Tag Archives: Iberdrola

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

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CIP 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.

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Iberdrola 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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Iberdrola installs first turbine of Vineyard Wind 1 offshore wind farm

Iberdrola has completed installation of the first turbine at the Vineyard Wind 1 offshore wind farm. Each turbine will provide power to more than 6,000 homes and businesses.  Comprising a tower, three blades and a nacelle, it has a rated capacity of 13 megawatts, making it the largest turbine in the world. In addition, the … Continue reading Iberdrola installs first turbine of Vineyard Wind 1 offshore wind farm

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Avangrid (Iberdrola), CIP Announce Successful Installation of the First Wind Turbine

GE Haliade-X Is First of 62 Wind Turbines for First-in-the-Nation Project that Will Power More than 400,000 Homes and Businesses in Massachusetts. Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in green energy investment, today announced that that the Vineyard … Continue reading Avangrid (Iberdrola), CIP Announce Successful Installation of the First Wind Turbine

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Iberdrola progress its renewable energy strategy: the company installs almost 3,000 MW in the last twelve months

Iberdrola continues to move at pace with its commitment to being at the forefront of the energy transition, accelerating decarbonization and reducing dependence on fossil fuels. The company has installed almost 3,000 MW of new renewables capacity (2,952 MW) in the last 12 months, which means it has reached a total capacity of 41,303 MW … Continue reading Iberdrola progress its renewable energy strategy: the company installs almost 3,000 MW in the last twelve months

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Whitelee, the largest onshore wind farm in the United Kingdom for more than 15 years

Whitelee Onshore Wind Farm, located 20 minutes from the center of Glasgow, has been producing clean, renewable energy in the heart of Scotland since 2008. With 215 wind turbines and 539 megawatts installed, it is the largest onshore wind farm in the UK, distinguished for its excellent management and care of the environment. Whitelee, with … Continue reading Whitelee, the largest onshore wind farm in the United Kingdom for more than 15 years

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Iberdrola supplies wind energy to global brake giant TMD

Iberdrola and the world’s largest manufacturer of brake materials, TMD Friction Services, have signed a contract for the long-term supply of clean electricity (PPA) for 15 years. With this agreement, the utility will supply around 50 GWh per year of green electricity, which will cover more than 50% of TMD’s total demand in Germany from … Continue reading Iberdrola supplies wind energy to global brake giant TMD

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GIC and Iberdrola close strategic alliance to develop transmission networks in Brazil for 456 million euros

Iberdrola and GIC, Singapore’s sovereign fund, and one of the world’s main institutional investors, have closed a strategic agreement to develop transmission networks in Brazil for 2.4 billion Brazilian reals (456 million euros). The agreement, which was first announced in April, now has the approval of both the National Electrical Energy Agency (ANEEL) and the … Continue reading GIC and Iberdrola close strategic alliance to develop transmission networks in Brazil for 456 million euros

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Iberdrola completes its first hybrid wind and solar plant in Spain

Iberdrola has completed the construction in of the first hybrid wind and solar photovoltaic plant in Spain and is now immersed in the commissioning process.  The company thus reinforces its innovative and renewable leadership in the region with the development in Burgos of this technology that optimises the use of the grid and minimises the … Continue reading Iberdrola completes its first hybrid wind and solar plant in Spain

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Iberdrola exceeds 420 MW of wind power in Greece with the commissioning of the Askio II and Rokani wind farms

Iberdrola has commissioned the 37.8-megawatt (MW) Askio II wind farm in Greece. Located in the provinces of Kozani and Eordaia, in the West Macedonia region of Greece, it joins the 50.4 MW Askio III project in full operation, which was completed in 2022. Total investment in both projects was close to € 100 million.  Askio … Continue reading Iberdrola exceeds 420 MW of wind power in Greece with the commissioning of the Askio II and Rokani wind farms

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Iberdrola Commissions Askio 2 Wind Farm and Rokani Wind Farm in Greece

Iberdrola, a leading renewable energy company, has recently commissioned the Askio 2 wind farm in Greece. This new facility, located in the provinces of Kozani and Eordaia in the Western Macedonia region, adds to the already operational Askio 3 project. Together, these projects represent a total investment of almost 100 million euros. The Askio 2 … Continue reading Iberdrola Commissions Askio 2 Wind Farm and Rokani Wind Farm in Greece

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Petrobras presents ambitious plan to lead Brazil’s offshore wind energy

Brazil’s vast coastline and strong winds make it an ideal candidate for the development of offshore wind energy. Energy planning agency EPE estimated offshore wind potential along Brazil’s coast at 700GW, while the World Bank suggests a theoretical potential of 1,200GW. Companies such as Shell, Corio, Iberdrola and TotalEnergies have also expressed interest in taking … Continue reading Petrobras presents ambitious plan to lead Brazil’s offshore wind energy

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Avangrid’s Vineyard Wind 1 Begins Wind Turbine Installation Campaign

GE Haliade-X Is First of 62 Wind Turbines that Will Power More than 400,000 Homes and Businesses in Massachusetts. Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today announced the start of the wind turbine installation campaign for Avangrid’s Vineyard Wind 1 project. The installation campaign follows the … Continue reading Avangrid’s Vineyard Wind 1 Begins Wind Turbine Installation Campaign

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Iberdrola installs the fifty monopiles of the Baltic Eagle offshore wind farm

Iberdrola has successfully installed all fifty monopiles for the Baltic Eagle offshore wind farm together with its partner Van Oord. The next step in the ongoing construction phase now involves the installation of the transition pieces. These were manufactured by the Spanish company Windar Renovables and temporarily stored in the port of Mukran. The transition … Continue reading Iberdrola installs the fifty monopiles of the Baltic Eagle offshore wind farm

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Gisela Pulido sails among wind turbines at the East Anglia One offshore wind farm

Iberdrola ambassador and ten-time world champion, Gisela Pulido, has achieved a challenge never before achieved, sailing her kitesurf board in an offshore wind farm. To do so, she travelled to the North Sea (UK) where one of the largest offshore wind farms in Europe is located, East Anglia One, which, with its 102 windmills, covers … Continue reading Gisela Pulido sails among wind turbines at the East Anglia One offshore wind farm

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Iberdrola reinforces its leadership in offshore wind power with the progress of Saint-Brieuc and Baltic Eagle

Iberdrola is reaffirming its leadership in offshore wind with major advances in Saint-Brieuc (France) and Baltic Eagle (Germany). Iberdrola’s Chairman, Ignacio Galán, has recognized the work of employees at the Saint-Brieuc offshore wind farm, the first large-scale offshore wind project in Brittany and the second in France to produce clean energy, and at the Baltic … Continue reading Iberdrola reinforces its leadership in offshore wind power with the progress of Saint-Brieuc and Baltic Eagle

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Avangrid develops Artificial Intelligence to maintain maximum grid quality

Iberdrola, through its US subsidiary Avangrid, has launched a Data Science and Analytics team to develop unique and proprietary Artificial Intelligence (AI) systems that will focus on improving the reliability of its grid and maintaining the highest quality standards for its customers. Once completed, these machine learning models will change the way the company approaches … Continue reading Avangrid develops Artificial Intelligence to maintain maximum grid quality

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Construction of a photovoltaic plant starts in Texas to supply solar power to Facebook

Iberdrola’s US subsidiary Avangrid has begun construction of the 240 MW True North photovoltaic plant in Falls County (Texas). It will supply clean, renewable energy to power the operations of Meta, the parent company of the social network Facebook, in the region. Since 2020, Meta’s global operations have been supported by 100% renewable energy. The … Continue reading Construction of a photovoltaic plant starts in Texas to supply solar power to Facebook

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