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United Kingdom

Iberdrola SA (IBE.MC)

IBE.MC on Madrid SE C.A.T.S.

7.06EUR
18 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Iberdrola Completes Sale Of 90 Pct Stake In Puertollano Thermal Plant To Ence
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Iberdrola ::COMPLETES SALE OF 90 PERCENT STAKE IN PUERTOLLANO THERMAL PLANT TO ENCE FOR 181.3 MILLION EUROS.TRANSACTION NOT TO HAVE MEANINGFUL IMPACT ON CONSOLIDATED RESULTS OF IBERDROLA GROUP FOR 2018.TRANSACTION AMOUNT DOES NOT INCLUDE AN EARN-OUT OF UP TO 6.3 MILLION EUROS WHICH MAY BE ACCRUED.  Full Article

Iberdrola expects to cut net debt to 33 billion euros by end-2018
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Spain's Iberdrola : :SAYS EXPECTS TO CUT NET DEBT BY 1 BILLION EUROS ($1.1 BILLION) TO 33 BILLION EUROS BY END-2018 .  Full Article

Iberdrola 9-Month Ebitda Up 22.5 Pct Yoy
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Iberdrola SA ::9-MONTH EBITDA 6.72 BILLION EUROS, UP 22.5 PERCENT YOY.9-MONTH NET PROFIT 2.09 BILLION EUROS, DOWN 13.5 PERCENT YOY.CONFIRMS OUTLOOK FOR 2018.  Full Article

Iberdrola To Sell Its 90 Pct Stake In Puertollano Solar Thermal Plant To ENCE
Thursday, 18 Oct 2018 

Oct 19 (Reuters) - IBERDROLA ::SAID ON THURSDAY HAS AGREED TO SELL ITS 90 PERCENT STAKE IN IBERDROLA ENERGIA SOLAR DE PUERTOLLANO (IBERSOL) TO ENCE ENERGIA FOR 72.3 MILLION EUROS.HAS AGREED WITHIN TRANSACTION TO ASSIGN TO ENCE THE LOAN GRANTED BY IT TO IBERSOL IN THE AMOUNT OF 108.8 MILLION EUROS.ACCORDINGLY, TOTAL TRANSACTION CONSIDERATION IS OF 181.1 MILLION EUROS.AN EARN-OUT OF UP TO 6.3 MILLION EUROS HAS BEEN AGREED.TRANSACTION COMPLETION IS CONDITIONAL UPON WAIVER BY INSTITUTO PARA LA DIVERSIFICACION Y AHORRO DE LA ENERGIA (IDAE) HOLDER OF REMAINING 10 PERCENT STAKE IN IBERSOL, OF ITS RIGHT OF FIRST REFUSAL OVER SHARES BEING SOLD.  Full Article

Iberdrola Reaches Power Purchase Agreement With Euskaltel
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Iberdrola ::REACHES POWER PURCHASE AGREEMENT WITH EUSKALTEL.  Full Article

Ofgem Takes Compliance Action Against Retail Energy Suppliers
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - OFGEM::OFGEM TAKES COMPLIANCE ACTION OVER COMPLAINTS.4 COMPLIANCE CASES OPEN ON COMPLAINT HANDLING; OPENING CASES WITH FIRST UTILITY, OVO ENERGY, UTILITA, EXPANDING COMPLIANCE ENGAGEMENT WITH SCOTTISHPOWER.REQUIRES DOMESTIC SUPPLIERS SURVEYED- BRITISH GAS, NPOWER, UTILITY WAREHOUSE, SSE, EDF ENERGY, E.ON, CO-OPERATIVE ENERGY TO PROVIDE IMPROVEMENT PLANS.  Full Article

Drax confirms in talks to buy power assets from Iberdrola
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Drax Group PLC ::POSSIBLE ACQUISITION.CONFIRMS THAT IT IS IN DISCUSSIONS WITH IBERDROLA.DISCUSSIONS ARE PRELIMINARY IN NATURE.THERE CAN BE NO CERTAINTY OF ANY AGREEMENT OR TIMING OR TERMS OF ANY SUCH AGREEMENT.ANY POTENTIAL ACQUISITION WOULD BE FULLY DEBT FUNDED AND SUBJECT TO SHAREHOLDER APPROVAL.  Full Article

UK's Ofgem Says Price Cap To Save Consumers About 1 Bln Stg
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - UK's Ofgem::OFGEM PROPOSES PRICE CAP GIVING MILLIONS FAIR DEAL.SAYS 11 MILLION HOUSEHOLDS ON POOR VALUE DEFAULT DEALS SET TO SAVE AROUND £75 ON AVERAGE AS PER PROPOSED CHANGE.SAYS TYPICAL CONSUMER ON MOST EXPENSIVE TARIFFS WOULD SAVE OVER £120.SAYS PRICE CAP IS DESIGNED TO BE A TEMPORARY MEASURE, IN PLACE UNTIL 2023 AT LATEST.SAYS WORKING TO HAVE CAP IN PLACE BY END OF YEAR.SAYS IN TOTAL, PRICE CAP WOULD SAVE CONSUMERS AROUND £1 BILLION.SAYS WHEN PRICE CAP IS INTRODUCED, SUPPLIERS WILL HAVE TO CUT THEIR PRICES TO LEVEL OF OR BELOW CAP, PROPOSED TO BE £1136 PER YEAR.SAYS OFGEM WILL UPDATE LEVEL OF CAP IN APRIL AND OCTOBER EVERY YEAR.SAYS PRICE CAP IS DESIGNED TO BE A TEMPORARY MEASURE, IN PLACE UNTIL 2023 AT LATEST."ONCE PRICE CAP IS IN PLACE, ALL HOUSEHOLDS IN GREAT BRITAIN COVERED BY CAP WILL BE PROTECTED FROM BEING OVERCHARGED FOR THEIR ENERGY".  Full Article

Iberdrola H1 EBITDA Up 17 Pct YoY
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Iberdrola SA ::H1 REPORTED NET PROFIT 1.41 BILLION EUROS, DOWN 7.1 PERCENT YOY.H1 REVENUE 17.59 BILLION EUROS, UP 17.5 PERCENT YOY.H1 EBITDA 4.44 BILLION EUROS, UP 17.1 PERCENT YOY.CONFIRMS OUTLOOK FOR 2018.  Full Article

Iberdrola Obtains Loan Of 650 Mln Euros To Finance Hydroelectric Assets In Portugal
Monday, 23 Jul 2018 

July 23 (Reuters) - Iberdrola SA ::OBTAINS LOAN OF 650 MILLION EUROS FROM EUROPEAN INVESTMENT BANK TO FINANCE HYDROELECTRIC ASSETS IN PORTUGAL.  Full Article

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Germany's RWE has $1.7 billion a year for renewable expansion

FRANKFURT RWE , which will become Europe's No.3 renewable player as part of a deal to break up subsidiary Innogy with E.ON , has about 1.5 billion euros ($1.7 billion) per year to expand solar and wind capacity, it said on Thursday.