Alphavalue / Divacons | The Spanish utility has begun assembling the wind turbines for what will be Portugal’s largest wind farm, the Tâmega Wind Farm, a 274 MW project comprising 38 turbines of 7.2 MW each, the largest and most powerful on the onshore wind market. With an investment of €350 million, it is expected to produce 601 GWh per year, equivalent to the consumption of 128,000 households, and avoid…

Link Securities | S&P Global Ratings has reaffirmed Iberdrola’s (IBE) credit rating of “BBB+” with a “stable” outlook, highlighting the company’s “comfortable financial margin” and its investment strategy focused on regulated networks and renewable energy, according to a report in El Economista on Wednesday. In a report published on Wednesday, the firm highlights that Iberdrola will invest around €58 billion between 2025 and 2028, with two-thirds earmarked for networks in…

Norbolsa | Trump has taken a new step in his attempt to revoke the permit for the New England 1 offshore wind farm, jointly developed by Avangrid and Copenhagen Infrastructure Partners, by requesting that a federal judge re-evaluate a key permit for the project planned off the coast of Massachusetts. The request for Avangrid’s offshore wind farm comes shortly after Trump filed another request to withdraw permission for the SouthCoast…

CdM | Iberdrola (IBE) has been recognised by the multinational pharmaceutical company Bayer for promoting industrial electrification through innovative solutions, a key aspect in meeting European decarbonisation targets. The German company presents the Bayer Procurement Decarbonisation Accelerator Award to key partners who contribute to the sustainability, efficiency and reduction of emissions in their operations and processes through clean technologies and renewable energies. In the case of Iberdrola, Bayer has valued…

Bankinter | Iberdrola (IBE) and Echelon Data Centres (controlled by the US fund Starwood Capital Group) have formalised the creation of Echelon Iberdrola Digital Infra, the joint venture through which they will develop the data centre business in Spain. Echelon will hold an 80% stake in the joint venture and Iberdrola will hold 20%. Iberdrola will contribute its experience in renewable energy generation and in the development and management of…

Link Securities | Iberdrola (IBE) and Scottish Power have sounded out their rivals about a possible deal involving their UK retail business, as the sector faces high consumer debt and rapid growth from Octopus Energy, according to Expansión newspaper. Iberdrola has reportedly spoken to several companies in the sector about a merger with Scottish Power in response to the challenges facing the retail market, according to people familiar with the…