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According to the terms of the agreement, the assessment of 100% of the assets in the portfolio amounts to roughly EUR 1.2 billion. Iberdrola will certainly have a majority stake of 51% in the assets and Norwegian fund will have the rest 49%.

Iberdrola's 2024 net profit surges 16.8% to EUR 5.612 billion, fueled by record EUR 17 billion investments, underscoring its strategic growth and commitment to sustainable energy.

Francisco Pizarro project is the programmer's largest facility of this technology worldwide

Spanish utility Iberdrola SA (BME: IBE) revealed today that it has settled the building of the 13.5-MW Conde solar photovoltaic (PV) plant in the Setubal area, Portugal.

Spanish utility Iberdrola SA (BME: IBE) claimed on Wednesday that it has actually settled the agreement with Norway's Norges Bank Investment Management (NBIM) to offer it a minority risk in a 1,265-MW wind as well as solar portfolio in Spain and included greater than 500 MW of renewables to the negotiations.

Iberdrola raises €750M via green bond, fueling renewable projects and setting a new standard in sustainable finance.

Spanish utility Iberdrola aims to speed up the manufacturing of green hydrogen after signing a contract with Norwegian business Nel and developing a brand-new endeavor dedicated to the setup and also upkeep of electrolyser plants.

Finance will money its innovation, r & d strategy until 2023

Installation work is progressing at the Montechoro 1 (11.57 MW) as well as Montechoro 2 (25MW) projects

UK eco-friendly business RES has actually sold its Avonlie solar advancement project to Spanish electric utility Iberdrola. The project lies in New South Wales, Australia, and also is RES' biggest ever solar advancement with generating capacity standing at 245 MW dc/ 190 MW ac.

Spanish renewables developer Iberdrola has actually signed a power purchase arrangement (PPA) with pharmaceutical firm Bayer to supply 100% renewable power.

Iberdrola SA (BME: IBE) has actually pledged to spend up to EUR 3 billion (USD 2.99 bn) to expand its renewable energy capacity in Australia, the business announced on Monday.

Iberdrola and Vodafone have signed three Power Purchase Agreements (PPAs) to supply Vodafone with 410GWh of solar generated electricity. These PPAs will help both companies reach their net-zero targets and provide energy security. Three solar plants will be built in Spain and Germany with a capacity of 56MW by 2024. Both companies are committed to finding more sustainable energy solutions.

The company behind what is perhaps Europe's biggest solar plant has actually sworn to scale up financial investments to aid respond to the COVID-19 dilemma, which has forced them to quit PV building for the time being.

The Tâmega complicated will certainly have the capacity to create 1,766 GWh a year.