Iberdrola has today signed an agreement to acquire 88% of Electricity North West (ENW) in the UK for an equity value of £2.1 billion (€2.5 billion). The deal values 100% of the company, including debt, at approximately €5 billion. This acquisition is consistent with Iberdrola’s strategy to invest in electricity networks and in countries with … Continue reading Iberdrola acquires €5 billion valued Electricity North West in the UK
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Iberdrola: Record investments of €5.28 Bn (+16%) and strong operational performance drive H1 reported net profit of €4.13 Bn
Record renewables production and robust performance in our networks business has helped to deliver a strong set of results for the first half of 2024. We have also invested more than ever before in the first 6 months which will drive benefits in the second half of the year, in terms of new renewables capacity … Continue reading Iberdrola: Record investments of €5.28 Bn (+16%) and strong operational performance drive H1 reported net profit of €4.13 Bn
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Iberdrola installs two new photovoltaic plants in Portugal
The Montechoro I and II PV plants, located in the Algarve region of southern Portugal, have been completed and now contribute to the country’s renewable energy production capacity. With a total installed capacity of 37 megawatts (MW) and a total annual production capacity of 56.84 GWh, the projects were awarded to Iberdrola in an auction … Continue reading Iberdrola installs two new photovoltaic plants in Portugal
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Iberdrola already produces photovoltaic energy in True North, in Texas
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced that it has begun to produce power from the True North solar project in Falls County, Texas, near Waco. With 20 MW commissioned thus far, this marks another major milestone for what will become the largest solar power project … Continue reading Iberdrola already produces photovoltaic energy in True North, in Texas
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WindTwin, Iberdrola project pioneering a new era of optimization of offshore wind energy
Revolutionising Wind Power Forecasting and Management through Cutting-Edge Digital Twin Technology. The offshore wind energy sector is poised for a significant transformation with the launch of WinDTwin, a groundbreaking European-funded project aimed at revolutionising wind power production forecasting and management. With a grant of €6 million, this three-year initiative unites a diverse consortium of 13 … Continue reading WindTwin, Iberdrola project pioneering a new era of optimization of offshore wind energy
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Iberdrola’s wind power production marks historical highs in the semester
Iberdrola’s steadfast commitment to investing in clean energy and decarbonisation has enabled the company to set a new renewable energy production record in the first half of 2024. Renewables production exceeded 45,000 GWh globally (45,181 GWh) – an increase of 5.3% compared to the same period last year. The record production figure was driven by … Continue reading Iberdrola’s wind power production marks historical highs in the semester
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Iberdrola starts the Powell Creek photovoltaic plant in the United States
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced that it recently installed the “Golden Row” at its Powell Creek solar project in Putnam County, Ohio near Miller City. The Golden Row represents the first row of solar panels for which the rest of construction will be modeled … Continue reading Iberdrola starts the Powell Creek photovoltaic plant in the United States
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Avangrid (Iberdrola) Announces Agreement for Sale of Kitty Hawk North Offshore Wind Farm Lease Area to Dominion Energy
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced an agreement for the sale of the Kitty Hawk North offshore wind lease area to Dominion Energy. The agreement, which includes the Kitty Hawk North offshore wind lease area and associated assets, is for a sale of approximately $160 million, inclusive of a … Continue reading Avangrid (Iberdrola) Announces Agreement for Sale of Kitty Hawk North Offshore Wind Farm Lease Area to Dominion Energy
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Iberdrola receives federal authorization for an offshore wind power plant in the United State
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it has received full federal approval of the Construction and Operations Plan (COP) for the New England Wind 1 and 2 offshore projects. The approval of the COP follows the favorable Record of Decision (ROD) issued by … Continue reading Iberdrola receives federal authorization for an offshore wind power plant in the United State
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ACP Statement on Key Milestone for New England Wind 1 & 2 Projects
The American Clean Power Association (ACP) released the following statement from Anne Reynolds, ACP Vice President for Offshore Wind, after the Bureau of Ocean Energy Management (BOEM) approved the Construction and Operations Plan (COP) for Avangrid’s New England Wind 1 and 2 offshore projects located 20 miles south of Martha’s Vineyard, Massachusetts: “This is another … Continue reading ACP Statement on Key Milestone for New England Wind 1 & 2 Projects
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Windanker, Iberdrola’s third offshore wind power project in the German Baltic Sea, is advancing at a good pace
Iberdrola’s record global offshore wind drive continues to move forward at pace as the company has announced that the €1 billion Windanker project in Germany has advanced to the delivery phase. All supply chain contracts for major components are now locked-in for the 315-megawatt (MW) project and fabrication work is set to get underway next … Continue reading Windanker, Iberdrola’s third offshore wind power project in the German Baltic Sea, is advancing at a good pace
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Iberdrola obtains final environmental authorization to build the largest wind farm in Portugal
The infrastructure is integrated into the Tâmega hydroelectric complex that the company has in the neighboring country.It will have a power of 274 MW and will take advantage of the already built grid injection point in a hybrid way with Támega to increase the contribution of clean energy.This project will allow greater energy security by … Continue reading Iberdrola obtains final environmental authorization to build the largest wind farm in Portugal
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Iberdrola obtains environmental authorization for a 274 MW wind power plant in Portugal
Iberdrola has announced that it will build a new wind farm in Portugal after having obtained the necessary environmental authorization. The facility will be located in the districts of Vila Real and Braga and will have a power of 274 megawatts (MW), which will supply electricity to a total of 128,000 homes. The plant will … Continue reading Iberdrola obtains environmental authorization for a 274 MW wind power plant in Portugal
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Iberdrola collaborates with WindLoop on a wind turbine blade recycling project in the US.
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that it recently donated 300 pounds of decommissioned wind turbine blades to WindLoop, a startup comprising of students at Yale University, to test an innovative process for blade recycling. Consistent with Avangrid’s commitment to sustainability, WindLoop’s mission is … Continue reading Iberdrola collaborates with WindLoop on a wind turbine blade recycling project in the US.
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Iberdrola launches the second offshore wind farm in France and the first in Brittany
Iberdrola has announced that Saint-Brieuc has become the second fully operational offshore wind farm in France and the first in Brittany. As of 28th May 2024, all wind turbines are operational in the project, which has a total capacity of 496 MW (megawatts). The entire production from the 62 turbines is now feeding into the … Continue reading Iberdrola launches the second offshore wind farm in France and the first in Brittany
Continue readingIberdrola seeks startups to inspect and digitise its wind farms
Iberdrola’s commitment to offshore wind farms is absolute. Europe’s largest electricity company by stock market value, with around 80 billion euros, will invest around 15.5 billion euros in renewables between 2024 and 2026, 54% of which will go to offshore wind in the United States, the United Kingdom, France and Germany. Through the PERSEO startup … Continue reading Iberdrola seeks startups to inspect and digitise its wind farms
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Iberdrola will supply photovoltaic energy to Bayer in Italy
Iberdrola and German pharmaceutical giant Bayer have extended their partnership, signing a green power purchase agreement (PPA) in Italy for 11 years from January 2025, for a total of 33 GWh over the period. The agreement expands the international alliance between Bayer and Iberdrola, adding to existing agreements between the two companies in Spain and … Continue reading Iberdrola will supply photovoltaic energy to Bayer in Italy
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Iberdrola and Avangrid reach an agreement to acquire 100% of the American company
Iberdrola has today signed an agreement to acquire the 18.4% minority stake in its US subsidiary Avangrid, which it previously did not own. The Board of Directors of Avangrid has approved the transaction, following the recommendation of a committee made up entirely of independent directors that has been delegated the authority to oversee this operation … Continue reading Iberdrola and Avangrid reach an agreement to acquire 100% of the American company
Continue readingIberdrola will continue to invest in offshore wind energy
Iberdrola will continue to invest in offshore wind energyEurope’s largest power utility, Iberdrola , will continue to bet on offshore wind in the coming years, increasing the value of its assets in the sector to about 17 billion euros ($18 billion), its executive chairman, Ignacio Sánchez Galán, told shareholders on Friday. In the past two … Continue reading Iberdrola will continue to invest in offshore wind energy
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First wind turbine installed at Baltic Eagle offshore wind farm
The first of a total of fifty wind turbines has been successfully installed at the 476 MW Baltic Eagle offshore wind farm, a joint venture between Iberdrola, a world leading clean energy company, and Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse. Working in partnership with Vestas, the remaining wind turbines … Continue reading First wind turbine installed at Baltic Eagle offshore wind farm
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