ScottishPower owner Iberdrola profits jump 50%
Spanish firm Iberdrola (BME:IBE), the owner of ScottishPower, posted a 50% increase in net profits for the first nine months of the year.
Iberdrola
ScottishPower owner snaps up majority stake in North of England power network for £2.1b
Spain’s Iberdrola announced on August 2 that it had agreed to acquire 88% of the UK’s Electricity North West (ENW) for an equity value of €2.5b (£2.1b).
Abu Dhabi’s Masdar weighs stake in Iberdrola US renewable assets
Abu Dhabi’s Masdar is exploring the possibility of taking a stake in renewable-energy assets owned by Iberdrola SA in the US, according to people familiar with the matter.
Masdar to invest in East Anglia THREE amid €15bn wind, hydrogen push with Iberdrola
Iberdrola and Masdar have formed a partnership to invest up to €15 billion in offshore wind and green hydrogen projects – including the UK’s East Anglia THREE.
Masdar eyes stake in East Anglia THREE wind project: reports
Masdar is reportedly poised to buy a minority stake in ScottishPower Renewables’ East Anglia THREE offshore wind project.
Iberdrola first half earnings meet estimates as hydro recovers
Spanish renewable energy giant Iberdrola reported first-half earnings that met analyst estimates, driven by the recovery of hydropower output in Spain and continued support from its generation and customer business.
Norwegian wealth fund buys into 1.3GW Iberdrola portfolio
Norges Bank Investment Management (NBIM) has signed an agreement to acquire a 49% interest in a 1.3 GW portfolio of solar and onshore wind farms in Spain.
Europe’s energy crisis isn’t over yet for Iberdrola
Europe has been “lucky” this winter as mild weather reduced fuel demand but the region hasn’t seen the end of an energy crisis, Iberdrola's executive chairman said.
Iberdrola warns against hasty reshaping of EU power market
Europe’s electricity market has been operating for a long time and any potential reworking of the system should be evaluated very carefully, according to the continent’s largest utility.
Iberdrola, BP plan green hydrogen and EV charging ventures
Iberdrola (IBE.MC) and BP (LON:BP) plan to form new ventures aimed at rolling out EV charging and green hydrogen infrastructure across Spain, Portugal and the UK.
Iberdrola opens ‘world’s largest’ green hydrogen plant in Spain
Iberdrola has commissioned a solar-powered green hydrogen plant in Puertollano, central Spain, which it says is the largest plant currently operating in the world.
Iberdrola buys rights to 1GW wind project in Australia
The Australian subsidiary of Spanish utility Iberdrola has acquired the rights to an up to 1-GW onshore wind project in the Australian state of Queensland. This further expands its operations in the local market as part of a wider green energy expansion strategy.
Huge potential for offshore wind in Philippines, reports World Bank
The Philippines could get nearly one-fifth of its power from offshore wind by 2040 under a high-growth scenario that would deliver 21GW of capacity, according to the latest study from the World Bank. However, numerous challenges need to be overcome to realise this commercial potential.
UK faces £4 billion bill if government has to bail out Gazprom
UK taxpayers could face billions of pounds in costs if the government ends up nationalising a unit of Gazprom PJSC that supplies about a fifth of the country’s commercial gas.
Vestas beats Tesla, AstraZeneca and Apple to top list of world’s most sustainable companies
Wind turbine manufacturing giant Vestas (CPH: VWS) has been named as the most sustainable company in the world for 2022.
Shell and ScottishPower launch ScotWind bid to develop floating wind farm off north-east coast
Oil and gas giant Shell has confirmed plans to participate in the ScotWind leasing round at the eleventh hour.
Biden administration approves first big US offshore wind farm
The long-stalled push to build massive wind farms in the Atlantic Ocean along the U.S. East Coast took a crucial step forward Tuesday as the Biden administration approved plans for a project off Martha’s Vineyard.
A Just Transition looks unlikely
The decision by the French company EDF to award London-based InfraStrata a contract for eight of the 56 foundation jackets for the NnG offshore wind farm has got a lot of people extremely excited.
Total to overtake green giants on renewable energy capacity by 2030, report says
Total is expected to outpace clean energy giants Iberdrola and Ørsted on renewable power capacity by the end of the decade.
Without technology there is no net zero
It is a fact of life that if you want to achieve net zero you need the technology that can make it happen. You can play around with what you think are smart economic wheezes such as contracts for difference and carbon tax but if you don’t have the technology to enable you to stop burning hydrocarbons then ultimately, they’re of no benefit whatsoever.
Scottish Power outlines new £10bn investment in green energy
Scottish Power is planning to invest another £10 billion into the UK's green recovery over the next five years, it has revealed.
Latin America’s renewable energy capacity set to skyrocket to 123 GW by 2025
Latin America is emerging as a green powerhouse, with some of the strongest renewable capacity growth expected globally in the coming years.
East Anglia One wind farm completed after £2.5bn investment
The East Anglia One wind farm has been completed after a £2.5bllion investment.
Strategic transition role for southern North Sea
As 2020 cranked into gear, there was broadly an air of modest optimism across the UK Continental Shelf (UKCS).
Iberdrola targets Asia-Pacific growth with foray into Australia
Spain’s Iberdrola SA has selected a site for its first project in the Asia-Pacific region, as Europe’s biggest renewable generator looks to expand beyond its core markets.