Iberdrola has completed the acquisition of an 88% stake in Electricity North West (ENW), a UK-based electricity distributor. The transaction values ENW, including its debt, at around €5 billion. This acquisition aligns with Iberdrola’s strategy to strengthen its network business…
The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support energy technology research and innovation projects that will drive the electrification and decarbonization of the economy. The total investment for these projects is estimated…
Black & Veatch, a global leader in critical infrastructure solutions, has been selected as the owner’s engineer for PETROS Power Sdn Bhd’s Miri Combined Cycle Gas Turbine (Miri CCGT) Power Plant in Sarawak, Malaysia. This facility will serve as a…
Trailstone Group, a global energy and technology firm specializing in risk management and optimization for renewable assets across Europe, the U.S., and Japan, has entered into two agreements with renewable energy developer Eurowind Energy. Under these deals, Trailstone will deliver…
Cincinnati-based Synthica Energy has started construction on a new Renewable Natural Gas (RNG) facility in Rome, Georgia, just outside Atlanta. The “Synthica Rome” facility will be the first of its kind in the Greater Atlanta area, diverting nearly 250,000 tons…
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, has announced that its subsidiary, Central Maine Power (CMP), has been awarded $31.8 million in federal funding. This grant aims to implement innovative technologies to…
Duke Energy Florida has successfully restored power to over 99% of customers affected by Hurricane Milton, exceeding the estimated restoration times for all counties, including Central Florida. As of 9 a.m. today, around 3,000 outages remain, a significant drop from…
Iberdrola has received the Fair Tax Mark, an accreditation that recognizes companies for responsible tax payments globally. The Fair Tax Foundation, a non-profit organization, promotes tax fairness and transparency in corporate tax practices. It aims to encourage and acknowledge businesses…
Iberdrola’s global innovation and smart grid center in Bilbao is making strides in enhancing the capabilities of smart grids to electrify the economy, create jobs, and develop the next generation of smart grids. Through its distributor, i-DE, Iberdrola initiated a…
Dominion Energy Virginia and Amazon have signed a Memorandum of Understanding (MOU) to explore innovative development structures aimed at advancing Small Modular Reactor (SMR) nuclear development in Virginia. As power demand in Virginia surges by over 5% annually and is…
Equinor’s long-term safety trend remains positive, though the total number of injuries has slightly increased by the end of Q3 2024, compared to the previous 12 months. As of the third quarter, the serious incident frequency (SIF) per million hours…
Primergy Solar, LLC, a prominent developer, owner, and operator of utility-scale solar and energy storage projects, has successfully secured $350 million in tax equity financing for the 408 MWac Ash Creek Solar project in Hill County, Texas. This funding boosts…