Link Securities | The executive chairman of Iberdrola (IBE) has declared closed and executed the capital reduction through the redemption of treasury shares approved by the General Shareholders’ Meeting of the Company held on 28 April 2023, in exercise of the powers conferred by the Board of Directors. Iberdrola’s share capital has been reduced by €154,773,000 through the retirement of 206,364,000 treasury shares. The share capital resulting from the reduction…

Bankinter : The electricity company is finalising an agreement with Crédit Agricole to incorporate it as a partner in the development of offshore wind projects in France. The two groups will jointly participate in the tenders that the French government will hold in the coming weeks to award hundreds of megawatts of offshore wind power. One will award 250MW in Brittany and the other 500MW in the Mediterranean. Assessment: Good…

Alphavalue/ Divacons| The Spanish utility company has obtained the authorisations to begin construction of the largest on-site solar photovoltaic project for self-consumption in Europe, which it will build for Sabic at the industrial complex in Cartagena. Specifically, the installation, with a capacity of 100 MW, will involve an investment of more than €60 million and the creation of 450 new jobs during the construction period. It will supply renewable energy…

CdM| Iberdrola will build the first green ammonia plant in southern Europe, which will be viable thanks to European funds and will involve an investment of 750 million euros, the company has announced, but has not yet detailed in which country it will be located. The operation is part of the framework agreement signed by the energy company with Trammo, the world’s largest maritime trader and distributor of anhydrous ammonia,…

New York will invest more than $35 billion in clean energy in 120 large-scale renewable and transmission projects with the aim of lowering customers’ bills. In this context, Iberdrola has already received the go-ahead from the state’s Public Utilities Commission to launch a two-phase project that will involve spending $3,663 million (€3,315 million) to reinforce power lines in the area and accommodate – in the electricity area alone – nearly…

As reported by Europa Press, Avangrid, the US subsidiary of Iberdrola (IBE), has won a court battle in the United States for a large power line that would transport renewable energy between Canada and the New England region (United States). A Maine jury has granted a reprieve for Avangrid’s proposed $1 billion (around €911.4 million) New England Clean Energy Connect (Nec) transmission line. The transmission line between Quebec (Canada) and…