Iberdrola’s £2.1bn acquisition of Electricity North West: What it means for UK’s electricity network

Iberdrola’s £2.1bn acquisition of Electricity North West: What it means for UK’s electricity network

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 […]

ENGIE collaborates with Google to expand carbon-free operations in Belgium

ENGIE collaborates with Google to expand carbon-free operations in Belgium

ENGIE, a leader in low-carbon energy solutions, has announced its support for Google’s operational expansion in Belgium through five new corporate power purchase agreements (cPPAs). This collaboration highlights a robust partnership aimed at achieving Google’s ambitious goal of net-zero emissions and 24/7 carbon-free energy by 2030. ENGIE will provide Google with the full output of […]

Iberdrola advances decarbonization goals with $6.2bn sale of Mexican energy assets

Iberdrola advances decarbonization goals with $6.2bn sale of Mexican energy assets

Iberdrola, a global energy giant, has successfully finalized the sale of a significant portion of its operations in Mexico, marking a pivotal shift in its business strategy within the country. This transaction, valued at approximately $6.2 billion (€5.8 billion), entails the transfer of a 55% stake in Iberdrola’s Mexican business to a new entity, underscoring […]