The company aims to drive the electrification of the economy, with a strong focus on expanding electricity grids and renewable energy capacity. 

This green bond issue, the company believes, provides crucial funding to accelerate these initiatives and maintain Iberdrola’s position as a leader in the energy transition.

Iberdrola’s renewable energy prowess in the UK

Iberdrola is the Uk’s second-largest electricity network operator.

The main source of Iberdrola’s strength when it comes to renewables in the UK comes through its subsidiary, ScottishPower.

ScottishPower is the UK’s first 100% renewable energy company. Its focus on wind power, smart grids and the transition to a cleaner, electric future helps establish this dominance. The first integrated energy company in the UK to produce 100% green electricity, it boasts more than 3,000MW of installed capacity in the form of offshore and onshore wind.

Iberdrola’s largest wind farm to date — and one of the largest of its kind in the world — is East Anglia ONE, an offshore wind farm in the North Sea.