Cox, a Spanish company, plans to invest $6.4 billion in Mexico through 2028.
Cox, a Spanish energy company, announced on Thursday that it will invest 5.5 billion euro ($6.4 billion) through 2028 in renewable energy and water. Almost half of the investment will be in Mexico. Moreno stated on Thursday that up to 80% will be funded by debt, and the remainder with equity.
Cinco Dias reports that Iberdrola is looking to sell 49 percent of the East Anglia Two offshore wind farm.
Cinco Dias, a newspaper in Spain, reported that Iberdrola, the Spanish utility, is looking to sell 49 percent of its East Anglia Two offshore wind farm, estimated at 5 billion euros. Reports said that the company hired Bank of America and BBVA to act as financial advisors in connection with the possible sale.
Iberdrola, Europe's largest utility, to invest $120 billion in grids by 2031
Iberdrola, a Spanish utility company, plans to invest more than 100 billion euro ($117 billion) through 2031. This is part of its move towards a more regulated power grid business in countries like Britain and the United States. The largest utility…
Mitsubishi abandons offshore wind farms in Japan
A senior official in the industry ministry said that Japan wants to re-auction as many offshore wind sites as possible as soon as they can, subject to local community consent. The trading house Mitsubishi Corp announced on Wednesday that it would no…
Mitsubishi is considering abandoning offshore wind energy projects in Japan
Mitsubishi Corp announced on Wednesday that it is considering withdrawing from 3 Japanese offshore wind projects. Three wind farms are owned by Mitsubishi-led consortiums in Japan's Chiba Prefecture and Akita Prefecture. The trading house announced…
Cox, a Spanish company, prepares a multi-billion dollar investment plan focusing on Mexico
Nacho Moreno, CEO of Spanish energy company Cox, said that the new strategic plan will be focused on Mexico where Cox plans to invest more than $10 billion by 2030 in renewable energy and water. Moreno stated that this figure includes Cox's acquisition of Iberdrola assets in the country for $4.2 billion…
Nippon Steel to Supply Material for Vestas Wind Towers
Nippon Steel signed a cooperation memorandum with Denmark's wind turbine maker Vestas Wind Systems on Wednesday to supply steel for Vestas' wind towers for European, Asian and Japanese markets, Japan's industry ministry said.The agreement was part of a broader push by Japan's Ministry of Economy…
Spain's Cox is considering buying Iberdrola Mexico's assets, CEO of Cox says
Nacho Moreno, the chief executive of Spanish water and renewable power company Cox, said on Wednesday that it is looking at buying Iberdrola assets in Mexico as part its strategy to grow through acquisitions. It's true, that business is amazing. It's…
Trump cuts subsidies for US clean energy, bringing an end to the boom.
Bila Solar, a Singapore-based manufacturer of solar panels, has suspended plans to double the capacity of its new Indianapolis factory. Heliene, a Canadian competitor, is reviewing its plans to build a solar-cell facility in Minnesota. NorSun, a Norwegian manufacturer of solar wafers…
Iberdrola raises $5.9 billion to fund grid investment
Iberdrola, Europe's biggest utility, announced a capital increase of 5 billion euros ($5.87 billion), to fund power grid investments in Britain and the United States. The company intends to increase its annual investment to 15 billion euros. This is an increase from the current level of 12 billion euros.
Masdar and Iberdrola, both from the UAE, invest in a 1.4 gigawatt UK wind farm
Masdar, Abu Dhabi's renewable energy company owned by the government and Iberdola of Spain will invest together in a 1.4 Gigawatt (GW), wind farm in United Kingdom. This was announced in a Thursday statement from Masdar's parent firm TAQA. According to the statement…
Iberdrola's unions have called for more than 9,000 employees in Spain to go on strike
Iberdrola's unions have called for 9,000 workers to strike in Spain on Friday in order to demand higher wages and shorter working hours. They claim that this would be the first time in more than 100 years of the company to see such a stoppage. A representative…
Sources say that Kretinsky EPH and Itochu are expected to bid for Energia.
According to two sources familiar with the situation, Daniel Kretinsky's Czech energy group EPH as well as Japanese trading house Itochu will likely make a preliminary bid for Irish utility Energia Group. The people also said that investors Ardian and Asterion, as well as CPP Investments are expected to bid.
Japan is poised to amend offshore wind regulations as players get coldfeet
Insiders in the industry say that Japan will likely sweeten its terms to developers who want to build an offshore wind farm. The country is looking to re-establish its energy ambitions against a global slump of projects that have been hit by rising costs and delays.
Japan is poised to amend offshore wind regulations as players get coldfeet
Insiders in the industry say that Japan will likely sweeten its terms to developers who want to build an offshore wind farm. The country is looking to re-establish its energy ambitions against a global slump of projects that have been hit by rising costs and delays.
Financial Times - May 8
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. CEO of Pandora says that the company will shift its supply chain to reduce tariffs. The National Wealth Fund of Britain will lend £600 million ($800…
Iberdrola's first quarter net profit beats expectations
Iberdrola, Europe's biggest utility, posted a net profit for the first quarter of 2 billion euro ($2.27 billion), exceeding market expectations. The company's net profit was lower than last year when it reported 2.76 billion euros, which was the amount expected by LSEG analysts.
UAE renewables firm Masdar weighs possible IPO, sources say
Three people familiar with the situation have confirmed that Masdar, Abu Dhabi's state owned renewables company, is considering a public offering. Two sources said that the company was considering a dual listing, one in New York and another in Abu Dhabi, to raise funds for renewable projects.
Iberdrola is looking for a partner to help it develop a 1 GW renewable energy portfolio, according to sources
According to two sources familiar with the situation, Spanish energy company Iberdrola seeks a partner who is willing to purchase a minority interest in a renewables portfolio of about 1 gigawatt. Sources described the project under the name "Romeo…
Iberdrola raises its 2025 forecast after exceeding expectations
Iberdrola, Europe's biggest utility, expects to grow its net profit by a single digit percentage this year. This is after the increased earnings of its network business helped push 2024 profits above analyst expectations. Iberdrola's performance is better than what it had predicted in its strategy for 2026.