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Spain’s Iberdrola reported a 25.5% increase in the gross operating profit (EBITDA) in its Renewables business unit in the first half of 2018, driven by increased production and the contribution of the Wikinger offshore wind farm in the German Baltic Sea.
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The Board of IBERDROLA has today made the proposal to the subsidiary, which will analyze it over the next few days. Attractive conditions proposed for transaction structure and pricing: * 16.7% premium over average share price of past 6 months (€2.978 per share) * 2.7% premium over exchange equation at time of original share launch […]
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IBERDROLA has announced it is commencing the detailed engineering phase of Wikinger, the company’s first offshore windfarm in Germany, with a view at starting operations on the €1.6billon project by 2016. UK based engineers, project managers and technicians from IBERDROLA’s Offshore Business Division, based in Glasgow and London will have a crucial role in the […]
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Iberdrola has published its interim results for the half year to the end of June, which show that group’s EBITDA rose by 5.7% % and its renewables business EBITDA was boosted by increased capacity from West of Duddon Sands offshore wind farm. “In the first half of 2015 Iberdrola invested more than £2 million each and every day to keep […]
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Operations & Maintenance, Wind Farm Update
Colchester-based offshore services provider CWind has reached the halfway point on a 15-month project to provide a wide range of secondary works at Iberdrola’s 350MW Wikinger offshore wind farm in the German Baltic Sea.
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Even though Iberdrola’s overall gross operating profit (EBITDA) improved by 5.5% in 2016 compared to the year before, the company yesterday reported an 8.9% decrease in its renewables business EBITDA, driven by weaker performance in the UK due to foreign exchange and lower wind resource throughout the year.
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Iberdrola saw an increase in EBITDA of 3.1 per cent to EUR 6,964.5 million in 2014 while its net profit dipped 9.5 per cent to EUR 2,326.5 million. Underperformance comes as a result of Spanish government’s cut to renewable-power subsidies, the company said. However, Iberdrola’s CEO, Ignacio Galan, feels optimistic for the upcoming year. “We […]
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Business & Finance, Grid Connection, Operations & Maintenance
Spanish energy company Iberdrola’s renewables division recorded a gross operating profit (EBITDA) of EUR 1.14 billion in the first nine months of 2016, down 3.3% compared to the first nine months of 2015, due to the poorer performance and the exchange rate effect in the United Kingdom. The company’s renewables division is currently building 1,064 new megawatts […]
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IBERDROLA net earnings rose 8.4% in the first quarter to 952.6 million, while recurring net profit excluding extraordinaries was 4.6% lower at €848 million. Ebitda was 0.3% lower at €2,126.5 million. First quarter results reflect solid operating performance across the businesses, although affected by a €260 million impact on gross margin from regulatory decisions in […]
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Iberdrola will put its investments in 2020 on a fast track with an aim to surpass last year’s investment record and reach EUR 10 billion. This will lead to some 4.5 GW of new capacity currently under construction to be commissioned this year.
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Iberdrola is increasing its net investments by EUR 1 billion, from EUR 24 billion planned at the beginning of 2016 to EUR 25 billion, with 42% of the amount earmarked for renewable energy projects, with most of them located in the United States.
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The East Anglia ONE wind farm project has complied with all the Operational Conditions Precedent (OCPs) to begin receiving payments under the Contracts for Difference scheme in the United Kingdom, Iberdrola said. The added capacity at East Anglia ONE has increased Iberdrola’s installed offshore wind capacity by 77.1% year-on-year, from 544MW at the end of […]
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Vessels, Wind Farm Update
Fred. Olsen Windcarrier has shared a photo of its wind turbine installation vessel Brave Tern hard at work transporting and installing wind turbine components at Iberdrola’s 350MW Wikinger offshore wind farm in the German part of the Baltic Sea.
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Authorities, Business & Finance
Ignacio Galán, chairman of IBERDROLA and ScottishPower, today told the UK Energy and Climate Change Secretary Ed Davey in London that the company’s ambitious investment programme in the UK will help ensure security of energy supply and was optimistic on bringing its major offshore wind programme to fruition. Secretary of State Davey was visiting IBERDROLA’s […]
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IBERDROLA has allocated some €25,000 million to developing economically sustainable renewable energies in the last decade. This is the highest figure ever invested by a company in this field. With over 200 wind farms in Spain and 330 elsewhere in the world, these investments mean that the company now has a renewable installed capacity of […]
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ScottishPower today announces the appointment of Keith Anderson as Chief Corporate Officer. The appointment follows an extensive internal and external recruitment process which fully considered a number of strong candidates. Keith takes on this role which is based in Glasgow, whilst retaining his position as CEO of ScottishPower Renewables. He will drive and champion Iberdrola […]
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Spanish energy giant Iberdrola recorded a net profit of EUR 2.42 billion in 2015, 4.1% more than the previous year, attributed largely to the company’s thriving renewables division. The company’s EBITDA rose to EUR 7.3bn, a 4.9% increase on 2014. The Renewables division marked a 18.6% jump in EBITDA year-on-year, which stood at EUR 1.58bn, and was driven […]
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IBERDROLA has published its 2009-2010 R&D Report. The document includes the Group’s main initiatives and most significant milestones in R&D, in which it has invested over €220 million over the last two years. The Group considers R&D a strategic pillar of its activity when confronting with guarantees the challenges facing the energy sector, and to […]
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IBERDROLA has always endeavoured to lead the way in innovation, spearheading the development of environment-friendly generation… (iberdrola) [mappress] Source: iberdrola, May 09, 2011
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Authorities, Business & Finance
Iberdrola and ScottishPower Chairman and CEO Ignacio Galan met yesterday with the UK’s Chancellor of the Exchequer, the Rt Hon George Osborne MP. The meeting took place in the Treasury in London, where Ignacio Galan outlined Iberdrola’s investment plans and praised the UK’s long track record of a consistent regulatory framework. With the Electricity Market […]
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The Iberdrola USA Foundation, in conjunction with Fundacion Iberdrola of Spain and Scottish Power have announced this year’s Iberdrola Scholarship Program for Energy and Environment Postgraduate Studies in the U.S. recipients. The following students will receive more than $300,000 in total for graduate studies in Maine or New York for the 2013/2014 academic year. University […]
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In a meeting held today, the Board of Directors of IBERDROLA approved the change in the company’s registered office address in Bilbao to the Iberdrola Tower building, Plaza Euskadi nº 5. The move requires that article 4.1 of the company’s Articles of Association be amended. The move to the new corporate headquarters started a […]
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Contracts & Tenders, Wind Farm Update
Iberdrola has received bids from wind turbine suppliers and started activities to purchase electrical components for its East Anglia Hub offshore wind project. ScottishPower Renewables, Iberdrola’s UK company, has combined the East Anglia 1 North, East Anglia 2 and East Anglia 3 projects into one 3.1 GW development. The 1.4 GW East Anglia Three already […]
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Authorities, Training & Education
Energy experts from around the world are to come to Glasgow to study as part of an international MBA programme launched today by the First Minister. The bespoke MBA (Masters in Business Administration) will also give ScottishPower workers based in Scotland the opportunity to gain an international qualification. Alex Salmond announced details of the course […]
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Grid Connection, Ports & Logistics, Vessels, Wind Farm Update
The Andalucía II offshore substation topside built for the 714MW East Anglia One offshore wind farm left Navantia’s Puerto Real shipyard in the Spanish province of Cádiz on Saturday, 4 August, Iberdrola said.
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IBERDROLA chairman, Ignacio Galán, has been invested by the British Ambassador in Spain, Simon Manley, as Commander of the Order of the British Empire. This honorary award, bestowed by HM Queen Elizabeth II on recommendation of the British Government, recognises the important role played by Galán in the development of the UK’s energy industry and strengthening […]
