Bankinter | The US government could withdraw authorisation to build and operate the New England Wind 1 and 2 offshore wind farms off the coast of Massachusetts, threatening the continuity of projects involving Avangrid, Iberdrola’s US subsidiary. Together, they could represent investments of $8 billion (€6.86 billion). According to the White House, this measure is part of the need to ‘ensure that the United States can maintain a strong fishing…

Alphavalue/ Divacons | The Spanish utility company, through its British subsidiary ScottishPower, has begun work to expand its Arecleoch and Kilgallioch wind farms in Scotland. The projects, located in the councils of South Ayrshire and Dumfries and Galloway, will increase the combined installed capacity to 485 MW. Meanwhile, analysts at a leading US bank raised Iberdrola’s target price from €15.5 to €16.7 per share, as they like the company’s ‘consistently…

Alphavalue/DIVACONS | The Spanish utility company will build a new agrovoltaic plant in Álava with the aim of promoting the cultivation of apples for the production of high-quality cider and generating renewable electricity in the Basque Country. According to Iberdrola, the project will be developed on land donated by the Vitoria City Council as part of the municipal programme ‘Vitoria-Gasteiz: Laboratory City’. Meanwhile, a leading analysis firm raised Iberdrola’s target…

CdM | On Tuesday, Berenberg experts raised their assessment of Iberdrola (IBE) to €17.50 per share from the previous €14 per share, and reiterated their recommendation to “hold” the stock in the portfolio. According to their latest report on the energy group, ‘by December, Iberdrola will have high visibility on remuneration in key geographies for its Networks business, at a time when global energy networks require an unprecedented level of…