EIB, ICO and Iberdrola Sign Green Financing Deal for Europe’s Largest PV Plant

EIB and ICO will finance the development of the 500 MW Núñez de Balboa PV power plant, which Iberdrola is currently building in Extremadura, Spain. The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) will finance the development of the Núñez de Balboa photovoltaic power plant, which Iberdrola is currently building in Extremadura, Spain. […]

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Iberdrola Fast tracks its 590 MW Solar Project in Spain

Iberdrola is moving forward with its renewables strategy with the 590 MW Francisco Pizarro solar project with an investment totaling more than €300 million. Spanish public multinational electric utility, Iberdrola has announced that it is moving forward with its renewables strategy with the Francisco Pizarro project which, with 590 MW and investment totaling more than […]

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Iberdrola Signs PPA For 52 MW Wind Power in USA

Iberdrola group, through its subsidiary in the USA, Avangrid Renewables, has signed a PPA (Power Purchase Agreement) with Dairyland Power Cooperative to supply 52 MW of renewable energy from the Tatanka Ridge wind farm in South Dakota. Dairyland’s portion of Tatanka Ridge’s output would represent enough wind power to power approximately 16,000 homes. Avangrid Renewables […]

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Iberdrola Posts First Quarter Profit Increase of 15 Percent

The group is moving forward with 4,100 new MW of capacity scheduled for 2019, which will increase annual production by 13%, and another 8,800 MW between 2020 and 2022. Spanish public multinational electric utility company, Iberdrola recently issued its first quarter financial results. Obtaining a net profit of €963.9 million in the first three months, […]

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Iberdrola Commences Work on $340 million Spanish Solar Plant

Spanish utility Iberdrola has commenced work on a 500-megawatt (MW) solar photovoltaic power plant in Badajoz, Spain. It is its first PV project in Europe. The facility, Iberdrola’s first photovoltaic plant in Europe, will use 1.5 million panels spread across a 1,000-hectare site. The company will invest around 300 million (US$340 million) euros in its development. Iberdrola […]

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Iberdrola and IFIT Back RE in the Canary Islands to Contribute to Energy Transition

The commissioning of their first wind farm in the islands is an example of a model to be followed: competitive and sustainable energy developed by local partners and world-class developers, that creates jobs and contributes to communities. Iberdrola and its local partner Inversiones Financieras Isla de Tenerife (IFIT), are backing the development of renewable energy […]

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Spain’s Iberdrola Steps Up Plans With Euro 34 Bn Investment Planned by 2022

47% of the overall amount (Euro 16 billion) will be invested in Networks and 39% (Euro 13.3 billion) in Renewables. Generation and Supply will receive 11% of the total (Euro 3.8 billion). Iberdrola is stepping up global growth with investment rising to Euro 34 billion in the 2018-2022 period. This breakthrough means an upward revision from […]

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Nike Signs First Wind Power PPA in Europe

The global sporting brand now benefits from the supply of over 200 megawatts (MW) of renewable wind power. Nike, the global sporting brand, has signed a Power Purchase Agreement (PPA) with Spain’s Iberdrola to source 40 MW of wind power from the Cavar wind complex in Navarra, northern Spain to power its facilities in Europe. […]

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Iberdrola Begins Construction on 100MW Solar PV project in Mexico

Around 400,000 solar panels on a 300-ha (741 acres) land plot in Hermosillo municipality will be used for the construction of 100MW Solar PV project in Mexico. Iberdrola, Spanish energy group has started the construction of 100 MW Solar PV Project in the northwestern Mexican state of Sonora. The 100MW Solar PV project will be […]

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