ScottishPower, through its parent company Iberdrola, has secured £600 million in financing from the National Wealth Fund to support the development of the Eastern Green Link 4 project, a strategic electricity interconnector that will strengthen the UK's energy security and self-sufficiency, while helping to meet its

Avangrid, the US arm of Spanish utility Iberdrola, has reached over 11 gigawatts of installed generation capacity across nearly 100 projects in 25 states. The company said its expanding portfolio helps meet surging energy demand driven by data centres powering AI development, new manufacturing and electrification initiatives. Avangrid produced 25,058 gigawatt hours of electricity in 2025, making the US Iberdrola's second-largest market by net production after Spain. The generation comprised primarily onshore wind, cogeneration and solar. Avangrid's projects paid $61 million in local tax revenue in 2025. The US accounted for $15.6 billion of Iberdrola's total asset base at yearend 2025. Iberdrola reported €6.29 billion in net profit for 2025, up 12 per cent year-on-year.

Iberdrola has officially registered documentation for a public takeover offer for all shares of its Brazilian subsidiary Neoenergia not currently controlled by the group. The acquisition price is set at 32.5 Brazilian reals per share, adjusted for official interest and dividends declared by Neoenergia. The documentation has been submitted to Brazil's securities regulator Comissão de Valores Mobiliários and stock exchange B3. The offer, announced on 24 November 2025, covers 16.2% of Neoenergia's share capital, which would give Iberdrola 100% ownership. Neoenergia, with 90% of its business focused on electricity networks, serves nearly 40 million Brazilians through five distribution companies across six states and 18 transmission lines, making it Brazil's largest distribution group by customer count.