|Bid||9.21 x 0|
|Ask||9.21 x 0|
|Day's Range||9.21 - 9.31|
|52 Week Range||5.94 - 9.57|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||17.99|
|Forward Dividend & Yield||0.40 (4.30%)|
|1y Target Est||N/A|
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.
Britons could see a 6 billion pound cut in energy bills over five years from 2021, saving the average household 40 pounds per year, under plans to curb what gas and electricity network firms can pay shareholders. Regulator Ofgem, which introduced a price cap on standard energy bills in January after lawmakers said customers were being overcharged, is now targeting the operators whose network fees make up around a quarter of British household energy bills. Ofgem said it plans to cut the amount network firms pay their shareholders, known as the "cost of equity range" by almost 50% for the next regulatory period starting in 2021.
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 ...
Britain's opposition Labour Party intends to take energy networks back into state ownership if elected, prompting infrastructure owners to warn of damage to investment, high taxpayer costs and a slower transition to green energy. Labour's shadow business and energy secretary, Rebecca Long-Bailey, late on Tuesday published party plans via twitter to renationalise the country's 60-billion-pound energy networks and establish a National Energy Agency. Britain's energy infrastructure, such as gas pipes and electricity cables, is owned by several firms including SSE, National Grid and Iberdrola's Scottish Power.
British energy supplier Pure Planet, in which oil giant BP has a 25 percent stake, has cut its average annual dual gas and electricity price by 2.4 percent, it said on Wednesday. The cut is the company's second price drop this year and comes after all of the country's 'big six' suppliers raised their average prices around 10 percent in April in line with an increase in the energy regulator's price cap.
Moody's Investors Service ("Moody's") today assigned a first time Baa3 long term Issuer Rating to Spain-based wind turbine technology company Siemens Gamesa Renewable Energy, S.A. ("Siemens Gamesa" or "SGRE").
Rating Action: Moody's erteilt Baa3-Emittentenrating mit stabilem Ausblick für Siemens Gamesa. Global Credit Research- 07 May 2019. Frankfurt am Main, May 07, 2019-- Moody's Investors Service hat gestern ...
The steady decline of British wholesale gas prices shows no sign of reversing this summer, which should provide some relief to households when it is reflected in a lower price cap on energy tariffs this autumn. A cap on default electricity and gas bills - a flagship policy of British Prime Minister Theresa May to end what she called "rip-off" prices - came into force in January to set a maximum price suppliers can charge consumers on certain tariffs. Energy market regulator Ofgem said it would remove around 1 billion pounds of overcharging from consumer bills by forcing suppliers to limit the price of their default tariffs to the level of the cap, or below.
The number of British customers switching energy supplier in the first quarter of 2019 rose by 12 percent compared with the same period last year, data from industry group Energy UK showed, despite a government price cap which began in January. Energy regulator Ofgem was told by parliament last year to set the price limit after lawmakers said customers on the most commonly used standard tariffs were being overcharged for electricity and gas. Prime Minister Theresa May had called the tariffs a "rip-off".
Banks active in Latin America have earmarked potential green loans for corporate borrowers, which seek to advance environmental, social and governance (ESG) criteria, despite some companies’ reluctance to allocate resources to environmentally-friendly operations. To date, just two companies have raised green loans in Latin America. Spanish utility Iberdrola raised US$400m for its Mexican subsidiary in April 2018 and Peruvian conglomerate Ferreycorp in November signed a US$70m loan with BBVA.
Announcement: Moody's announces completion of a periodic review of ratings of Iberdrola S.A. London, 29 March 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Iberdrola S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.