Iberdrola

European economy 29th April 2025

Iberdrola installs first monopile of East Anglia THREE, largest offshore wind farm to date

Link Securities | Iberdrola, through its subsidiary ScottishPower, has installed the first monopile of its East Anglia THREE offshore wind farm, digital portal Bolsamania.com reported on Friday. This is the company’s third project within its East Anglia Hub complex, located in the North Sea (UK). It is IBE’s largest park and the second largest in the world, which will involve an investment of £4 billion. At 84 metres high, weighing…

In Europe 25th April 2025

Iberdrola to invest in 315 MW Windanker offshore wind farm in Baltic together with Kansai Electric

Alphavalue / Divacons | The Spanish utility informed the National Securities Market Commission (CNMV) that it has closed the agreement with Kansai Electric to co-invest in the Windanker offshore wind farm (315 MW) in the Baltic. Iberdrola will hold a majority stake of 51%. The project will have 21 turbines of 51 MW and will come into operation in the fourth quarter of 2026. The closing of this transaction, which…

In Spain 15th April 2025

Iberdrola breaks records for distributed electricity with 62,577 GWh in Q1 2025, and renewable generation of 25,222 GWh

Link Securities | Between January and March, the energy company has beaten its historical figures for electricity distributed through its networks in Q1 2025, with 62,577 GWh, 1.7% more than in the same period of 2024, as reported by the company to the National Securities Market Commission (CNMV). This good operational performance of the networks business is based on the increase in electricity demand in all the areas where the…

In Europe 1st April 2025

Iberdrola to co-invest €5 billion with Masdar in UK’s East Anglia 3 offshore wind farm

Banco Sabadell | According to press reports, Iberdrola is finalising the sale to Masdar (Abu Dhabi) of a 49% stake in the East Anglia 3 offshore wind farm (United Kingdom) for around €2 billion (2% capitalisation, 4% NFD), which will strengthen their alliance to co-invest around €5 000 million in this facility. Assessment: News with little impact. Although yet to be confirmed, it would be part of Iberdrola’s growth strategy…

Relevant News Item 1st April 2025

Iberdrola’s largest US solar project, €341-million True North farm, starts operating

Link Securities | The Spanish electricity company Iberdrola (IBE), through its US subsidiary Avangrid, has put into commercial operation its largest solar project in the United States to date, the True North plant, with an installed capacity of 321 MW located in Falls County (Texas, United States) and an investment of $369 million (about €341 million), as reported on Monday by Expansión. Specifically, the project supplies electricity to the Texas…

Relevant News Item 4th March 2025

Iberdrola-Renault agreement to promote EVs with €800 discount on car purchases

Link Securities | Iberdrola (IBE) and Renault Group (RNO-FR) have joined forces to promote the accessibility of electric vehicles in Spain, the two companies explained this Friday in a joint statement, as reported by the digital portal Bolsamania.com This collaboration means a discount of €800 on the purchase of an electric vehicle from any of the brands of the Renault Group (RNO-FR) (Renault, Dacia and Alpine). Thus, Renault Group (RNO-FR)…

Spanish economy 28th February 2025

Iberdrola’s profit increases 17% to €5,612M in 2024 thanks to regulated network assets and tariff revisions

Bankinter | Results and guidance surprisingly positive. Dividends on the rise. Dividend yield 2025 4.90%. Key figures compared with consensus: total EBITDA €16,848M (up 17%) versus €16,243M est.; NBI €5,612M (up 17%) versus €5,550M estimated; adjusted NBI €5,530M up 15%. Funds generated by operations: €11,836 million (up 10%); Net Debt €51,700 million versus €47,914 million in December 2023. The dividend per share on 2024 results rises 15% to €0.6350/share. The…

Spanish economy 23rd January 2025

Iberdrola chairman says dividend can grow every year and electricity demand will continue to rise

Bankinter | In an interview at the Davos Forum, the company’s chairman Ignacio Galán said that “it is perfectly possible to grow and pay a higher dividend every year”. He considers the commitment to the dividend and the profitability of the 350,000 small investors who are Iberdrola shareholders to be a priority for the group. Galán anticipates that the demand for electricity will grow in the coming years as growth…

In Spain 18th December 2024

Spain: PNV refuses to support extraordinary tax on energy companies

Reconciling the support of center-right nationalist parties, such as the Basque Nationalist Party (PNV) or Junts per Catalunya (the party of the fugitive Puigdemont), with that of extreme left parties (Podemos, Sumar…) was possible a year ago, to elevate Pedro Sánchez to the presidency of the Government despite having lost the elections. Spain has never had a weaker government, more willing to stay in power by making the necessary concessions…

In Europe 10th December 2024

Iberdrola obtains production licence for construction of Portugal’s largest wind farm, with around €350-million investment

Link Securities | Iberdrola (IBE) has obtained the production licence from Portugal’s Directorate General of Energy and Geology (DGEG), marking another step towards the construction of Portugal’s largest wind farm, Bolsamanía reported on Monday. The project, located in the districts of Vila Real and Braga in the north of the country, which combines wind and hydro power, has a total investment of around €350 million. With an installed capacity of…

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