Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Iberdrola    IBE   ES0144580Y14

IBERDROLA

(IBE)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Iberdrola : assigns a new contract to Ingeteam and moves forward with its plan to invest in renewables across Spain

share with twitter share with LinkedIn share with facebook
05/27/2020 | 03:53am EDT

Iberdrola is making progress in its plan to invest in renewables in Spain, working hand in hand with local suppliers. This morning, Iberdrola announced that it has allocated another contract worth €18.6 million to Ingeteam.

The Basque company will provide the investors for the Francisco Pizarro plant that Iberdrola is set to develop in Extremadura. With the Núnez de Balboa plant already up and running, this new facility will become the largest photovoltaic project in Europe, producing 590 MW of power thanks to an investment of over €300 million.

This new contract adds to a string of others signed with Ingeteam over the past few months. Its task is to provide the investor solution needed to construct a total of 800 MW in Spain and Mexico, including six projects that Iberdrola will be building in Andalusia and Aragón and developing in Extremadura. This means providing the components required to turn the direct current obtained from solar panels into alternate current and subsequently raise it from low to medium voltage for consumption.

Iberdrola has been operating wind farms in the Basque Country for years now, as well as taking part in the Ekian photovoltaic project and engaging in a joint venture with the EVE (Basque Energy Organisation) to foster the region's renewables with investments and projects.

The company is confident that electrification will drive change in the post-COVID scenario, and is willing to speed up its investments backed by a stable legal framework to help boost economic activity, local industry and employment. Iberdrola plans to make investments worth €10 billion worldwide this year. This volume of resources will harness projects, industrial activity throughout the value chain and innovation in areas such as renewable energy, smart grids and large-scale storage systems.

Disclaimer

Iberdrola SA published this content on 26 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2020 07:52:06 UTC

share with twitter share with LinkedIn share with facebook
Latest news on IBERDROLA
07/10IBERDROLA : Ignacio Galán takes part in the IEA's major world summit to map out ..
PU
07/10IBERDROLA SA : Buy rating from Barclays
MD
07/09UK regulator proposes network overhaul for green energy drive
RE
07/08SEAT urges Spain to 'wake up' and promote electric cars
RE
07/08Women in senior management stagnant in corporate Spain at only 16%
RE
07/08IBERDROLA : receives €800 million in financing from EIB and ICO to boost the gre..
PU
07/08IBERDROLA : Ex-dividend day for Cash amount paid with the scrip issue offered as..
FA
07/07IBERDROLA SA : Goldman Sachs remains its Buy rating
MD
07/06IBERDROLA : S.A. - Galan, 'Ibero-America has everything it needs, natural hydroe..
AQ
07/03IBERDROLA : Clean technology projects line up bids for $1 billion EU support
RE
More news
Financials
Sales 2020 37 852 M 42 867 M 42 867 M
Net income 2020 3 719 M 4 211 M 4 211 M
Net Debt 2020 39 961 M 45 255 M 45 255 M
P/E ratio 2020 18,2x
Yield 2020 3,93%
Capitalization 68 985 M 78 047 M 78 125 M
EV / Sales 2019
EV / Sales 2020 2,88x
Nbr of Employees 35 107
Free-Float 97,1%
Chart IBERDROLA
Duration : Period :
Iberdrola Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IBERDROLA
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 10,14 €
Last Close Price 10,73 €
Spread / Highest target 14,0%
Spread / Average Target -5,50%
Spread / Lowest Target -34,8%
EPS Revisions
Managers
NameTitle
José Ignacio Sánchez Galán Chairman, President & Chief Executive Officer
José Sáinz Armada Chief Financial & Resources Officer
Fernando Lucero Batalla Head-Information Technology & Finance
Íñigo Víctor de Oriol Ibarra External Director
Samantha Catherine Barber Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
IBERDROLA16.88%78 047
NEXTERA ENERGY7.20%127 061
ENEL S.P.A.13.55%92 348
DOMINION ENERGY, INC.-11.16%61 752
DUKE ENERGY CORPORATION-10.84%59 758
SOUTHERN COMPANY-18.46%56 209