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18/08/2025 - 18:37 UTC +02:00Iberdrola’s management team meets in Bilbao as company hits record market valuation Iberdrola Executive Chairman, Ignacio Galán , met today in Bilbao with the company’s management team during his traditional gathering held on the occasion of Bilbao’s Aste Nagusia. Executive Chairman Galán congratulated the people of Bilbao on their Semana Grande festivities and reaffirmed the company’s Basque roots, as it prepares to celebrate its 125th anniversary next year. The meeting comes just weeks after the completion of two major operations for Iberdrola: a €5 billion capital increase to finance growth investments in the networks business in the United Kingdom and the United States , and the agreement reached for the divestment of operations in Mexico for $4.2 billion. The market has responded very positively to both transactions, with a share price increase of more than 7% since the capital increase was executed, comfortably surpassing the pre-operation valuation. As a result, Iberdrola now exceeds €108 billion in market capitalization, consolidating its position as the leading private utility in Europe and the second largest in the world by market capitalization. Commitment to the Basque Country Iberdrola’s economic impact in Euskadi in 2024 exceeded €3.5 billion, with a total contribution of more than €11 billion to the Basque economy over the past three years. Specifically, Iberdrola contributed nearly €800 million to the Basque tax authorities in 2024, a 15% increase, and made purchases worth more than €2 billion from over 520 Basque suppliers. READ MORE
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31/07/2025 - 18:20 UTC +02:00Iberdrola agrees to sell businesses in Mexico for $4.2 billion The operation responds to expectations of organic investment of €55 billion in transmission and distribution electricity networks in its subsidiaries in the US (Avangrid Networks), the UK (ScottishPower Energy Networks), Brazil (Neoenergia) and Spain (i-DE), which will almost double its regulated asset base to €90 billion in the coming years. This strategy has already led Iberdrola's British subsidiary, ScottishPower, to acquire the Electricity North West distribution company, which serves the northwest of England, just a year ago for €5 billion. Together with the recently executed capital increase, operating cash flow and current liquidity, the transaction secures the resources to meet the Group's investment plans in the coming years. The deal, which assumes a valuation multiple of $1.6 million per operating MW, includes an installed capacity of 2.6 GW in operation -1,368 MW of combined cycle and cogeneration plants and 1,232 MW of wind and photovoltaic assets-, the commercial activity and the portfolio of generation projects, which the buyer intends to put into operation in the future in line with its expansion plans in the country and the frameworks created by the Government of Mexico to promote new generation. As these projects are completed, the buyer would make payments to Iberdrola in addition to the agreed $4.2 billion. The transaction is subject to obtaining the necessary regulatory approvals. READ MORE
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28/07/2025 - 08:02 UTC +02:00Iberdrola and Echelon create a joint venture to develop data centres in Spain Iberdrola and Echelon Data Centres, a leading owner and operator of large-scale data centre infrastructure in Europe, have announced a strategic joint venture to build and operate data centres in Spain. This is the largest binding agreement of its kind in Europe between an energy company and a developer of this type of technology infrastructure. Under this agreement, Iberdrola will hold a 20% stake through its subsidiary CPD4Green and will be responsible for identifying and securing land with connection to the electricity grid where the centres will be developed. It will also supply electricity to the centres 24/7. Echelon, a Dublin-based tech company owned by Starwood Capital Group, will own 80% of the company and will be in charge of the development, design, marketing and day-to-day management of the joint venture. The first project this joint venture will carry out will be Madrid Sur, a 160,000 m² complex that will offer 144 megawatts (MW) of data processing and has already secured a 230 MW electricity connection. This centre, which will create around 1,500 jobs and is expected to be operational before 2030, will require 1 terawatt hour (TWh) of power, which will be supplied by a solar photovoltaic plant to be built on site, complemented by additional clean energy capacity from Iberdrola. ‘This agreement reinforces Iberdrola's strategy of facilitating the development of data centres, which have become a key driver of growth in electricity demand. The joint venture signed with Echelon will allow us to leverage our portfolio of sites with access to electricity connections and our ability to offer these infrastructures secure, clean and competitive energy 24 hours a day, 365 days a year,’ said David Mesonero Molina, Director of Corporate Development at Iberdrola. David Smith, Director of Investments at Echelon Data Centres, said, ‘Entering the data centre market in Spain has been a strategic objective for Echelon for several years. Spain offers significant benefits for our customers: access to large-scale renewable energy at some of the lowest prices in Europe and large construction and operating capacities. Our partner, Iberdrola, is a global energy leader and we are delighted to have this opportunity to partner with them to offer our customers the best data processing infrastructure.’ A business with high growth potential Iberdrola already sells more than 11 TWh to tech companies and operators of these infrastructures worldwide, making it a leader in data centre electricity supply. Its subsidiary CPD4Green, dedicated to facilitating the development of data processing infrastructures, already has a portfolio of sites for 700 MW in Spain and has the potential for another 5,000 MW. In recent years, Spain has established itself as the gateway for global data to the European continent. More than 70% of data traffic to Europe passes through Spain thanks to its fibre optic network, submarine connections, availability of clean and competitive energy and its electricity grid. READ MORE
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23/07/2025 - 15:06 UTC +02:00Iberdrola successfully completes the capital increase of €5 billion, oversubscribed by 3.8 times Iberdrola has successfully closed the accelerated capital increase of €5 billion, aimed at financing the investment plan in electricity grids in the United States and the United Kingdom. The transaction was oversubscribed by 3.8 times, demonstrating the strong market support for the company's strategy. The capital increase closed at a price of €15.15 per share, above the guaranteed price and 7.5% higher than the average share price of the last year. During the same period, shareholder remuneration reached €0.645 per share, including the final dividend, already discounted, which becomes effective tomorrow, July 24. The operation was carried out at a discount of 4.687% to the closing share price yesterday, July 22. The new shares are scheduled to begin trading on July 25. The quality of the book has been very high, with broad participation from top-tier investors, both current and new, and with broad international diversification. This expansion will allow Iberdrola to take advantage of unprecedented investment opportunities in the network business, estimated at €55 billion between 2026 and 2031, representing an increase of 75% compared to the previous period. These investments will be made in markets with stable and predictable regulatory frameworks, and attractive returns, with an estimated average return on equity of around 9.5% in net terms. Europe's leading utility by capitalisation and one of the two largest in the world expects its network asset base to exceed €90 billion by 2031, compared to €30 billion in 2020, a 3-fold increase in just a decade. The transaction is part of Iberdrola's growth strategy , focused on electricity grids in countries with high credit ratings and favourable regulatory policies. The company’s cash flow, asset rotation and alliance operations and growing liquidity will, together with this capital increase, be sufficient to undertake the huge investments planned. It allows the maintenance of credit ratios compatible with the Baa1/BBB+ credit rating and the shareholder remuneration policy. In addition to the positive impact on financial strength, the transaction will have a favourable effect on earnings per share (EPS), by allowing a greater volume of investments to be undertaken with attractive returns. This reinforces the prospects for mid-to-high single-digit growth in net profit through to the end of the decade. Iberdrola will present more details on its strategy and growth prospects at its next Capital Markets Day , which will be held in London on 24 September 2025. READ MORE
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23/07/2025 - 07:53 UTC +02:00Investments of €17.3bn in the last year raise Iberdrola's H1 2025 profit to €3.56bn The company will hold its Capital Markets Day in London on September 24 . READ MORE
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17/07/2025 - 09:00 UTC +02:00Iberdrola completes the acquisition of the electricity business of Electra del Maestrazgo in Castellón and Teruel Iberdrola has completed the acquisition of the energy distribution, marketing and generation business of Electra del Maestrazgo, a family-owned utility based in Castellón. The CNMC has announced its approval of the transaction. Electra del Maestrazgo has 1,350 km of medium and low voltage lines, 21,000 supply points, 19,000 customers and 6.8 MW of installed capacity with photovoltaic plants and hydroelectric generation. These assets will be integrated into Iberdrola's business, strengthening its operations and presence in the region. With this purchase, Iberdrola reinforces its commitment to energy efficiency in the provinces of Castellón and Teruel. The transaction is in line with Iberdrola's strategic plan , which focuses on the sale of non-strategic assets and reinvestment in assets that are relevant to the company's current business and objectives, such as smarts grids . With the recent sale of Maine Natural Gas and the acquisition of Electra del Maestrazgo's electricity business, a capital movement has been executed in line with this strategy. This acquisition is expected to have a positive impact on Iberdrola's results , consolidating its position as a leader in the energy sector. READ MORE
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16/07/2025 - 12:10 UTC +02:00Iberdrola signs a €2.5 billion credit line with 32 international banks Iberdrola this morning signed a €2.5 billion credit line, as it continued to strengthen its liquidity and diversify its funding sources. The deal, closed with 32 international banking institutions, was oversubscribed by 45%, reflecting the confidence of the banking sector in Iberdrola’s creditworthiness and strategy. Iberdrola is the largest utility in Europe and one of the two largest in the world by market capitalisation. The credit facility has a term of five years, with the option to extend for a further two years. It is a multi-currency facility and has the most competitive cost of all credit lines currently available to Iberdrola. Avangrid, Iberdrola’s subsidiary in the United States , has joined the deal due to the significant growth opportunities in the country, which has already become the Group’s main investment destination. During the signing, Iberdrola’s Executive Chairman, Ignacio Galán , stated: “This deal strengthens our capacity to continue increasing our investments in networks , renewables and storage, to meet the strong growth in demand driven by electrification in countries such as the United States and the United Kingdom. This credit facility once again demonstrates the full confidence of the international financial community in our growth strategy, through which we promote energy self-sufficiency and security, economic growth and social well-being.” With this transaction, the company has reinforced its liquidity, which stood at €20.9 billion at the end of the first quarter, and strengthens its leadership in sustainable financing by linking the cost of the credit facility to the achievement of decarbonisation targets and the alignment of its investments in networks, renewables and storage with the European Union taxonomy. BBVA acted as co-coordinator and agent bank, and Bank of America as co-coordinator. The sustainability coordinators were BBVA, BNP Paribas and Crédit Agricole. Following the agreement signed today, more than 97% of the company’s credit lines are now sustainable. Innovative and sustainable financing In recent days, Iberdrola has closed two financial deals that have shown its ability to mobilise large amounts of capital and the strong interest it attracts from leading international banking institutions. Last week, the company closed one of the largest green financing deals in Europe, worth €4.1 billion, for its East Anglia THREE offshore wind farm, with the participation of 24 banks. READ MORE
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11/07/2025 - 17:49 UTC +02:00Iberdrola breaks its distributed energy record with more than 124,000 GWh The electricity distributed by Iberdrola exceeded 124,201 GWh in the first half of 2025, representing an increase of 4.8% compared to the same period of the previous year, as reported to the Spanish National Securities Market Commission (CNMV). The growth has been particularly notable in the United Kingdom, where distributed energy has increased by more than 30%, exceeding 20,000 GWh, thanks to the integration of the British distributor ENW. In Spain, distributed electricity increased by 2.5% to 44,871 GWh in the first half of the year. More local generation to provide security of supply and energy autonomy Likewise, Iberdrola's own generation has reached 66,300 GWh during the first six months of the year, 2.3% more than in the same period of the previous year. By country, the production increases at Iberdrola Energía Internacional (+15.7%) stand out, thanks to the 68% growth in offshore wind farms in France and Germany; in Brazil (+11.7%), driven by higher hydroelectric production; and in Spain (+6.4%), with growth in both renewable technologies (especially solar) and nuclear and combined cycles. By technology, the improvement in offshore wind production in the second quarter (+42%) and the good performance of solar wind power stand out, which increased by 57.4% in the last three months. This growth in generation has been possible thanks to investments in new capacity, which reaches 57,273 MW after having commissioned 1,800 MW. In particular, the Group's renewable capacity has exceeded 45,000 MW worldwide for the first time – specifically it has closed at 45,082 MW – with a growth of around 4%, and now accounts for 79% of the Group's total capacity. In this way, Iberdrola continues to promote energy self-sufficiency and security in all the countries where it operates, generating 91% of its production in Spain without emissions and 100% in countries such as the United Kingdom, the United States, Australia, Brazil, France, Italy, Germany, Poland, Portugal and Greece. Commitment to the transformation of the sector These data confirm Iberdrola's growth path in both electricity networks and renewable generation thanks to the investments made, which reach 175 billion euros in the last twenty-five years. With this, Iberdrola promotes a safer, more efficient, cleaner and more competitive energy system in all the countries in which it operates. READ MORE
