Hints and tips:
Related Special Reports
...Iberdrola will fund €36bn of the €41bn plan, the rest being provided by investors including Norway’s sovereign wealth fund and Masdar, the UAE’s renewable energy company....
...Scrapping the agreement will force a rethink of Iberdrola’s plans in the US, where the transaction would have made Avangrid the third-biggest renewable energy company in the country....
...That need for storage will only grow as renewable power expands. Portugal had 61 per cent of its electricity from renewable sources in 2023 and is aiming for 85 per cent by 2030....
...This leaves solar to spread a little sunshine in the lives of renewables specialists — so long as the sun itself shines often....
...Spanish renewables group Iberdrola has called off its planned $8bn acquisition of PNM Resources, cancelling a deal that would have transformed its Avangrid subsidiary into one of the biggest companies in...
...Rival Iberdrola is at a 30 per cent premium. Cattaneo’s plans should help narrow the gap....
...The Iberdrola agreements form part of up to €15bn in funding that Masdar and the Spanish group have agreed to mobilise at COP to back renewable energy projects....
...renewable sector has been terrifying investors....
...The FTSE 100 companies National Grid and SSE, and Scottish Power, controlled by Iberdrola, own the main transmission networks and some of the regional distribution networks they feed into, which take electricity...
...Last year, Avangrid, the US subsidiary of Spanish utility Iberdrola, cancelled contracts to sell power generated by projects off Massachusetts and Connecticut after asserting they had become “unfinanceable...
...But the past two years have seen a further acceleration in its ambition to become a world-leading investor in renewable energy, with plans to plough €47bn into areas such as renewables and energy networks...
...Most of this new renewable energy will be deployed in China, which is expected to account for a staggering 55 per cent of new global renewables capacity this year, according to the IEA....
...Harry Banks, chair and founder, said Brookfield’s “greater resources” would help develop the renewables portfolio....
...But Iberdrola still expects profits after tax to grow by a “mid to high single digit” in 2023. Iberdrola is investing heavily in growth....
First Solar’s conundrum over repatriating funds solved via deal with fintech company Fiserv
...Rival Iberdrola gets a 30 per cent premium. Cattaneo’s plans should help narrow the gap....
...A subsidiary of Iberdrola agreed to pay almost $50mn to terminate an agreement with several utilities in Massachusetts in July....
...Signatories to the letter also include AstraZeneca, BT Group, Nestlé, Unilever, Bayer, Ørsted, Iberdrola and Vodafone....
...A flood of Chinese-produced solar panels is driving prices to record lows in the US, a boon for renewable energy developers but a threat to solar manufacturers trying to create a domestic supply chain for...
...Spain’s Iberdrola has cancelled or sought to renegotiate power contracts for offshore wind farms in the US after costs surged....
...While the country’s energy sector is already remarkably green — producing more than 99 per cent of its energy from renewables such as hydroelectric and geothermal — it still relies on fossil fuels for transportation...
...It has a target of 5GW of renewable energy output by 2025 and a target to achieve net zero CO₂ emissions by 2050....
...In October last year, the fund announced a A$300mn partnership with energy storage and renewables developer Birdwood Energy....
...Spain’s Iberdrola has also cancelled or sought to renegotiate power contracts for offshore projects after costs surged....
...Google DeepMind researchers have discovered 2.2mn crystal structures that open potential progress in fields from renewable energy to advanced computation, and show the power of artificial intelligence to...
International Edition