Iberdrola, a Spanish electric utility company, has signed an agreement to acquire 88% of UK network operator Electricity North West (ENW) for an equity value of £2.1 billion.
Spanish energy giant Iberdrola has secured a €500 million loan with Citi and guaranteed by the Norwegian Export Credit Agency Eksfin for the construction and development of the East Anglia III offshore wind farm.
bp has recorded £7.1 billion ($8.2 billion) in Q3 profit as the oil and gas giant (O&G)benefits from elevated energy prices amid the ongoing European crisis.
Iberdrola has reported continued growth of its net profit to €3.61 billion in a year that saw over 90% of its investments injected into renewables and networks.