Iberdrola has inaugurated the Saint-Brieuc offshore wind farm, a landmark project that solidifies its leadership in the offshore wind sector. The €2.4 billion wind farm is the second largest in France, with a capacity of 496 megawatts (MW) and an annual production of 2,000 gigawatt hours (GWh), enough to power nearly one million people with […]
British energy giant bp and Spanish utility Iberdrola have officially approved the construction of Spain’s largest green hydrogen plant. The 25 megawatt (MW) facility, set to be operational by the latter half of 2026, will be located at bp’s Castellón refinery. This marks the first collaborative hydrogen initiative by the two companies through their joint […]
Iberdrola has solidified its commitment to the UK energy market by agreeing to acquire an 88% stake in Electricity North West (ENW) for £2.1 billion (€2.5 billion). This transaction, which values ENW at approximately €5 billion when including debt, is a strategic move that aligns with Iberdrola’s broader goals of expanding its network assets in […]
In a significant advancement for corporate sustainability, Iberdrola has completed the acquisition of the remaining 80% stake in Balantia, a company specializing in energy efficiency and decarbonization. This move consolidates Iberdrola’s commitment to accelerating the decarbonization of corporate sectors across Europe, enhancing their operational stance in sustainable business practices. Balantia, known for its robust technological […]
Iberdrola has secured the final environmental approval from the Portuguese government to construct the country’s largest wind farm, marking a significant step forward in Portugal’s commitment to decarbonization and sustainable energy. The project, with a capacity of 274 MW—enough to power 128,000 households—will be situated in the districts of Vila Real and Braga. It is […]
Iberdrola has officially announced the full operational status of the Saint-Brieuc offshore wind farm, marking it as the second of its kind in France and the first in the Brittany region. As of May 28, 2024, this significant development in the renewable energy sector sees all turbines active, contributing a substantial 496 MW (megawatts) to […]
Iberdrola has finalized a pivotal agreement to purchase the remaining 18.4% stake in its U.S. subsidiary, Avangrid, consolidating full ownership of the company. This strategic acquisition, valued at $35.75 per share, translates into a total investment of approximately $2.551 billion (about €2.348 billion, at a 1.0866 EUR/USD exchange rate). The transaction was unanimously approved by […]
Norges Bank Investment Management, the entity managing Norway’s sovereign wealth fund, has finalized a deal to acquire a 49% interest in a substantial 644 MW portfolio of solar plants in Spain, for a total investment of 203 million euros. This transaction places the overall valuation of the portfolio at approximately 414 million euros, with no […]
In a major move towards sustainable development, Iberdrola has announced its plan to invest €41 billion and hire 10,000 individuals by 2026, accelerating the electrification process. This massive investment includes the acquisition of an 18.4% stake in Avangrid, previously disclosed. Additionally, Iberdrola’s partners in renewables are set to contribute €5 billion, effectively netting the investment […]
The Spanish Ministry for Ecological Transition and Demographic Challenge has officially granted administrative authorization for the Valdecañas pumping project in Cáceres, Spain. This pivotal approval paves the way for enhancing the Tagus River’s energy potential through the innovative use of seasonal energy storage in the Valdecañas reservoir. Boasting a total power output of 275 MW, […]