Iberdrola

Companies 28th July 2025

Mexico seeks €305 million from Iberdrola for damage to 13 combined cycle plants sold to Mexico Infrastructure Partners in 2024

Banco Sabadell | According to press reports, the president of Mexico is claiming more than $357 million (€305 million) from Iberdrola for damage to the thirteen combined cycle plants that Iberdrola sold to the state-owned entity Mexico Infrastructure Partners in 2024. Assessment: Regardless of how this lawsuit ends, the amount is low for a company of Iberdrola’s size (0.3% of market capitalisation), so we do not see any material impact…

Companies, Relevant News Item 18th July 2025

Iberdrola completes acquisition of Electra del Maestrazgo’s energy distribution, marketing and generation business

Link Securities | Iberdrola (IBE) announced on Thursday that it has completed the acquisition of the energy distribution, marketing and generation business of Electra del Maestrazgo, a family-owned utility based in Castellón, according to the Bolsamania website. The statement also highlights that it expects a ‘positive impact on its accounts’ from this acquisition and anticipates that this will be reflected in its results. Iberdrola explained that the National Commission for…

Companies, Relevant News Item 17th July 2025

Iberdrola formalises five-year credit line of €2.5 billion with group of 32 international financial institutions

Link Securities | On Wednesday, the electricity company signed a €2.5 billion credit facility with 32 international financial institutions, a transaction that was oversubscribed by 45%. The credit facility, which will have an initial term of five years, extendable for another two years, has multi-currency terms and has been secured at the most competitive cost of all the facilities currently available to the company. With the agreement signed, more than…

European economy 30th June 2025

Iberdrola, through Scottish Power, in talks with OVO Energy for possible merger of energy supply businesses

Alphavalue/DIVACONS | The Spanish utility, through its subsidiary Scottish Power, is in talks with OVO Energy for a possible merger of their energy supply businesses in the United Kingdom. If completed, this transaction would create the third-largest energy supplier in the country, with more than six million customers, behind only British Gas and Octopus Energy. Although the talks are at a very early stage, it is believed that Ovo could…

World economy 26th May 2025

Iberdrola founds East-West Digital company to develop AI-based solutions for global sustainability

Alphavalue / Divacons | The Spanish utility yesterday announced the official launch of East-West Digital, a new company dedicated to the development and commercialisation of AI-powered digital solutions for sustainability. East-West Digital will leverage innovations developed by Iberdrola Innovation Middle East, a world-leading digital solutions innovation centre developed by Iberdrola at the Qatar Science and Technology Park. The company will design, industrialise and commercialise AI-based solutions for sustainability with global…

Spanish economy 9th May 2025

Iberdrola to halve investment in renewables next year to focus efforts on networks

Banco Sabadell | According to press reports, Iberdrola will halve its investment in renewable energy next year, from around €8 billion to €4/€5 billion per year. Iberdrola has decided to continue rebalancing its investment effort towards networks and reduce its investment in renewables, where it will invest selectively. Thus, between 2024 and 2026, the investment forecast for networks amounts to €21.5 billion. Of the €15.5 billion it will invest in…

Spanish economy 2nd May 2025

Networks division drives Iberdrola’s 1Q25 results: company earns €2,004 million (up 26%) excluding capital gains

Bankinter | First quarter 2025 results beat estimates thanks to the network division. Maintains 2025 guidance (single-digit growth) excluding the positive impact of past cost recognition in the US. Growth would reach double digits with this impact. Key figures compared with consensus: EBITDA excluding capital gains €4,643 million (+12%) versus €4,491 million est.; NAV excluding capital gains €2,004 million (+26%) versus €1,707 million est.; Funds generated from operations €3,502 million…

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…

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