote the values of progress, social commitment and sustainable development – pillars that the institution considers fundamental to the evolution of society. READ MORE
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23/06/2026 - 16:20 UTC +02:00Iberdrola is making progress in modernising New York’s electricity grid with a new power transmission project New York State Electric & Gas (NYSEG), a distribution company owned by Avangrid, subsidiary of the Iberdrola Group in the United States , has completed major upgrades to around 13 miles of transmission lines in Allegany and Steuben counties, New York State. The project, known as Line 932, was completed three months ahead of schedule and under the initial budget, resulting in savings of over $2 million for customers. Furthermore, it was the first project to be completed under NYSEG’s Powering New York programme, an initiative aimed at increasing the reliability and capacity of the grid and supporting the state’s energy objectives. The project strengthens the reliability and resilience of the local electricity grid by replacing 58 ageing structures along a 12.8-mile stretch of line. These improvements will also enable progress to be made on the installation of a power flow control device near the Bennett substation in Hornell, with the aim of regulating voltage more efficiently and increasing the transmission system’s capacity. Upgrading this infrastructure will also help facilitate the connection of existing and future generation facilities, supporting the energy and economic development of New York State. You can read the full news story on the Avangrid Media room. READ MORE
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22/06/2026 - 10:30 UTC +02:00Iberdrola secures €130 million in financing from the Japan International Cooperation Agency to modernise Brazil’s electricity networks Neoenergia Coelba, a distribution company owned by Neoenergia, subsidiary of the Iberdrola Group in Brazil has signed a financing agreement worth 780 million Brazilian reais (approximately €130 million) with the Japan International Cooperation Agency (JICA), an agency operating under Japan’s Ministry of Foreign Affairs. The financing will support the modernisation of the electricity distribution network in the state of Bahia, the largest in north-eastern Brazil. The investment is aimed at improving energy efficiency while enhancing the quality and reliability of electricity supply. The project forms part of a broader investment plan under which around €4.5 billion will be invested in Bahia’s electricity infrastructure by 2030. The agreement represents a landmark transaction in sustainable finance, as it is the first JICA loan worldwide to be linked to sustainability performance indicators. It also marks the launch of the sustainable finance framework developed by the Japanese agency in partnership with MUFG Bank, further underscoring Iberdrola’s position as a global leader in mobilising capital to accelerate the energy transition. The project is part of the international cooperation agenda surrounding COP30, which will take place in Brazil in November 2025, and is aligned with JICA’s MIDORI Initiative, which promotes responsible investment in green sectors outside Japan, with a particular focus on Latin America. For Iberdrola, the financing will help advance the development of stronger, more efficient electricity networks capable of supporting growing electrification. READ MORE
