Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced its first renewable energy project in Oklahoma. Pontotoc Wind, a 147.5 MW wind farm with 33 wind turbines, powering 40,000 homes, will be constructed in Pontotoc County, Oklahoma and expand Avangrid’s presence in the U.S. to 25 states. … Continue reading Iberdrola is to build its first onshore wind farm in Oklahoma and expand its US presence to 25 states
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Iberdrola will install storage batteries at the Andévalo photovoltaic plant
Iberdrola will install a new Battery Energy Storage System (SAEB) with a power of 25 MW and a capacity of 50 MWh in the Andévalo photovoltaic plant, the first built with the UNEF Certificate of Excellence. It is an innovative solution for the storage and integration of renewable energies in the system. The initiative will … Continue reading Iberdrola will install storage batteries at the Andévalo photovoltaic plant
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Iberdrola takes another step forward towards the commissioning of the Tâmega Hydroelectric Complex
Iberdrola has taken another step towards the commissioning of the Tâmega Hydroelectric Complex by successfully connecting to the grid one of the two turbines of the Alto Tâmega Hydroelectric Power Plant – the last of the Complex’s turbines to come on stream. The Tâmega Hydroelectric Complex is made up of three power plants: the Alto … Continue reading Iberdrola takes another step forward towards the commissioning of the Tâmega Hydroelectric Complex
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Iberdrola and Norges Bank Investment Management double their alliance, with more than €2 billion renewable energy investment planned in Spain and Portugal
Iberdrola and the Norwegian sovereign wealth fund, managed by Norges Bank Investment Management, are to double their clean energy investment alliance, adding 1,300 MW of additional renewable energy capacity to unlock more than €2 billion joint investment over the next three years. As of today, 674 MW of wind and solar has been added to … Continue reading Iberdrola and Norges Bank Investment Management double their alliance, with more than €2 billion renewable energy investment planned in Spain and Portugal
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ScottishPower has partnered with ZeroAvia to explore the development of green hydrogen supply solutions for key airports, which could see the decarbonisation of air travel take off
The collaboration will allow the companies to explore the hydrogen infrastructure for airports to support hydrogen-electric flight and other potential uses. ZeroAvia has a longstanding partnership with AGS Airports, including Glasgow and Aberdeen. Hydrogen-electric engines, used by ZeroAvia, generate electricity using hydrogen fuel cells, emitting only water as a by-product. The company is advancing its … Continue reading ScottishPower has partnered with ZeroAvia to explore the development of green hydrogen supply solutions for key airports, which could see the decarbonisation of air travel take off
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The World Bank grants a green loan of 300 million to Iberdrola for renewable projects in emerging countries
Iberdrola receives new recognition from the World Bank, through its private sector investment arm – International Finance Corporation (IFC) –. The institution and the electricity company have signed a loan, linked to ESG criteria (environmental, social and corporate governance), of 300 million euros for renewable projects in countries that depend on fossil fuels, such as … Continue reading The World Bank grants a green loan of 300 million to Iberdrola for renewable projects in emerging countries
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Iberdrola starts commissioning Vineyard Wind I, the largest offshore wind farm in the U.S.
Iberdrola has started to commission the Vineyard Wind I offshore wind farm – the first large-scale project of this technology in the United States. The facility, with 806 MW of capacity, has already begun to supply green energy to Massachusetts, a state that will be supplied with wind energy to more than 400,000 homes – … Continue reading Iberdrola starts commissioning Vineyard Wind I, the largest offshore wind farm in the U.S.
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CIP and Avangrid Announce First Power from Vineyard Wind 1
Copenhagen Infrastructure Partners (CIP), a global leader in greenfield renewable energy investments, and Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced that power from the Vineyard Wind project was delivered to the New England grid for the first time. As part of the initial commissioning process, … Continue reading CIP and Avangrid Announce First Power from Vineyard Wind 1
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Iberdrola signs its largest ever credit line for €5.3 billion with 33 banks
Iberdrola continues to strengthen its liquidity position, confirming today that it has refinanced €5.3 billion by signing its largest ever credit facility. The agreement, signed with 33 international banks, also helps to consolidate its leadership in sustainable financing, with the conditions of the facility linked to of a series of ESG objectives. The operation has … Continue reading Iberdrola signs its largest ever credit line for €5.3 billion with 33 banks
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All wind turbines at Iberdrola’s Saint-Brieuc offshore wind farm in France have been installed
Iberdrola has announced that turbine installation at the Saint-Brieuc wind farm in France has been completed. Norwegian company Fred Olsen’s Brave Tern jack-up vessel installed the last 8 MW wind turbine at position SB49 on 17 December 2023. The ship has made 18 rotations from Le Havre, with the components of 3 to 4 wind … Continue reading All wind turbines at Iberdrola’s Saint-Brieuc offshore wind farm in France have been installed
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All wind turbines at the Saint-Brieuc wind farm are complete
The Saint-Brieuc Wind Farm located off the coast of northwestern France has reached a significant milestone, with all its wind turbines successfully installed and standing tall. The completion of this ambitious project marks a major achievement in the country’s renewable energy goals and will contribute to a substantial reduction in carbon emissions. The Saint-Brieuc Wind … Continue reading All wind turbines at the Saint-Brieuc wind farm are complete
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Iberdrola España will repower its first four wind farms and increase production by 30%
Iberdrola España will repower four onshore wind farms in Galicia and Castilla La Mancha, which will reduce the number of wind turbines installed in both communities by 200 and increase the energy production of the facilities by an average of 30%. The machines used in the repowering will have a unit power that is up … Continue reading Iberdrola España will repower its first four wind farms and increase production by 30%
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Avangrid Completes Installation of First Five Wind Turbines, Prepares to Deliver First Power from Nation-Leading Vineyard Wind 1 Project
Avangrid Completes Installation of First Five Turbines, Prepares to Deliver First Power from Nation-Leading Vineyard Wind 1 Project Developer working toward first delivery of clean energy to 30,000 homes and businesses from first large-scale offshore wind farm in the United StatesOnce fully operational, Vineyard Wind 1 will deliver 806 Megawatts, enough to power 400,000 homes … Continue reading Avangrid Completes Installation of First Five Wind Turbines, Prepares to Deliver First Power from Nation-Leading Vineyard Wind 1 Project
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Iberdrola joins forces with Masdar to co-invest 15 billion in offshore wind and green hydrogen in Germany, the United Kingdom and the United States
Today (5th December) at COP28 in Dubai, global green energy giants Iberdrola and Masdar announced a €15 billion strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in key markets including Germany, UK and the USA. After the parties’ successful co-investment in Baltic Eagle, in Germany, the new milestone … Continue reading Iberdrola joins forces with Masdar to co-invest 15 billion in offshore wind and green hydrogen in Germany, the United Kingdom and the United States
Continue readingTripling renewables by 2030 is feasible and will mobilise investments of 2.2 trillion dollars per year
The Executive Chairman of Iberdrola, Ignacio Galán, assured this morning at COP28 that the objective of tripling the installed renewable capacity by 2030 is feasible. There are 118 countries that have already signed up to this objective at the Climate Summit being held in Dubai. They have also committed to double the energy efficiency ratio, … Continue reading Tripling renewables by 2030 is feasible and will mobilise investments of 2.2 trillion dollars per year
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Iberdrola and bp pulse launch their fast and ultrafast charging joint venture in Spain and Portugal
Iberdrola and bp pulse proudly announce the formal launch of their joint venture that recently received regulatory authorizations. The new company plans to create the most extensive high speed public charging network in Iberia. The aim is to promote access for all citizens to a reliable, high-speed charging infrastructure and thus helping to remove one … Continue reading Iberdrola and bp pulse launch their fast and ultrafast charging joint venture in Spain and Portugal
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Iberdrola sets out £12bn investment plan at UK Global Investment Summit
Over the past 15 years Iberdrola, the largest electricity company in Europe and one of the two largest worldwide, has invested close to £30bn in the UK’s electricity grid and renewable generation capacity. Its ScottishPower business was the first UK integrated utility to generate 100% green electricity. At the UK Global Investment Summit in London, hosted … Continue reading Iberdrola sets out £12bn investment plan at UK Global Investment Summit
Continue readingCIP and Avangrid Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.
Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment, and Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today that the Vineyard Wind 1 project closed a first-of-its-kind tax equity package for commercial-scale offshore wind with three US-based banks. The $1.2 billion dollar investment transaction … Continue reading CIP and Avangrid Announce Largest Single Asset Tax Equity Financing and First Large-Scale Offshore Transaction in the U.S.
Continue readingIberdrola invests €11 billion and net profit reaches €3.64 billion, up 17%
Investments reach €11 billion in the last 12 months Net profit up 17% to €3.64 billion Dividend FY 2023 Net profit outlook raised to double-digit growth Reinforcing financial strength Strategic Plan Delivery Growth based on Networks, with regulatory frameworks covering 96% of asset base closed to 2025 Renewable capacity up 3,100 MW in the last … Continue reading Iberdrola invests €11 billion and net profit reaches €3.64 billion, up 17%
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Iberdrola installs three wind farms in Germany with a capacity of up to 200 MW
Iberdrola awarded 790 hectares of land by ForstBW for wind energy in Germany. Iberdrola Deutschland has been awarded three wind energy sites in the latest tender by Forst Baden-Württemberg (ForstBW). Wind farms with an expected number of 25 wind turbines (WTGs) will be built on a total of 790 hectares (ha). With a potential total … Continue reading Iberdrola installs three wind farms in Germany with a capacity of up to 200 MW
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