|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.69 - 9.69|
|52 Week Range||7.28 - 10.47|
|Beta (3Y Monthly)||0.43|
|PE Ratio (TTM)||19.00|
|Forward Dividend & Yield||0.44 (4.56%)|
|1y Target Est||N/A|
Spanish power firm Iberdrola SA said on Friday it plans to make its first foray into the Asia-Pacific, building a A$500 million ($343 million) wind and solar farm in Australia. Iberdrola, which up to now has focused on Europe, the United States, Mexico and Brazil, has picked a site in South Australia, Australia's most wind power-reliant state, to build a 320 megawatt hybrid project. "We have spent several years studying the opportunities in Australia, and we now have a healthy initial pipeline of around 650 megawatts of wind and solar projects that we would like to develop," Iberdrola's director of renewable energy, Xabier Viteri, said in an emailed comment.
Iberdrola will look at any deal opportunities in the United States and United Kingdom, its chairman said on Wednesday, as the Spanish energy giant accelerates an investment drive focused on renewables. "We have already done what we planned, and at this moment we are accelerating our investment to benefit from the opportunities of the energy transition and the resources it will provide for ourselves," Chairman Ignacio Galan said. The Financial Times reported this month that Iberdrola's U.S. unit Avangrid Inc was in talks to combine with PPL Corporation, although the companies have not confirmed this.
The Spanish energy company said net profit for the first nine months of the year rose to 2.52 billion euros ($2.80 billion) from EUR2.09 billion a year earlier
Spanish renewable energy giant Iberdrola on Wednesday posted an 11.6% rise in core earnings for the first nine months of 2019 and reiterated its growth guidance for the whole year. Supplying energy to more than 30 million people in Spain, the United States, Brazil and Britain, Iberdrola raked in core earnings before interest, tax, depreciation and amortisation (EBITDA) of 7.5 billion euros ($8.33 billion). Iberdrola confirmed it expected its net profit to rise at a double-digit rate in total in 2019.
Latin American banks and corporations are facing a steep learning curve as they turn to sustainable lending as a viable financing tool. As tackling climate change becomes a vital priority in the region, so does aligning environmental, social and governance (ESG) strategies with borrowing needs. More exposure to these products could set off rapid growth in a region that is positioned to keep growing while ESG norms become more prominent.
The Brazilian government awarded on Friday contracts for companies to build new power generation installations with combined capacity of 2.98 gigawatts, that will cost about 11.16 billion reais ($2.71 billion) to be built. According to the power trading chamber CCEE, the new plants, which will need to be operational in six years, will sell energy for an average price of 176 reais per megawatt, a 33% discount over the initial price at the auction. France's Voltalia, Norway's Statkraft and Brazil's Eneva are among the winning bidders.
LISBON/MADRID, Sept 5 (Reuters) - Portuguese utility EDP is expected to put Spain's Iberdrola, Norway's Statkraft and Austria's Verbund on a shortlist of final bidders for its hydro assets, three sources with knowledge of the matter told Reuters. The sale, led by Morgan Stanley and UBS, is part of a wider portfolio clean up as EDP wants to plough in more cash into its renewable energy business. It has drawn interest from other European utilities and investment funds including Enel, Engie, Macquarie and Brookfield, the sources said.
Spanish energy firm Iberdrola has agreed to sell a 40% share in British offshore wind project East Anglia One to the Green Investment Group, it said on Monday. Iberdrola will receive 1.63 billion pounds ($2 billion) for the 40% stake, it said. When East Anglia One is operational in 2020 it will be one of the world's largest wind farms, with a capacity of 714 megawatts or enough power 600,000 homes.
Singapore's Pavilion Energy said on Thursday its wholly owned subsidiary has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural gas (LNG) assets. The portfolio comprises about 4 million tonnes per annum (mtpa) of Iberdrola's long-term LNG sale and supply contracts, Pavilion said in a statement. The portfolio also includes long-term regasification capacity of about 2 mtpa at Britain's Grain LNG terminal, access to regasification capacity in Spain and on a pipeline between Spain and France, as well as the time-charter of a newly built LNG vessel.
By Foo Yun Chee BRUSSELS (Reuters) - From Volkswagen to Spotify to Iberdrola, Europe's biggest firms are urging people to vote in key European Parliament elections this weekend amid concerns that an anti-EU ...
Spain's main electricity providers have reached an agreement to renew the life of the country's oldest nuclear plant until its planned closure, the company operating the site said on Friday. The Almaraz plant in Western Spain hosts the first two nuclear reactors slated for closure in a calendar which foresees all seven in the country going offline between 2027 and 2035. Phasing out nuclear power, which provides about a fifth of Spain's electricity, is part of a package of energy market proposals that was one of the last initiatives of the Socialist government before parliament was dissolved before a general election next month.
SAO PAULO/BRASILIA, March 11 (Reuters) - Shareholders of Neoenergia SA will soon seek advisers to relaunch an initial public offering (IPO) by the Brazilian power company controlled by Spain's Iberdrola, a person with knowledge of the matter said on Monday. Minority partners Banco do Brasil and Brazilian pension fund Previ intend to partially sell their shares in the offering, added the source. Banco do Brasil and Previ declined to comment on the matter.
Spanish energy company Iberdrola said on Tuesday it will speed up its investment plans, the majority of which will be spent on its networks and renewables businesses, as part of its four-year strategy to 2022. The leading global wind energy producer said total spending in the period will amount to 34 billion euros ($38.61 billion), higher than the 32 billion euros it expected to spend. In its home market, where the outgoing Socialist government recently disclosed its draft proposal to decarbonise the economy, Iberdrola said it will spend 8 billion euros in the period, earmarking 4.2 billion euros for renewable assets.