Avangrid had been trying to renegotiate contracts for its 1,200-megawatt Commonwealth Wind power project to no avail. According to Iberdrola, the new installation is presented as a “key” project for the United States to reach the goal of reaching 30,000 MW of offshore wind capacity by 2030. The US subsidiary of Iberdrola (BME:IBE), Avangrid, announced … Continue reading Avangrid (Iberdrola) asks to back out of offshore wind contracts for offshore wind farm Martha Vineyard
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Skateboarding down the La Magdalena wind farm
Iberdrola has challenged Spanish rider Alejandra Cárdenas, one of the best downhill riders in the world, to cross at full speed one of its pioneering wind farms in Castilla y León, specifically in the province of Burgos, – La Magdalena – whose wind turbines rise up to 55 metres, with a gradient of up to … Continue reading Skateboarding down the La Magdalena wind farm
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Iberdrola’s investment commitment to renewable energy in Portugal
Portugal’s Prime Minister António Costa has presented the new procedures to speed up renewable projects in the country from the Alcochete solar plant, which has just completed its construction. Iberdrola has reaffirmed its commitment to clean energy in Portugal and announced that it will accelerate its investments to expand the country’s renewable capacity during a … Continue reading Iberdrola’s investment commitment to renewable energy in Portugal
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Iberdrola doubles its investment in R+D+i, to reach 4,000 million euros in 2030
Iberdrola, the private utility that invests the most in R&D worldwide, has invested more than €2 billion in the last ten years. Iberdrola takes another step forward in its commitment to innovation. The company aims to exceed €4 billion of investment in Innovation, Development and Research (R&D&I) activities by 2030. Thus, it will double its … Continue reading Iberdrola doubles its investment in R+D+i, to reach 4,000 million euros in 2030
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New Iberdrola wind farm in Greece
Iberdrola has begun commissioning of Askio III wind farm, located in the town of Galatini, in the region of Western Macedonia, Greece. With an installed capacity of 50 MW, it will be capable of supplying enough clean, affordable and locally produced energy to meet the annual needs of more than 54,000 homes. In just over six … Continue reading New Iberdrola wind farm in Greece
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Iberdrola enhance the detection of incidents in its distribution networks
Iberdrola is strengthening one of its key business areas: distribution and transmission networks. Through its PERSEO start-up programme, the utility is seeking solutions that enable the early detection of incidents in the installations and equipment of the transformation centres responsible for modifying the voltage so that end users can make use of the energy. The … Continue reading Iberdrola enhance the detection of incidents in its distribution networks
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More than 80% of Iberdrola’s high and medium voltaje grids worldwide will be smart by 2025
As part of its strategy towards energy transition, and with the aim of contributing to the decarbonisation of the economy, Iberdrola is committed to digitalising more than 80% of its transmission and distribution networks by 2025. Grids are the backbone of the new energy model and the way forward for the transition to a green economy, … Continue reading More than 80% of Iberdrola’s high and medium voltaje grids worldwide will be smart by 2025
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Iberdrola: €1.5 billion green bond with strong investor support
Iberdrola has tapped the fixed income market in Europe, as it did in March, successfully closing a double-tranche transaction for a combined amount of €1.5 billion: €750 million with a six-year maturity and €750 million with a ten-year maturity, in both cases in green format, increasing the amount expected due to the high demand received. … Continue reading Iberdrola: €1.5 billion green bond with strong investor support
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Iberdrola presents its Climate Action Plan at COP27
The company has set itself the goal of achieving emissions neutrality in its generation plants and own consumption by 2030 and reaching zero net emissions in all its activities by 2040. In line with its commitment to biodiversity protection, Iberdrola will also achieve a net positive impact on species and ecosystems by 2030. Both targets … Continue reading Iberdrola presents its Climate Action Plan at COP27
Continue readingIberdrola to invest record €47bn in the energy transition in 2023-2025
Growth based on investments in electricity networks and a selective approach to renewables Improving earnings quality and protecting balance sheet strength through geographical diversification and a prudent financial model Highlights:– Record investment plan of €47bn to 2025, driven by organic investments in all markets and PNM Resources transaction.– Strong financial ratios during the … Continue reading Iberdrola to invest record €47bn in the energy transition in 2023-2025
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Iberdrola start a partnership with AXA IM for the development of wind energy
The French company would join as a minority shareholder for the development of a 1000 MW wind farm in Normandy, if Iberdrola is awarded the project. The Iberdrola group and AXA IM Alts today signed a Memorandum of Understanding to collaborate in the deployment of offshore wind energy in France. Under this agreement, the French … Continue reading Iberdrola start a partnership with AXA IM for the development of wind energy
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Accelerating the energy transition at the Climate Summit in Egypt, COP27
The company, which has participated in every COP since 2015, has invested 120 billion euros over 20 years in its commitment to clean energy. Iberdrola is organising 30 events at COP27 and will participate in the main climate ambition and decarbonisation events. It will hold meetings with climate leaders as a leading company in the … Continue reading Accelerating the energy transition at the Climate Summit in Egypt, COP27
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Supply green hydrogen to CAF in Zaragoza for the dynamic tests of the demonstrator train of the FCH2RAIL project
The company has supplied this 100% sustainable fuel from the hydrogen plant it has in operation in the Zona Franca of Barcelona, the first in Spain for commercial use. The Green Mobility PLAZA project, which continues to make progress in its search for aid at European level and is working to consolidate demand, already has … Continue reading Supply green hydrogen to CAF in Zaragoza for the dynamic tests of the demonstrator train of the FCH2RAIL project
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Iberdrola advances its photovoltaic deployment in Portugal with a new plant
The company has completed the construction of ‘Conde’, its second photovoltaic installation in the country, which will produce enough clean energy for 5,000 homes. The company progresses in construction and permitting of five additional solar projects awarded in 2019 auction Iberdrola is making progress in its photovoltaic deployment in Portugal with the completion of the … Continue reading Iberdrola advances its photovoltaic deployment in Portugal with a new plant
Continue readingIberdrola announces its financial results for Q3 2022
Financial Highlights o Net Profit of €3.1 billion (+29%), driven by strong international performance (mainly in the United States and Brazil) and a 14 % increase in investments to €7.6 billion (€10.5 billion year-on-year).o Ebitda increased by 17% to €9.53 billion.o Operating cash flow reached €8.2 billion, up 28% Business Model Resilience in the current … Continue reading Iberdrola announces its financial results for Q3 2022
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Iberdrola starts up the world’s first wind-solar hybrid plant in Australia
The 317 MW total capacity project combines a 210 MW wind farm and a 107 MW photovoltaic plant. The plant will be able to generate enough clean energy to power 180,000 homes and will prevent the emission of 400,000 tonnes of CO2 per year. Iberdrola has started the commissioning in Australia of its first wind-solar … Continue reading Iberdrola starts up the world’s first wind-solar hybrid plant in Australia
Continue readingIberdrola’s renewable energy production exceeds 55,500 GWh in the first nine months, thanks to the strong performance of onshore wind energy
Iberdrola remains committed to renewable energies as the only way to reduce dependence on fossil fuels and promote energy self-sufficiency, which is so necessary at a critical time like the present. Renewable energy production stood at 55,503 GWh in the first nine months, thanks to new installed capacity and the positive performance of onshore wind … Continue reading Iberdrola’s renewable energy production exceeds 55,500 GWh in the first nine months, thanks to the strong performance of onshore wind energy
Continue readingIberdrola seeks solutions to protect its power lines from climate change
The electricity company aims to avoid some of the faults caused in distribution networks by falling trees in forest environments The company has more than 1.1 million kilometres of transmission lines in the United States, Brazil, the United Kingdom and Spain Distribution lines are one of the pillars of the electricity system worldwide, and even … Continue reading Iberdrola seeks solutions to protect its power lines from climate change
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Iberdrola and Sempra Infrastructure sign agreement to develop hydrogen and green ammonia projects in the United States
It provides a framework for companies to identify, evaluate and develop large-scale hydrogen and green ammonia projects with renewable energy. The initial regions of interest are the Gulf Coast and the West Coast of the United States. Iberdrola and Sempra Infrastructure have signed an agreement for the joint development of hydrogen and green ammonia projects … Continue reading Iberdrola and Sempra Infrastructure sign agreement to develop hydrogen and green ammonia projects in the United States
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More than 70,000 installations already enjoy self-consumption thanks to Iberdrola’s network
The installations connected to the grid of i-DE, Iberdrola’s distribution company in Spain, have a combined capacity of more than 900 MW, the equivalent of two large combined cycle plants. 98% of self-consumers feed energy into the grid during the day and recover it when they need it. Iberdrola has now exceeded 70,000 self-consumption installations … Continue reading More than 70,000 installations already enjoy self-consumption thanks to Iberdrola’s network
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