iberdrola megachuli

Iberdrola completes €154,773,000 capital reduction through share redemptions

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…

iberdrola offshore

Iberdrola signs alliance with Crédit Agricole to grow offshore wind in France

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…

solar panels

Iberdrola to build Europe’s largest on-site PV plant for Sabic in Spain with a €60-million investment

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…

iberdrola offshore

Iberdrola to build first green ammonia plant in Southern Europe, with €750-million investment

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,…

Iberdrola Guggenheim

Iberdrola reaches co-investment agreement with NBIM Iberian Reinfra for joint renewable assets portfolio in Spain and Portugal

Norbolsa| Iberdrola (IBE) announced a co-investment agreement with NBIM Iberian Reinfra (part of Norges Bank) for the joint development of a portfolio of renewable assets in Spain and Portugal. Iberdrola plans to sell 49% of another 500 MW for €250 million, bringing the joint portfolio of both firms to 1,800 MW, valued at around €1,800 million.

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Iberdrola to build 294 MW plant in Extremadura, including evacuation infrastructure

Link Securities | Iberdrola is preparing to install a 294 MW plant in Extremadura, the digital newspaper elEconomista.es reported yesterday. The electricity company has just received a positive resolution from the Directorate General for Energy Policy and Mines granting Iberdrola Promociones prior administrative authorisation and administrative construction authorisation for the Cedillo facility and its evacuation infrastructures in Cedillo and Herrera de Alcántara (Cáceres). The company, which already has a 100…


Iberdrola and IFC team up on renewable projects in emerging countries such as Poland, Morocco and Vietnam

Link Securities| The Spanish company and the International Finance Corporation, which belongs to the World Bank Group have announced their union to promote the energy transition in emerging countries, the financial portal bolsamania.com reported on Tuesday. Both institutions have launched an alliance to support clean energy and decarbonisation in different developing countries. The agreement is structured in three pillars, according to IBE: (i) First, IFC will provide IBE with a…


Iberdrola to invest 3,663 million to modernise New York’s grids

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…


Court ruling allows Avangrid (81.5% Iberdrola) to continue construction of power line between US and Canada

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…


Iberdrola sells Mexican government a large part of its business in the country for €5,478 million

Iberdrola announced on Tuesday a major sale of natural gas assets in Mexico, putting an end to several years of tensions with the country’s government. As the company, headed by Ignacio Sánchez Galán, informed the CNMV late in the afternoon, the subsidiary Iberdrola México and the state fund Mexico Infrastructure Partners (MIP) have signed an agreement of intent whereby a trust headed and managed by MIP will acquire 8,539 MW…