The funding is expected to support sectors like tech, life sciences, renewables, housing and infrastructure

Energy giant Iberdrola is reportedly in pole position to acquire control of the major power network operator

Iberdrola and Masdar have concluded their €1.6 billion partnership to develop the Baltic Eagle offshore wind farm, with Iberdrola holding a 51% majority share

ScottishPower’s forced prepayment meter installations have faced criticism from charities, particularly in light of its parent company Iberdrola reporting €3.4 billion in profits

Iberdrola’s net profit has soared, driven by an €11 billion investment, with an upgraded full-year outlook and a focus on network and renewable capacity expansion

The energy giant has successfully installed the wind turbine at the Vineyard Wind 1 offshore wind farm, which, upon completion, will provide clean energy to more than 400,000 homes and businesses in Massachusetts

Iberdrola’s US subsidiary, Avangrid, has kicked off the construction of a photovoltaic plant in Texas, generating 240MW of clean energy for Facebook’s data centre

Iberdrola’s new business, Carbon2Nature, aims to capture over 61 million tonnes of carbon dioxide through nature-based projects

The wind farms will generate enough electricity to power around 50,000 homes every year and are expected to come into operation in the second half of 2023

East Anglia Three will be the second largest offshore wind farm in the world and supply enough energy for 1.3m homes