berdrola and Uvesco sign the first PPA in Spain with a distribution group

The power supplied will be 100% renewable and sourced from the newly-built Nuñez de Balboa solar power station Iberdrola has signed a Power Purchase Agreement with Uvesco Group (BM Supermarcados) for the supply of electricity produced from renewable sources on a long-term basis. This makes it the first PPA signed between a power company and a distribution group in Spain. All of the energy supplied will come from a renewable source: the Nuñez de Balboa solar plant that Iberdrola will be building in Usagre (Badajoz-Extremadura). It is set to be Europe’s biggest solar power plant, with a capacity of 391 MW. This contract will save Euskaltel from releasing over 26,700 tons

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Iberdrola is going to build its largest wind farm in Latin America in Brazil

It will be located in Paraíba, one of the windiest states in America The Paraíba complex will have a total installed power of 565 megawatts This big facility will consist of 18 wind farms, three of which are already operational while another 15 are at different phases of development, with a commitment to supply the energy by January 2023 Iberdrola has signed an agreement with Siemens Gamesa to equip the new wind farms with model SG132 wind turbines, which supply 3.4 megawatts of power In the north-east of Brazil, Iberdrola, through its Brazilian subsidiary Neoenergia, is going to build its largest renewable energy facility in Latin America: the Paraíba wind

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Iberdrola offers customers the possibility of buying green energy packages

In line with its commitment to offer energy solutions that adapt to customers’ needs Energy Wallet is a pioneering product in Spain that can be used to buy green energy packages for six, 12 or 24 months, knowing the final price in advance  Customers can also use the energy purchased for different supplies,in their main and second homes, while monitoring everything on their mobile phones in real time, for a 100% digital solution In line with its commitment to innovate and offer energy solutions that meet each customer’s needs, Iberdrola has launched a new product, Energy Wallet, that offers customers the opportunity to buy green energy packages to cover an

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Iberdrola will invest €32 billion between 2018 and 2022, building the foundations for sustainable growth in the next decade

Iberdrola will invest €32 billion between 2018 and 2022, building the foundations for sustainable growth in the next decade. Ignacio Galán, the group’s Chairman, said: “Overall, the plan we are presenting today is fully consistent with our strategy over recent years, while seizing the opportunities provided by the new digital environment. In essence, it is a plan that maintains focus on growth in specific opportunities in regulated and long-term contracted businesses which offer earnings visibility, while maintaining a geographically balanced portfolio and exploring growth beyond those frontiers.” Over 90% of capex will be allocated to networks (50%), renewables (37%) and contracted generation in Mexico (4%), business areas which will represent 

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Ignacio Galan urges world leaders in Davos to speed up decarbonisation of the global economy

During his participation at the World Economic Forum’s panel debate on ‘Strategic Outlook: Energy Systems’ The Chairman of Iberdrola insists that the process is consistent with profitability, as demonstrated by the company’s track record, leaping from the 20th to one of the world’s four largest utilities by market capitalization He reiterates the need to electrify the economy through more renewables, more pumped storage capacity, more and smarter grids and more electric vehicles, in addition to the electricity industry having to invest some $19 trillion over the next 25 years In order to meet the rising demand for electricity in a sustainable manner, a stable, long-term regulatory framework is needed together

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Iberdrola’s Wikinger offshore wind farm connected to the grid in Germany

Total investment in the project amounts to circa €1.4 million The company has successfully connected the 350-MW wind farm to the national power grid. The facility will supply renewable energy to approximately 350,000 homes Iberdrola has connected its Wikinger offshore wind farm to the German power grid. The facility was built over the last 18 months in the Baltic Sea. By reaching this milestone, Wikinger adds 350 megawatts (MW) capacity to the system and will supply renewable energy to 350,000 homes, representing more than 20% of the power used by the state of Mecklenburg-West Pomerania, in whose waters the project is located. Iberdrola has met the demanding time frame set

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Industrial issuers of €26 billion in green bonds pledge to double down on green financing

On the occasion of the Paris 2017 Climate Finance Day, nine of Europe’s largest industrial emitters of green bonds (EDF, Enel, ENGIE, Iberdrola, Icade, Paprec, SNCF Réseau, SSE and TenneT) publicly announce their pledge to further develop one of the most dynamic segments of sustainable finance today, the green bond market. These companies have joined forces to voice their commitment to the green bond market as part of their strategy, financing policy and their active engagement in the reporting debate and dialogue with investors. The pledge also calls upon other industrial corporates to consider issuing green bonds. The signatories of today’s pledge commit to a long-term presence in the market,

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Iberdrola signs a long-term renewable energy sales agreement with Google

These are the first two contracts of this type signed between the two companies Under the terms of the contract, the former will supply the electrical output of 196 megawatts of wind power to the latter through its Coyote Ridge and Tatanka Ridge wind farms in South Dakota Long-term agreements (PPAs) are one of the pillars of Iberdrola’s commitment to renewable energies in the United States Iberdrola, through its subsidiary AVANGRID Renewables, has signed its first two large contracts for the supply of renewable energy with the American multinational Google. Under the terms of the agreement signed between the two companies, Iberdrola will supply Google with a total of 196

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Iberdrola successfully installs all 70 wind turbines at Wikinger offshore wind farm (Germany)

Total investment amounts to nearly €1.4 billion   Adwen and Fred. Olsen Windcarrier executed the installation of the 70 wind turbines of type AD 5-135 With 350 megawatts (MW) installed capacity, Wikinger will be capable of supplying renewable electricity of around 20% of the demand of Mecklenburg Vorpommern Iberdrola has successfully installed the 70 wind turbines comprising Wikinger offshore wind farm, the renewable infrastructure which the company is building in German waters of the Baltic Sea. It is a new and significant milestone for Iberdrola as it enters the final phase for the plant’s commissioning, having completed the installation of the offshore substation and the inter-array cables connecting the wind

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Iberdrola crosses 2,000 MW threshold for renewables in the United Kingdom

Following the completion of a £650 million investment programme to build eight new onshore wind farms, Iberdrola, through its subsidiary ScottishPower Renewables, has now passed the 2,000 megawatt (MW) milestone for UK wind power capacity. In just over 18 months we put over 470 MW of wind power online, enough to supply more than 280,000 homes with the substantial environmental and financial benefits for the United Kingdom. Iberdrola’s subsidiary has called for politicians and regulators to support the future development of onshore wind in Scotland – one of cheapest forms of green energy – citing the need to hit carbon reduction targets and support the anticipated increase in demand to charge electric vehicles. Studies made

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