Iberdrola SA (IBDRY) reports a 22% increase in net profit and significant investments in key markets, despite currency challenges.

Under the agreement, Iberdrola will acquire 80% of Caruna's equity for $2.3bn (€2.01bn), with AMF and Elo retaining the 20% stake.

The deal to acquire 80% of the share capital of Caruna Group should be completed by the end of the year or early in 2027, the Spanish utility company said.

BP and Iberdrola have received government approval to expand green hydrogen production at BP’s Castellón refinery in Spain. The enlarged facility is planned to become Spain’s largest operational green hydrogen project by 2026. The project aims to support decarbonization of industrial processes and reinforce regional progress on European emissions goals. LSE:BP. is trading around £4.694, with the stock up 7.2% year to date and 33.6% over the past year, alongside a decline of 10.0% over the...

The Fénix facility will supply electricity to more than 140,000 homes annually and support Italy’s clean energy transition.

More than 100 major companies are urging governments to accelerate electrification policies, arguing that reducing dependence on volatile fuel markets will improve energy security and economic stability.

'Through its subsidiary Neoenergia Coelba, the company will build 54 new substations, more than 2,000 kilometers of high-voltage transmission lines and 42,000 kilometers of medium-voltage distribution networks'.

Investing.com -- Heat pumps could become an overlooked driver of electricity demand growth in Europe as governments push ahead with electrification and energy security initiatives, according to a recent note from Bernstein.

How Iberdrola stock has been behaving Iberdrola (BME:IBE) has drawn investor attention after recent trading that leaves the stock around €19.56, with performance over the past month slightly down but up over the past 3 months and year. See our latest analysis for Iberdrola. Recent trading leaves Iberdrola’s share price return slightly down over the past month but positive year to date, while longer term total shareholder returns over 1, 3 and 5 years have been much stronger. This suggests...

Expected to start commercial operation 2028, the 140-MWdc Bluebird in Klickitat County, Washington is the fourth Avangrid project to have the Redmond, Washington-based tech giant as a customer.