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...Iberdrola will direct the biggest portion of a €41bn investment plan to the US, shrugging off the impact of a possible Donald Trump presidency on America’s flagship green energy policy....
...Iberdrola shares were flat at €11.87....
...Iberdrola got a €650mn loan from the European Investment Bank for Tâmega....
...Iberdrola, the Spanish energy company, has reinvented itself in the 20 years since its general counsel, Santiago Martínez Garrido, has been there....
...But Iberdrola still expects profits after tax to grow by a “mid to high single digit” in 2023. Iberdrola is investing heavily in growth....
...The assets sold represent 77 per cent of Iberdrola’s installed capacity in Mexico....
...Iberdrola, Europe’s biggest utility, has already paid a €100mn windfall tax bill for 2023, half of the expected total for this year....
...Renewable energy group Iberdrola, which has called the tax “arbitrary and discriminatory”, paid out €216mn, about 15 per cent of its quarterly earnings....
...But Iberdrola is far from abandoning the EU....
...Earnings at ScottishPower, owned by Spain’s Iberdrola, rose 12 per cent to nearly £1.3bn in the first nine months of last year....
...Norway’s Equinor and Spain’s Iberdrola revealed bumper profits on Wednesday as the energy groups benefited from turmoil in commodity markets in the wake of Russia’s invasion of Ukraine....
...Centrica, Iberdrola SA’s Scottish Power and Eon had brought a judicial review against the UK government, alleging its decision-making had been unlawful in allowing the Bulb sale to go ahead....
...The share prices of utilities Iberdrola and Naturgy fell less than 1 per cent, suffering less than the banks because the government had previously indicated it would levy charges on energy companies....
...“We are not going to see natural gas prices for a very, very long time as [low as] we saw one or two years ago,” Millán García-Tola, global director of green hydrogen at the Spanish utility Iberdrola, told...
...“No individuals have been indicted in this investigation and Iberdrola itself is not being investigated.”...
...Ignacio Galán, the longstanding chair and chief executive of Iberdrola, said clean energy projects such as large offshore wind farms are too often slowed down by planning bureaucracy in regions such as Europe...
...The letter signed by 26 companies, including utilities Iberdrola and Vattenfall, also calls for the EU to establish mandatory charging infrastructure targets....
...Bill White, head of offshore wind at Avangrid, part of Iberdrola, said strict demands for local content could cripple development of new offshore wind farms that for now rely on equipment made in Europe....
...Iberdrola had previously expected the levy would cost it €2bn during the six months to the end of March....
...Galán said Iberdrola would benefit from those policies....
...As part of its work for Iberdrola, according to the judge, Cenyt sought personal data on Florentino Pérez, the president of Real Madrid football club, whose ACS construction group tried to take over Iberdrola...
...Iberdrola now forecasts annual profits of €7bn by 2030, by which time it plans to invest €150bn worldwide....
...Iberdrola, the renewable energy group, would also like to be included in the government registry for managing the EU funds....
...Acciona’s share price has kept pace with offshore wind pioneer Iberdrola in recent years but renewables are a smaller share of the larger utility’s earnings....
...A joint venture of Copenhagen Infrastructure Partners and Avangrid, a US subsidiary of Spain’s Iberdrola, the $3bn Vineyard Wind would have generating capacity of 800 megawatts of power....
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