Ruiz Fernandez said the price Iberdrola was paying put Scottish Power's enterprise value at 12.2 times its forecast earnings before interest and tax (EBIT) for 2007, in line with the European utilities sector average of 12.3 and with German group E.ON's, After buying Scottish Power, Iberdrola will trail only France's EDF. Ignacio Galan, Group Chairman: 'These results reflect the company's broad strategic vision and its capacity for delivery, which have enabled us to be 20 years ahead of … Iberdrola said it would fund the deal with credit worth up to 7.96 billion pounds backed by ABN AMRO AAH.AS, Barclays BARC.L and Royal Bank of Scotland RBS.L. Additional reporting by Daniel de la Puente and Andrew Hay in Madrid and Quentin Webb and Anshuman Daga in London. 2008 : Le distributeur Espagnol, finalise le rachat de l’américain Energy East. © 2020 Iberdrola, S.A. All rights reserved. Browse these projects online now. The deal comes amid some recent speculation in the market that Iberdrola's biggest investor, Spanish builder ACS, , favored merging it with domestic rival Union Fenosa. width: 37px; Carrick Windfarm Public Information Event, Carrick Windfarm - Site Overview, Key Facts and Development Process, Carrick Windfarm - Landscape and Visual Considerations, Carrick Windfarm - Environmental Impact Assessment, Carrick Windfarm – Benefits of the Proposed Development, Euchanhead Renewable Energy Development - Public Information Event, Euchanhead RED - Site overview, key facts and development process, Euchanhead RED - Landscape and Visual Considerations, Euchanhead RED - Environmental Impact Assessment, Euchanhead RED - Benefits of Proposed Development, Harestanes South Windfarm Extension - Public Information Event, Harestanes South Windfarm Extension - Introduction, Harestanes South Windfarm Extension - Site overview, key facts and development process, Harestanes South Windfarm Extension - Landscape and Visual Considerations, Harestanes South Windfarm Extension - Environmental Impact Assessment, Harestanes South Windfarm Extension - Benefits of Proposed Development, Harestanes South Windfarm Extension - Contact Us, Hollandmey Renewable Energy Development Public Information Event, Hollandmey Renewable Energy Development - Introduction, Hollandmey Renewable Energy Development - Site overview, key facts and development process, Hollandmey Renewable Energy Development - Landscape and Visual Considerations, Hollandmey Renewable Energy Development - Environmental Impact Assessment, Hollandmey Renewable Energy Development - Benefits, Hollandmey Renewable Energy Development - FAQs, Non-material change application to East Anglia THREE, Corporate Governance & Regulatory Compliance Policies, Whitelee Windfarm’s ‘Nae Fireworks Nights’ cancelled due to COVID, ‘Green Hydrogen for Scotland’ to help reach net zero targets. In August 2017, the company joined the energy giant in Brazil after Neoenergia incorporated Elektro Holding. MADRID/LONDON (Reuters) - Spain's Iberdrola. span.twitter-user { Latest News and Media. At the forefront of digital transformation. © 2020 Scottish Power Ltd. All rights reserved. Record investments of €8.16 billion take Iberdrola's net profit to a record €3.4 billion in 2019 (+13%). Open in a new window, Link to the Iberdrola Youtube profile. Abre en ventana nueva, Enlace al perfil de LinkedIn de Iberdrola. East Anglia has cemented its position as a major centre for renewable energy with the completion of the East Anglia ONE offshore windfarm – an incredible achievement, particularly during the COVID-19 pandemic. Our strategy is focused on regulated network distribution, transmission and low carbon generation, including onshore and offshore wind. The deal comes amid some recent speculation in the market that Iberdrola's biggest investor, Spanish builder ACS ACS.MC, favored merging it with domestic rival Union Fenosa UNF.MC, in which ACS has accumulated a stake of over 40 percent. . The company has also positioned itself as leader in clean energies: Iberdrola is the top renewable energy producer in Europe and a global leader in terms of installed onshore wind power. Open in a new window, Link to the Iberdrola Facebook profile. ScottishPower es parte del Grupo Iberdrola, una compañía de energía global y líder mundial en energía eólica. Iberdrola was down 2.4 percent at 32 euros, while the DJ Stoxx European utilities index .SX6P was down 0.5 percent. El grupo energético español Iberdrola ha ejecutado una ampliación de capital de 1.360 millones de libras (1.523 millones de euros) en Scottish Power con el fin de reforzar la solve color: #6caddf;

Due to ongoing COVID-19 restrictions and social distancing guidance, Whitelee Windfarm’s ‘Nae Fireworks Nights’ will not be taking place this year. For the last decade, ScottishPower has been a key part of the Iberdrola Group, one of the world’s largest integrated utilities and world leader in wind energy. Iberdrola said it would fund the deal with credit worth up to 7.96 billion pounds backed by ABN AMRO.

“They’re paying the sector average, it’s slightly value creative and it’s a new platform of growth, especially in renewables.”. Information about the Development is now available online. Operamos en la generación, transmisión y distribución de electricidad, gestión de energía y suministro de gas y electricidad en el Reino Unido. ScottishPower Renewables develops, constructs and operates all UK offshore wind projects for the Iberdrola Group. Whitelee Windfarm’s ‘Nae Fireworks Nights’ cancelled due to COVID. It is also outstanding as the cleanest electricity company in the USA, with almost zero emissions. Iberdrola is being advised by ABN AMRO, while Morgan Stanley is acting for Scottish Power. With over 170 years of experience, Iberdrola is today one of the largest electric utilities in the world: the company produces and supplies electricity to around 100 million people in the countries in which it operates. Spain's Iberdrola is to buy Scottish Power for an agreed $22.5 billion in cash and shares to create Europe's third-biggest utility and a world leader in renewable energy. As a result of its unwavering commitment to the environment and to the decarbonisation of the economy, it has managed to reduce its emissions in Europe by 75% since 2000, reaching levels that are 70% below the average figures of the European companies in the sector. All 102 Siemens Gamesa offshore wind turbines are now fully operational. Iberdrola is a global energy leader, the number-one producer of wind power, and one of the world’s biggest electricity utilities by market capitalisation. 2009 : Lancement de la première usine de stockage de CO2 à Longannet. ScottishPower Renewables and Macquarie's Green Investment Group (GIG) have successfully installed every single turbine on the East Anglia ONE offshore windfarm - another major milestone for the project as it approaches completion. Iberdrola rachète Scottish Power puis Energy East. 12/10/2020. Iberdrola has undergone a major transformation over the last 15 years, staying clearly ahead of the energy transition in order to tackle the challenges posed by climate change and the need for clean electricity. Iberdrola is a global energy leader, the number one producer of wind power, and one of the world's biggest electricity utilities in terms of market capitalisation. and E.ON among Europe's biggest utilities. ScottishPower is part of the Iberdrola Group, a global energy company and a world leader in wind energy. A la vanguardia en transformación digital. People from across East Anglia have a chance to secure a job in the offshore wind industry thanks to ScottishPower Renewables which is launching a new apprentice recruitment drive for its East Anglia ONE offshore windfarm.

In a year where so much has changed, our heartfelt thanks to everyone who… https://t.co/QBKqXzoYj1. } Excavation works for the burying of the cable to connect the East Anglia ONE offshore wind farm with the British National Grid have exposed relics from the Bronze Age, the Iron Age, and the Roman, Anglo-Saxon and even Medieval eras.

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