Bankinter : Iberdrola’s 9M 2024 results beat consensus estimates. Earnings excluding capital gains from the sale of assets in Mexico increased by 18% versus 13% estimated. Positive factors: (i) Growth in the regulated asset base in networks and tariff revisions; (ii) Improvement in the commercialisation margin and (iii) Record hydroelectric generation and new capacity in renewables. These factors more than offset the lower contribution from the gas business and the...

Banco Sabadell | According to Bloomberg, Iberdrola is in the final stages of bidding for a portfolio of renewable assets from Neoen in Victoria (Australia). The portfolio would consist of three operating assets: a 125 MW solar farm, a 194 MW wind farm and a 20 MW battery storage system and a 300 MW battery. Assessment: News of limited impact pending to know if Iberdrola finally acquires the assets, which...

Alphavalue/DIVACONS | Iberdrola (IBE) and Masdar, the Abu Dhabi Emirate’s renewable energy group, have completed the installation of wind turbines at the Baltic Eagle offshore wind farm, the two companies announced on Wednesday. A total of 50 turbines with a capacity of 476 MW have been installed. This project is part of the strategic agreement between the two companies. When fully operational, Baltic Eagle, which is already connected to the...

Banco Sabadell: According to press reports, the company will revise upwards its investment forecasts in the UK until 2028, to £24,000 million (approximately €28,000 million) compared to the €14,000 million planned so far. This update is due to the significant growth prospects for energy demand in the UK and energy policies aimed at electrification; two thirds of the investment will be in networks. Assessment: Positive news with limited impact, highlighting...

Iberdrola plans to announce investments of £24 billion (over €28 billion) between the current fiscal year and 2028 in the UK, double what it was considering a few months ago. This will be communicated by the president of IBE, Ignacio Sánchez Galán, to the British Prime Minister Keir Starmer in the coming hours. The acquisition of the Electricity North West group for €5 billion has prompted this upward adjustment in...

Link Securities | Avangrid, a US subsidiary of Iberdrola (IBE), has been selected by the US Department of Energy (DOE) for a $425mcapacity contract for its Aroostook renewable project, according to Bolsamania. The DOE announcement comes as the Maine Public Utilities Commission (MPUC) prepares to issue a request for proposals for transmission lines to connect 1,200 MW of renewable energy to the New England power grid in Maine. The generation...