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Iberdrola

hidraulica 1

Spanish economy 2nd June 2021

Spanish Utilities To Lose €800-1Bn With The Cut In Windfall Profits, 5% Of Their EBITDA

On Tuesday, the Ministry for Ecological Transition presented a draft bill to the Council of Ministers to put an end to windfall profits, i.e. to put an end to the over-remuneration of nuclear and hydroelectric power in order to reduce consumers’ electricity bills, which have risen considerably, among other things, due to the increase in CO2 emissions.According to government sources, the proposal would respect the European regulatory framework (where there should be no discrimination by technology) and would be similar to that existing between 2006/2009, with the reduction of a part of the CO2 “dividend” to non-emitting plants prior to 2005 that sell energy on the market.

made europe

Spanish economy 21st May 2021

The European Industry, Led by Iberdrola And Telefónica, To Recycle 5 M Jobs, Some 25% Of The Region’s Workforce

Major European industry players, co-led by Iberdrola and Telefónica, has launched a programme to train five million people in the European Union by 2030. The aim is to boost education and the search for structural solutions to combat unemployment on the continent, Europa Press reported. The initiative, called ‘Re-skilling 4 Employment’ (R4E), has been promoted by the main European business lobby, the European Round Table for Industry (ERT). It is headed up by firms such as Iberdrola, Telefónica, AstraZeneca, Nestlé, SAP, Sonae and Volvo Group.

utilities brand value

Spanish economy 21st April 2021

Iberdrola, Naturgy And Endesa Among The 20 Utilities With The Highest Brand Value In The World

Iberdrola is the Spanish energy brand with the highest growth in brand value, with a 1.4% increase in brand value and remains the most valuable Spanish energy company in the world according to Brand Finance, the intangible valuation consultancy. Furthermore, Iberdrola is the only Spanish company in the sector’s top 10. It ranks 6th in the table and has a value of €4.38 Bn. The ranking is headed by China’s State Grid with €46.9 Bn.

Iberdrola Mexico

Ibex, Markets, Spanish economy 16th March 2021

Suspension Of Mexico’s Energy Reform Will Hardly Affect Spanish Utilities

Banco Sabadell | A federal court in Mexico has temporarily suspended the government’s legislative reform for the electricity sector. The reform would prioritise energy production by state-owned company CFE when it comes to feeding energy into the grid. In turn this would harm private renewable generation firms which, by producing more cheaply, would enter the market earlier. The impact of for the Spanish firms with presence in the Mexican market, Iberdrola, Acciona and Naturgy is limited.

Iberdrola will sign a global agreement with Nissan to promote electric cars

Ibex, Markets, Spanish economy 8th March 2021

Iberdrola And Seat Team Up With The Government To Build The First Electric Battery Plant In Spain

Iberdrola has agreed a public-private partnership with Seat and the Spanish government to build a battery factory for the electric car in Catalonia, specifically in the city of Martorell, where the automaker has its factory. However, this alliance could be open to other partners. The sources quoted in some media suggest that the investment would be around €6.8 Bn and that the project is likely to receive part of the resources from the European recovery fund.

Iberdrola Ireland

Ibex, Markets, Spanish economy 5th February 2021

Iberdrola Acquires 3 GW Offshore Wind Project Pipeline In Ireland

Iberdrola agrees to acquire majority stake in three DP Energy projects on the east, west and south coasts of the country, which will be eligible for the forthcoming offshore auctions in 2025-2030.The company already operates offshore wind farms in UK and German waters, with new developments in the UK, US and France · Including Ireland, Japan, Sweden and Poland, Iberdrola’s offshore wind pipeline now exceeds 30 GW.

iberdrola guapis

Ibex, Markets, Spanish economy 9th November 2020

Iberdrola Launches €75 Bn Investment Plan To 2025 As A Commitment To Economic Recovery

90% of this investment volume – €68 Bn – will be organic and will be aimed at consolidating its business model, based on more renewable energy, more networks, more storage and more intelligent solutions for its customers. The rest, €7 Bn, corresponds to the recently announced acquisition of American company PNM Resources. This unprecedented rate of expenditure will represent an average investment of €10 Bn per year between 2020 and 2022, and €13 Bn per year in the period 2023-2025.

ibedrola renewables

Ibex, Markets, Spanish economy 23rd September 2020

Iberdrola To Develop The Still Inmature Japanese Offshore Wind Market

Iberdrola is targeting the Japanese market as a new platform for growth in renewable energy, specifically in the field of offshore wind. It has signed a deal with Macquarie’s Green Investment Group to acquire 100% of the local developer Acacia Renewables, which currently has two offshore wind farms under development, with a combined capacity of up to 1.2 GW. The operation will allow Iberdrola to position itself in the early development stage of Japan’s offshore wind market.

Ibedrola Australia

Ibex, Markets 17th June 2020

Iberdrola To Achieve 1,000 MW Of Operating Capacity In Australia With Takeover Bid For Infigen Energy

Renta 4 | Iberdrola has announced a takeover bid for 100% of the Australian renewables company Infigen Energy at a price of AUD 0.86$ per share. This is in line with Infigen Energy’s current stock price, but 6% higher than the offer made by UAL Energy on 9 June. It values Infigen at AUD 841 M (510 million euros approximately, 0.7% of Iberdrola’s market cap), with an EV/EBITDA multiple of 8.2x (vs 10x at Iberdrola’s current price).