Climate emergency, new agreements and renewable energy

Hello everyone! We are back with more news about energy, climate change and renewables ??

A few days ago, Ignacio Galán, the exectutive chairman of Iberdrola, was interviewed by BBC program "Talking Business", where he disussed the climate emergency.

In the interview, the big question was asked: Are we doing enough to fight Climate change? Our chairman was clear and said that more needs to be done to achieve zero emissions. And he emphassied that:

"Time is running out, we must act now"

During the interview, the topic of renewable energy storage was discussed, and Galan mentioned that Iberdrola is working on this by investing in the company's hydroelectric plan. This involves: replacing the current hydroelectric centrals with reversible ones and working on batteries worldwide.

Transmission networks agreement in Brazil

We signed a new agreement with GIC, a Singapore-based wealth fund, to develop transmission networks in Brazil!

This new alliance will consist of co-investing in operational transmission assets in Jalap?o, Santa Luzia, Dourados, Atibaia, Bigua?u, Sobral, Narandiba and Río Formoso, totaling of 1,865 km of power lines, with an average concession period of 25 years.

This agreement involves an investment of €456 million! ????

Renewables around the world: Greece

In our series "Renewables around the world", we move to Greece where our Askio II and Rokani wind farms are now up and running!

The first located in the West Macedonia region, and joins the fully operational 50.4 MW?Askio III project, which was completed in 2022. The second placed in the Vitoria region.

With these three, Iberdrola now has 421 MW of operational renewable energy capacity in the Hellenic country.

New partnership in German

?? More partnerships to further promote the energy transition. We have signed a long-term power purchase agreement (PPA) with TMD Friction for our new offshore wind farm Windanker, in the German part of the Baltic Sea. We will supply sustainably generated wind energy from 2027: providing 50 GWh per year, which covers 50% of TMD Friction's total demand in Germany.

?? 50 GWh per year.

? Covers 50% of TMD Friction's total demand in Germany.?

By using our green power, TMD Friction, a global leader in brake lining solutions for the automotive and brake industries, can reduce its CO2 emissions ????????

Global expansion of the partnership is already planned and further green energy initiatives in the UK and Brazil are currently under review ??.

Green hydrogen for descarbonisation

Last week we celebrated #WorldHydrogenDay, with the promotion of its clean version: Green Hydrogen.

We lead the development of this technology worldwide with more than 60 projects, in 8 countries. Combining innovation and sustainability ???? this type of hydrogen is 100% renewable, and necessary to achieve the #decarbonization of industry and transportation.

Let's keep moving forward in the #energytransition ??!

?? That’s all for today. Find us on social media where you can learn more about what we’re up to (and much more ??). Follow us on Twitter, Instagram, TikTok, Facebook, Pinterest or YouTube for the best news in energy!

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