iberdrola offshore

Iberdrola or Engie could finance purchase of Electricity North West but better synergies expected with Iberdrola

Morgan Stanley | Rob Pulleyn raises the scenario of the purchase of the grid company Electricity North West by Iberdrola (IBE) or Engie, as they are mentioned in press articles: Iberdrola, in the final bid for Electricity North West as potential buyers (expansion.com). Rob sees no problems in financing the operation in either of the two, at the valuation that has been put forward in the press (€4-5bn). In both…

Iberdrola guapa

Iberdrola can continue operating “comfortably” with “BBB+” rating after implementation of new 2024-26 strategic plan, says S&P Global

LLink Securities | S&P Global expects Iberdrola to continue operating “comfortably” within the financial margins of its “‘BBB+” credit rating with the implementation of its new 2024-2026 strategic plan, which it presented to the market last March, according to Europa Press. In a report, the rating agency estimates that the energy company will operate with a funds from operations (FFO) to net debt ratio of 19%-20%, above the 17% in…

iberdrola megachuli

Two largest international proxy advisors recommend voting in favour of all items Iberdrola submits to AGM

Alphavalue/DIVACONS | The two largest international proxy advisors, ISS and Glass Lewis, recommend voting in favour of all the items that Iberdrola (IBE) will submit to its General Shareholders’ Meeting, to be held on 17 May. Specifically, both US voting advisors, which have a share of more than 70% in advising large investors, such as fund managers, pension funds and insurance companies, advise the more than 600,000 shareholders of the…

Iberdrola guapa

Iberdrola reaches agreement with Premier Energy Group to sell renewables business in Romania for €88 million

Norbolsa | Iberdrola (IBE) has reached an agreement with energy company Premier Energy Group to sell its renewable business in Romania for €88 million (80 MW of wind power), thus advancing in its plan to divest non-strategic assets. The company thus takes another step towards focusing on key countries, such as Spain, the United Kingdom, Brazil and the United States.

iberdrola electrolinera

Iberdrola|BP pulse wins €50.1m European grant for deployment of electric recharging points

Alphavalue / Divacons | The company formed by Iberdrola and bp pulse, Iberdrola|bp pulse, has been awarded a €50.1 million grant to accelerate the deployment of electric recharging infrastructure under the European Commission’s ‘CEF Transport AFIF 2021-2027’ programme, the company said on Thursday. The subsidised project includes the deployment of 1,220 high-power charging points between 2023 and 2026 on the TEN-T transmission network in Spain and Portugal.

Iberdrola guapa

Iberdrola generates 10,489 GWh with renewable energy in Spain in 1Q2024, 19.4% up on last year

Link Securities| According to data from the energy balance sheet at the end of March reported by the company to the Spanish National Securities Market Commission (CNMV), summarised by Europa Press, Iberdrola (IBE) generated 10,489 GWh with renewable energy in Spain in 1Q2024, representing an increase of 19.4% over the same period and the highest in the last decade. This figure for the group’s renewable generation in Spain was driven…

iberdrola megachuli

Significant growth and revenue capture opportunity for companies serving Generative AI energy needs, including Iberdrola

Morgan Stanley| Stephen Byrd has identified an important mismatch between the rapid growth of Generative AI energy needs and the more moderate growth of grid infrastructure. In this regard, he highlights that there is a significant growth and revenue capture opportunity for companies that can meet these energy needs. Specifically, it has identified 13 stocks with an Overweight (OW) recommendation that would benefit from this dynamic, including Iberdrola (IBE).


Iberdrola, with over 550 charging points for electric buses with power ratings between 100 and 360 kW, looks to expand network

The Spanish electricity company has announced that it is contributing to the daily recharging of more than 550 electric buses and expects to continue helping to decarbonise more vehicles in the coming months, according to the Bolsamania.com portal. The commitment is part of the company’s Sustainable Mobility Plan and pursues its goal of achieving more sustainable cities, free of carbon emissions thanks to the supply of energy with guaranteed 100%…


Iberdrola launches takeover bid to acquire 100% of US subsidiary Avangrid

Iberdrola has decided to launch a takeover bid to acquire the 18.4% stake in Avangrid, its subsidiary in the United States, which it does not yet own, for some $2,486 million, as announced to the CNMV (Spanish Securities and Exchange Commission). IBE is offering a cash price of $34.25 per share, representing an implied premium of approximately 10% over the volume-weighted average share price (VWAP) of the shares during the…

Iberdrola edificio

Iberdrola to provide green energy to all Alcampo centres in Spain through a PPA

Link Securities | The company announced yesterday that it has teamed up with Alcampo to supply green energy to all hypermarkets and supermarkets in Spain through a long-term power purchase agreement (PPA), according to Europa Press. Specifically, the Spanish energy company will provide the retail giant with 3,740 GWh, equivalent to the consumption of 62,000 Spanish families per year, through several of its photovoltaic installations for eleven years. The energy…