Iberdrola


Iberdrola buybacks operations

S&P maintains BBB+ rating for Iberdrola

S&P Global confirmed the long-term credit rating “BBB +”, with a “stable” outlook for Iberdrola, backed by “solid” operating performance in 2018 and in 1Q2019.


Iberdrola adjusts the sale of Scottish power to Drax to share risks and adapt to European justice

Iberdrola Adjusts The Sale Price Of Scottish Power To Drax To Share Risks And Adapt To European Justice

The Spanish utility agreed to modify the initial agreement to sell part of the electricity power stations of its subsidiary Scottish Power to Drax Group. This firm sought to renegotiate the contract following an European Court of Justice ruling that declared illegal the payments to some UK stations to guarantee the capacity of electricity generation in the country.


Iberdrola inaugurates its first offshore project In Germany

Iberdrola Inaugurates its First Offshore Project In Germany, 100% Designed And Operated By The Firm

Iberdrola began operations yesterday in the maritime wind farm Wikinger in the waters of the Baltic in Germany, which supposes the first maritime wind power project built by the group on its own, with an investment rising to 1.4 billion euros. With an output of 350MW, this wind farm represents the first phase in a larger wind power complex, of 836 MW and with a joint investment of 2.5 billion euros.



Iberdrola buybacks operations

Blackrock second shareholder in Iberdrola with 5%

Blackrock, the largest fund manager in the world, has raised its holding in the electricity company to 5.008% from the 4.998%  it held, and remains the second largest shareholder behind the sovereign wealth fund Qatar Investment Authority (QIA).



Total will offer electricity and gas services in Spain

Spain Energy Market Regulator recommends lowering regulated revenues for the sector

Spain’s energy market authorities has published an economic-financial analysis of the energy transport activity which Red Eléctrica carried out during the period 2013-2016. In this report, it has recommended a downwards revision to the financial remuneration rate for electricity transport for the next regulatory period beginning 1 January 2020.