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The Latest Breaking News from Iberdrola

Spain, Portugal and parts of France hit by massive power outage

A nationwide power outage hit Spain and Portugal on Monday, leaving millions without electricity. Reports indicate issues with the European electric grid. This is what we know.

Euronews

UK’s offshore windfarms to be painted black to protect birds

Trial announced as Keir Starmer arrives in Washington to meet Donald Trump, a longtime critic of windfarms

The Guardian - UK

Watchdog probes ScottishPower owner’s £2.1 billion purchase of English energy firm

A probe into ScottishPower owner’s £2.1 billion deal to buy North West Electricity Networks has been launched by Britain’s competition watchdog.

The National (Scotland)

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Competition watchdog probes ScottishPower owner’s £2.1bn network deal

The Competition and Markets Authority will decide by March 27 whether to refer the acquisition for an in-depth investigation.

Evening Standard

Green energy firms promise more than £24bn of new investment in Britain

Industry bosses to meet prime minister before government’s international investment summit next week

The Guardian - UK

Iberdrola's Ignacio Galan: Trump is 'not new for us'

Also: Ex-Amazon exec raises $100 million; Samsung apologizes to investors; Enterprise CEO on what customers don't know.

Fortune

Climate Pledges Of Big Firms 'Critically Insufficient': Report

From carmakers to fast fashion, dozens of major international companies are failing to reduce their greenhouse gas emissions at the pace required to slow climate change, a report said Tuesday.

International Business Times

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Salt, air and bricks: could this be the future of energy storage?

Start-ups turn to heat over batteries and are aiming to industrialise the practice

The Guardian - UK

Proposed merger of New Mexico, Connecticut energy companies ends; deal valued at more than $4.3B

Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with a U.S. subsidiary of global energy giant Iberdrola has ended

The Independent UK

UK will not return to Cameron era’s close ties with China, Sunak says

At summit to drum up foreign investment PM says he does not intend to change policy towards Beijing

The Guardian - UK

UK hosts Global Investment Summit; Metro Bank shareholders back rescue plan – as is happened

Rolling coverage of the latest economic and financial news, as hundreds of investors meet at Hampton Court

The Guardian - UK

Green shipping is here. Except it really isn't

Does the transition to green shipping depend on greater demand? Maybe, maybe not.

Fortune

Spanish industry kicks off EU green hydrogen race

Spain wants to use its plentiful sunshine and wind to be a world leader in the production of “green” hydrogen created exclusively from renewable energy

The Independent UK

ScottishPower inks turbine deal for world’s second-largest offshore wind farm

95 wind turbines have been bought from Siemens Gamesa for £1.3bn

Insider UK

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Reuters

After harmony, Spanish government's ties to business hit discordant note

The relationship between Spain's left-wing government and the business sector has deteriorated sharply this year and mutual attacks are getting increasingly personal.

The Guardian - UK

ScottishPower reports retail loss as consumers cut back on energy use

Renewable energy generator said underlying group profits were helped by windy conditions last year

Daily Record

Dozens of giant turbines at Scots windfarms powered by diesel generators

Scottish Power admitted 71 of its windmills were hooked up to the fossil fuel supply after a fault developed with their power supply.

Fortune

Mild weather has saved Europe this winter. Here’s what we must do to avoid future energy crises

Europe can't depend on luck for its energy security. Iberdrola chairman Ignacio Galán has a five-point strategy for the continent.

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Daily Record

Scottish Power rakes in £924 million profit 'while Scots households go hungry'

Unite will stage a protest outside Scottish Power's Glasgow headquarters after the firm reported bumper profts.

AAP

Energy giant earmarks $4.4b for Australia

A European leader in clean energy has earmarked $4.4 billion for Australia's transition, with new climate laws set to require a massive spend on the grid.

Irish Mirror

Irish cafe owner flabbergasted after getting €10k electricity bill says 'we're not using any more than last year'

The business owner revealed she did a double-take after initially receiving the invoice and believed it was a mistake

Daily Record

Scottish Power chief earned over £11m despite facing fraud and bribery probe

It was alleged he breached the privacy of Real Madrid’s Florentino Perez when his construction company ACS was fighting for a seat on Iberdrola’s board in 2009.

The Guardian - UK

Wind, hydrogen, no demolitions: how next PM can put UK on net zero path

Boris Johnson’s plans are behind schedule and the CBI says Britain is falling behind Europe and the US

The Guardian - UK

ScottishPower to build £150m green hydrogen plant at Port of Felixstowe

Exclusive: plant at Suffolk port is slated to produce 100megawatts of power from 2026

InsideEVs

Volkswagen Group Announces €3 Billion Battery Gigafactory In Spain

The Volkswagen Group announced that together with partners in the Future: Fast Forward project, it will mobilize €10 billion to make Spain a European hub for EVs.

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