Iberdrola to invest EUR17bn on renewable energy
Iberdrola SA plans to invest around EUR17 billion (US$17.1 billion) in renewables between 2023 and 2025 in order to reach a total installed capacity of approximately 52 GW of clean energy by the end of the planning period. Nearly half of the budget will be allocated to offshore wind energy.
In its most recent strategy update, Iberdrola will invest EUR75 billion (US$75 billion) in renewable energy, networks, and retail operations between 2020 and 2025. Since then, around EUR30 billion (US$30 billion) has been invested, and a further EUR65-75 billion investment is expected from 2026 to 2030.
Iberdrola will invest EUR27 billion (USD27 billion) in the grid networks of the UK, Brazil, Spain, and the US.
Country updates
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November 09, 2022
Vestas secures turbine order for Goose Creek Wind project in Illinois
Vestas has been contracted to supply wind turbines for the development of the 300 MW Goose Creek Wind Farm project located in Illinois, USA. The order consists of 50 V162-6.2 MW turbines del...
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November 09, 2022
JDR Cables starts construction of its Blyth subsea cable factory
JDR Cable Systems Ltd. has begun construction on its subsea cable manufacturing facility in Cambois, Northumberland, UK, close to Blyth. The 69,000 sq m, GBP130 million (US$149 million) facilit...
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November 09, 2022
Iberdrola secures EUR500m loan for renewable energy projects
Iberdrola SA has signed a syndicated EUR500 million (US$499.8 million) green loan with CaixaBank and BNP Paribas SA, with Cesce providing credit insurance. The 15-year loan will support wind, solar p...
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November 07, 2022
Allianz Capital acquires 147 MWdc Solar project in USA
Allianz Capital Partners has finalized the acquisition of the 147 MWdc Galloway 2 solar project located in Concho County, Central Texas, USA, from Avantus (formerly 8minute).
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November 07, 2022
Primergy Solar plans to build 155 MW Hesperus solar project in Colorado
Primergy Solar Management has submitted its initial permit application to La Plata County, Colorado for the proposed 155 MWac Hesperus Solar photovoltaic project located in the state of Colorado,...
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