Iberdrola

History

Pre-WWII

Iberdrola was created on November 1, 1992, from the merger between Hidroeléctrica Española and Iberduero. Hidroeléctrica Española, also known as Hidrola, had started in 1907, while Iberduero arose from the merger between Hidroeléctrica Ibérica and Saltos del Duero in 1944.

The origin of Iberdrola lies in the Spanish industrialisation in the early 20th century. In 1840, American entrepreneurs founded the Hartford City Light Company, which lead to the incorporation of Energy East on the eastern seaboard of the US, which would much later become Iberdrola USA. Meanwhile, in Bilbao in 1901, Hidroeléctrica Ibérica was established by the engineer Juan de Urrutia. In 1907, Hidroeléctrica Ibérica shareholders created Hidroeléctrica Española to supply Madrid and Valencia. A decade later, Saltos del Duero was founded, opening the country's first hydroelectric facility in 1935, the Ricobayo power plant.

World War I forced the industry to seek new sources of energy and to install large distribution networks. Amid huge instability, US power companies underwent consolidation to decrease their financial uncertainty. The stock market crash of 1929 and the accompanying Great Depression brought many of these companies to the verge of ruin. In Spain, which had experienced a period of economic growth at the start of the 20th century, the industry suffered a severe setback in 1936 whose impact would be felt for the following two decades: the Spanish Civil War abruptly halted development, destroyed facilities and made maintaining the remaining equipment extremely difficult. In the 1940s, Spain experienced extreme difficulty in acquiring technology and materials due to international isolation and soaring prices. The company benefited from the legal and social framework of the francoist dictatorship for its growth in economic and social relevance. Notably, the president between 1935 and 1985 of one of the former mergers, Hidroeléctrica Española, José María de Oriol y Urquijo, was a relevant Spanish nationalist who allegedly declared to have been part in the investigation and prosecution of more than 80.000 people in the Basque Country.

Post-WWII

In 1944 Hidroeléctrica Ibérica and Saltos del Duero merged to form Iberduero.

In 1955, the South of Scotland Electricity Board (SSEB) came into being, paving the way for the creation of ScottishPower four decades later, in 1990. Two years after that, Hidroeléctrica Española and Iberduero merged to form Iberdrola. In the latter part of the 20th century, Iberdrola began expanding into Latin America, mainly Mexico and Brazil.

With ScottishPower and Iberdrola formed in Europe, in 1998 Energy East Corporation came into being in the US following New York State Electric & Gas's acquisition of Central Maine Power, Southern Connecticut Gas Company, Connecticut Natural Gas Company, Berkshire Gas Company and RGS Energy Group (the parent of Rochester Gas & Electric). Following the arrival of Jose Ignacio Sanchez Galan in 2001 Iberdrola began focusing on renewable energy. In 2007, the company continued its international expansion, increasing its presence in the UK and the US via the integration of ScottishPower and Energy East. As a culmination of his commitment to renewable energy, Jose Ignacio Sanchez Galan has received the ESG Leadership Award from The Foreign Policy Association in New York, which recognizes leaders most committed to ESG principles.

By 2011, Iberdrola had moved into the Brazilian market with the acquisition of Elektro.

In 2015, the company made another significant move in the U.S. by acquiring United Illuminating (UIL), a publicly traded company, for 2,647 million euros. That same year, following the integration of Iberdrola USA and UIL Holdings Corporation, Avangrid was established and began trading on the New York Stock Exchange.

In 2020 multiple acquisitions by Iberdrola were made. The company acquired Infigen Energy in Australia and subsequently renamed it Iberdrola Australia. In France, the company acquired Aalto Power, a renewable energy company with a focus on wind energy projects. In the U.S., Iberdrola made a move to purchase PNM Resources, an electricity provider for Texas and New Mexico, with the acquisition process subject to approval from the New Mexico Regulatory Commission. Additional 2020 acquisitions included CEB-D distributor in Brazil and Acacias Renewables in Japan.

Acquisitions

In 2006, Iberdrola acquired ScottishPower, leading to the integration of this company in April 2007. This gave rise to Europe's third-largest utility.

In 2008, Iberdrola continued its expansion with the acquisition of the US-based company Energy East, further solidifying its global presence.

In 2010 Iberdrola sold their ownership of GESA, majority share owner of EEGSA (Empresa Electrica de Guatemala) to Grupo EPM.

In 2011, the company expanded its operations into Brazil by acquiring the company Elektro, a strategic move to tap into the Brazilian market.

In 2015, Iberdrola acquired the US company United Illuminating for a total of 3 billion euros. This acquisition bolstered Iberdrola's presence in the American market. Also in 2015, Iberdrola established Avangrid through the integration of Iberdrola USA and UIL Holdings Corporation. This move led to the commencement of trading on the New York Stock Exchange, strengthening Iberdrola's position in the United States.

In 2020, Iberdrola acquired the Australian company Infigen Energy. Subsequently, the company was renamed Iberdrola Australia the following year.

In 2020, Iberdrola expanded its renewable energy portfolio with the acquisition of Aalto Power, a French company specialising in renewable energy, and Ailes Marines. Aalto Power was involved in wind energy projects, both in operation and in development.

Also in 2020, Iberdrola made an important move in the United States by purchasing PNM Resources, an electricity company serving Texas and New Mexico. This acquisition's completion is subject to approval from the New Mexico Regulatory Commission. That year, Iberdrola furthered its presence in Brazil by acquiring the CEB-D distributor, enhancing its footprint in the Brazilian energy market. Additionally, Iberdrola expanded its global reach by acquiring Acacias Renewables, a company operating in the renewable energy sector in Japan.

Chairmen

Hidrola

José Luis de Oriol y Urigüen (1910–1911) (1936–1941)

José María de Oriol y Urquijo (1941–1960)

Íñigo de Oriol e Ybarra (1960–1992)

Iberduero

Pedro de Careaga y Baseabe, 2nd Count of Cadagua (?–1977)

Pedro de Areitio (1977–1981)

Manuel Gómez de Pablos (?–1992)

Iberdrola

Iñigo de Oriol e Ybarra (1992–2005)

Jose Ignacio Sanchez Galan (2005 to present)

Lines of business

Renewable energy

In 2023, the company has 41,250 MW of operational renewables and 7,100 MW under construction.

The Renewables area of the Iberdrola group is responsible for the generation and sale of electrical energy from renewable sources: wind (onshore and offshore), solar, hydroelectric, green hydrogen, etc.

At the end of 2022, Iberdrola Group had 60,761 MW of total installed capacity, of which 40,066 MW is renewable. In 2023, the company reached a capacity of 62,045 MW and 41,246 MW respectively, increasing the renewables by 6.5% worldwide.

One of the group's main vectors is offshore wind. It has facilities in UK, Germany, USA, France and develops offshore wind activities in Poland, Sweden, Ireland, the United States, Brazil, the Philippines and Japan, expanding its offshore wind portfolio to 30 GW.

Japan: Following the acquisition of Acacia Renewables (now Iberdrola Renewables Japan), the company has partnered with Macquarie's GIG for a 3.3 GW offshore wind project in southwest Japan. Additionally, the Seihoku-oki offshore wind project of 600 MW is in development with Cosmo Eco Power and Hitz engineering.

Taiwan: Iberdrola Taiwan is progressing two offshore wind projects, Da Chung Bu (1,200 MW) and Guo Feng (350 MW), aiming for the 2023 selection in Taiwan's Zonal Development Round 3.2.

Ireland: Iberdrola is working on the Inis Ealga and Clarus wind farms in County Cork and County Clare, respectively, using floating offshore wind technology. The Shellalere project, off the east coast, will use fixed foundations. Combined, these projects will power about 2.6 million homes.

Philippines: An agreement with Triconti ECC Renewables grants Iberdrola the option on five offshore wind projects with a potential total capacity of 3.5 GW.

Brazil: Through Neoenergia, Iberdrola is partnering with Rio Grande do Sul's government on offshore wind endeavours. Key projects include the Águas Claras park and the Jangada Maritime Wind Complex, each with capacities in the gigawatt range.

Hydroelectric energy

With a global installed capacity exceeding 14,000 MW, the company supports this form of power generation. It has facilities in the US, Brazil, Spain.

Tâmega hydroelectric complex project involves the construction of three power plants: Gouvães, Daivões, and Alto Tâmega with installed capacity totalling 1,158 MW.

Iberdrola España has a presence in eight hydroelectric plants and three mini-hydroelectric plants in the basin of the Douro River, the largest hydrographic basin in the peninsula, as it passes through Castile and León. More than 2,069 MW of installed capacity with the capacity to offer sustainable energy to almost one and a half million families, with the Aldeadávila dam and the Saucelle dam being the most important producers.

Iberdrola manages multiple hydroelectric facilities in Brazil, such as the Sobradinho Dam in Bahia with a 1,050 MW capacity and the Baixo Iguaçu Hydroelectric Plant on the Iguaçu River, spanning the states of Paraná and Santa Catarina. Additionally, the company oversees the 180 MW Salto Caxias Hydroelectric Plant in Santa Catarina, the 192 MW Garibaldi Hydroelectric Plant, and the Machadinho Hydroelectric Plant, which harnesses the Pelotas River's power between Santa Catarina and Rio Grande do Sul to produce 1,140 MW.

In the US, Avangrid Hydroenergy, a subsidiary of Avangrid, Inc., operates several hydroelectric facilities across the country, with the capacity to generate a significant amount of clean, renewable energy. For instance, in Maine, Avangrid Hydroenergy operates the Forest City Hydroelectric Facility, which has a capacity of 23.5 MW, providing power to approximately 15,000 households annually. In New Hampshire, the company operates the Bear Swamp Hydroelectric Facility, capable of generating 600 MW of electricity, enough to power around 250,000 homes. Additionally, in Connecticut, Avangrid Hydroenergy operates the Shepaug Hydroelectric Facility, which has a capacity of 10 MW, supplying power to thousands of households.

Tâmega Hydroelectric Complex (Portugal) is a project in the north of Portugal, which includes three new dams and hydroelectric plants: Gouvães, Daivões, and Alto Tâmega.

Smart grids

The company operates one of the world's largest distribution systems, with 1.2 million kilometres of distribution and transmission lines worldwide. The Networks area of the Iberdrola Group is in charge of the construction, operation and maintenance of smart grids, power lines, substations, transformation centres and other infrastructures to transfer electricity from the production centres to the end user.

Iberdrola is involved in the construction of an undersea power transmission highway between Scotland and north-east England.

The electric power line connecting the states of Minas Gerais and São Paulo, with a length of more than 1,700 kilometres, is Iberdrola's largest grid project worldwide.

As of 2023, Iberdrola operates one of the largest electricity distribution systems in the world: 1.2 million kilometres of power lines, 4,500 substations and 1.6 million transformers, which distribute electricity to 34.40 million points around the world.

Iberdrola has also created the Global Smart Grids Innovation Hub (GSGIH), a global centre for innovation in smart grids. This technology hub is sponsored by Iberdrola and the Provincial Council of Bizkaia. It is involved in research and development in new materials and technologies to reduce the environmental impact of electrical installations, equipment to facilitate the integration of renewable energies and boost the deployment of electric vehicles, power electronics and energy storage systems, digitalisation of the distribution grid supported by the telecommunications systems, energy savings and efficiency based on demand management and reduction of losses from the grid.

In 2024, Iberdrola acquired the British electricity distributor Electricity North West (ENW) for EUR 5,000 million, becoming the second largest electricity network operator in the United Kingdom. As a result of this purchase, Iberdrola's regulated assets in networks in the country reach EUR 14 billion.

Main subsidiaries

Iberdrola España, S.A.U.

Iberdrola España, S.A.U. is Iberdrola group's subholding company in Spain, which operates through its subsidiaries: Iberdrola Energía Sostenible España, S.A.U., i-DE Redes Eléctricas Inteligentes, S.A.U. and Iberdrola Energía España, S.A.U. Iberdrola España, S.A.U. was founded in 1989 and is headquartered in Bilbao, Spain. The subsidiary operates in Spain and carries out the deregulated activities of electricity generation electric power, and natural gas retailing.

ScottishPower

ScottishPower was formed in 1990, in preparation for the privatisation of the previously state-owned Scottish electricity industry the following year. The company is the distribution network operator for Central and Southern Scotland, Merseyside, North Wales, and parts of Cheshire and Shropshire. It is also the transmission owner for the south of Scotland. The UK's 4th largest energy provider, ScottishPower has 3.6 million supply points across the country with 15,377 GWh of distributed energy in the first half of 2023. It operates in the United Kingdom with Scottish Power Retail Holdings Ltd. (SPRH), Scottish Power Energy Networks Holdings Ltd (SPENHL) and ScottishPower Renewable Energy Ltd (SPREL) subsidiaries.

It focuses on wind energy and smart grids, and has a distribution network covering 65,000 km of underground cables and 47,000 km of overhead lines. ScottishPower is involved in smart grid projects in Glasgow and Liverpool, and provides charging points as a member of the Glasgow consortium which is developing an electric vehicles project. The installed capacity in the United Kingdom has reached 6,342 MW and production has been 19,936 GWh in 2013.

Avangrid

Avangrid (Iberdrola USA), which became part of the group in September 2008. In 2015 Iberdrola USA merged with UIL Holdings (parent of Connecticut's United Illuminating and other companies) to become Iberdrola-controlled Avangrid. It distributes electricity and gas to 3.3 million electricity customers and 930,000 natural gas customers. It is headquartered in Orange, Connecticut (CT), operates in 25 states and has two lines of business: Avangrid Networks and Avangrid Renewables.

Avangrid Networks manages eight electricity, natural gas and combination utilities Avangrid Renewables owns and operates renewable energy generation facilities across the United States.

Avangrid promotes important infrastructure projects in both Maine and New York. In Maine, CMP began construction in September 2010 of the Maine Power Reliability Program (MPRP), a $1.4 billion upgrade of the state's transmission network which will also improve grid connections to Canada. It also began the roll-out of a smart meter installation plan for 625,000 customers in Maine. In New York, important infrastructure projects have been undertaken at Ithaca and Corning Valley. In 2024, Iberdrola reaches an agreement to purchase the remaining 18.4% of its US subsidiary, it did not control in Avangrid for USD 2,551 million.

Neoenergia, S.A.

Neoenergia is the Iberdrola Group's subholding company operating in Brazil, founded in 1997. Its shares are listed in the Brazilian stock exchange, and it comprises interests in the companies of distribution, generation, renewable energy, transmission, and electricity retail businesses operating in Brazil.

Neoenergia is present in 18 states and manages 13.9 million supply points in a concession area of around 840,000 km2.

Iberdrola Mexico, SA de CV

Iberdrola México, S.A. de C.V. is a subholding company of Iberdrola in Mexico, founded in 2000. Iberdrola México operates through two head of business companies: Iberdrola Generación México, S.A. de C.V. and Iberdrola Renovables México, S.A. de C.V. Iberdrola México is responsible for defining and implementing the Group's strategy in Mexico. The companies provides electricity and gas services to residential, commercial, and industrial customers across the country. Iberdrola Mexico operates in several states, including Mexico City, State of Mexico, Guadalajara, and Monterrey.

Iberdrola Energía Internacional, S.A.U.

Iberdrola Energía Internacional, S.A.U. is a subholding company that operates outside Spain, United Kingdom, United States of America, Brazil and Mexico. Its area of operation includes the generation, transmission, and distribution of electricity, as well as the provision of energy services.

Assets in Spain

Iberdrola's total installed capacity in Spain is 29,816 MW as of 2023, of which 20,598 MW are from renewables, 3,186 MW from nuclear, 5,695 MW CCGT and 347 MW cogeneration.

Renewables

Iberdrola has around 190 onshore wind facilities with a 6,446 MW of installed capacity in more than 30 locations across Spain.

The company's major onshore wind energy project in Spain is El Escudo wind farm, 105 MW onshore wind farm able to supply clean energy to 95,350 homes.

Iberdrola also owns hydroelectric plants with a total installed capacity of 10,700 MW, especially in the Duero river basin (provided by Iberduero) and the Tajo and Segura river basins. (provided by Hidroeléctrica Española). The company has 86 facilities in 16 locations across Spain.

In 2013 construction was finished on the 848 MW La Muela plant (at Cortes de Pallás, Valencia) – one of Europe's largest pumped-storage hydropower plants that generates 5,000 GWh (18,000 TJ) annually; as well as Santo Estevo hydroelectric complex (175 MW) on the river Sil, and the San Pedro II project.

The company's major hydroelectric projects in Spain include:

Tâmega hydroelectric complex – three new power plants: Gouvães, Daivões and Alto Tâmega on the Tâmega river, with a total installed capacity of 1158 MW.

Cortes-La Muela hydroelectric power plant in the province of Valencia, Valencia region, with an installed capacity of 1720 MW.

Aldeadávila hydroelectric power station, in the province of Salamanca Castilla y León, with 1275 MW of installed capacity.

José María Oriol-Alcántara II hydroelectric power station, in the province of Cáceres, Extremadura, with 915 MW of installed capacity.

Villarino hydroelectric power station, in the province of Salamanca, Castilla y León, with 810 MW of installed capacity.

Solar

Iberdrola's solar energy production in Spain includes 37 facilities in 15 locations with a total installed capacity of 3,186 MW.

The company's major solar energy projects include:

Cedillo photovoltaic project – 250,000 solar panels producing 156,000 MWh of electricity per year.

Núñez de Balboa – one of the biggest photovoltaic plants in Europe with an installed capacity of 500 MW.

Francisco Pizarro – the largest solar power plant in Europe, with a capacity of 590 MW.

Wind-solar

In 2023, the company built the first hybrid wind and solar complex in Spain, in the province of Burgos. It constructed two photovoltaic (PV) plants of 41MW and 33MW respectively, which will have more than 170,000 modules.

Green Hydrogen

The company's major green hydrogen projects include:

Puertollano – largest plant producing green hydrogen for industrial use in Europe with a production capacity of more than 200,000 t/year.

Combined cycle plants

C. T. de Castejón 2, in Castejón (Navarre), with 386 MW.

C. T. de Castellón, in Castellón, with two units with a combined 1,650 MW.

C. T. de Santurce, in Santurce (Vizcaya), with 402 MW.

C. T. Tarragona Power, in Tarragona, with 424 MW.

C. T. de Arcos de la Frontera, in Arcos de la Frontera (Cádiz), with two groups with a combined 1,613 MW.

C. T. Bahía de Bizkaia, in Ciérvana (Vizcaya), which is operated jointly with three other operators (EVE, Repsol YPF and BP with 25% each), of 780 MW.

C. T. de Aceca, in Villaseca de la Sagra (Toledo), of 391 MW.

C. T. de Escombreras, in Cartagena (Murcia), with 831 MW.

Nuclear plants

Iberdrola operates the following five nuclear plants individually or jointly with other companies:

Almaraz Nuclear Power Plant (1983/1984)

Trillo Nuclear Power Plant (1988)

Cofrentes Nuclear Power Plant (1984)

Vandellòs II (1988)

Ascó II (1986)

Assets worldwide

Iberdrola has various power plants worldwide, with a considerable focus on renewable energies, especially wind and hydroelectric power. There are the most notable power plants and renewable installations:

Wikinger Offshore Wind Farm (Germany): located in the Baltic Sea. With 70 wind turbines, it can produce up to 350 MW.

Whitelee Wind Farm (Scotland): the largest onshore wind farm in the UK, Whitelee has a capacity of 539 MW.

East Anglia One Offshore Wind Farm (UK): located off the coast of Suffolk, this is one of the world's largest wind farms, with a total capacity of approximately 714 MW.

Tâmega Complex (Portugal): this major hydroelectric project consists of three plants and will have a total installed capacity of over 1,158 MW upon completion.

Rocha Candeias Hydro Plant (Brazil): an essential hydroelectric plant in Iberdrola's South American portfolio.

Baixo Iguaçu Hydroelectric Power Plant (Brazil): another significant hydroelectric facility in Brazil, with a capacity of 350 MW.

Cenace Wind Farm (Mexico): part of Iberdrola's extensive operations in Mexico, this wind farm has a capacity of over 100 MW.

Saint Brieuc (France): the main project is the Saint-Brieuc offshore wind farm, due to open in 2024, with 496 MW of installed capacity.

Fernando de Noronha (Brazil): Iberdrola has been developing the Noronha Verde project since November 2025. It features a photovoltaic plant with more than 30,000 panels and a capacity of 22 MWp, which will be integrated with a 49 MWh battery storage system.

Renewable energy

Headquartered in Valencia (Paseo de la Alameda), the Iberdrola Renovables subsidiary had been listed on the stock exchange from December 2007 until July 2011, when Iberdrola decided to re-acquire the minority shares and integrate it into the parent company.

In Q1 2023, Iberdrola reported having operating installed capacity of 62,045MW of which 41,246 MW is renewable. Its clean energy capacity increased by 5.7% compared to 2022.

Iberdrola increased its investments in renewables with 8% and has 7,100 MW of renewable energy under construction. It plans to build 52,000 MW until 2025.

Major assets

Renewable Energy Operations Centres – CORE (Toledo, Portland and Glasgow). Iberdrola's Renewable Energy Operations Centres (CORE for its initials in Spanish) in Toledo, Portland and Glasgow control all Iberdrola's renewables facilities and its related substations worldwide. Iberdrola's first CORE was set up in Toledo in 2003, with the other two coming on stream since.

The Whitelee Wind Farm (Glasgow, Scotland). With initial installed capacity of 322 MW, it is currently being enlarged to 539 MW. The complex is situated south of Glasgow and covers an area of 55 square kilometres, the same as that occupied by Glasgow itself.

The El Andévalo wind farm (Huelva, Spain). The El Andévalo wind farm, which was commissioned in 2010, is the largest wind power facility in Spain and continental Europe. It has installed capacity of 292 MW and is located between the towns of El Almendro, Alosno, San Silvestre and Puebla de Guzmán in the south of Huelva province. To transfer the power generated by these wind farms and connect them to the transmission grid, Iberdrola has built a new 120-kilometre line between Spain and Portugal, which means this complex occupies a key strategic position in the power interconnections between the two countries.

Peñascal Wind Power Project (Texas, US). The Peñascal wind farm is the largest facility operated by the company worldwide, with installed capacity of 404 MW. Located in Kennedy County, Texas, its innovative features include a radar that detects the arrival of large flocks of migratory birds and shuts down the turbines if visibility conditions represent a danger.

Public activities

In 2006 Iberdrola founded the Corporate Volunteering Program, a global initiative aimed at supporting Iberdrola's employees in their participation in social projects in integrating members of vulnerable groups into society, improving the environment and sustainable development.

In 2022, more than 16,800 volunteers participated in the Corporate Volunteering Programme delivering help to more than half a million people. Some of its projects include: Protagonists of their Future (aimed at women victims of gender-based violence and at risk of social exclusion), SUMA (aimed at the return of women to work after a break in their professional career), INVOLVE (International Volunteering Vacation for Education, within which Iberdrola employees help vulnerable teenagers to improve their employability through computer science and web applications), Lights... and Action! (a project carried out since 2011 with the Tomillo Foundation aimed at improving the training and employability of young people who study basic vocational training for teenagers with experiences of school failure), The Job Ambassadors Programme (volunteers have participated in the training of people from the Multiple Sclerosis Foundation (EMF) who are seeking employment), Environmental Volunteering (Forest Restoration on International Forest Day, with 1,100 trees planted through various initiatives in which people with intellectual and school disabilities have also participated), initiatives to encourage scientific vocation and equal opportunities on International Women's and Girls’ Day in Science and on Women's Day, World Cancer Day (initiatives to raise awareness of the importance of supporting research and hair donation for vulnerable, underprivileged women), International Happiness Day (1,600 meals distributed to vulnerable families), SDGs at school (a school awareness project on SDGs) I Can (a project that prepares people with intellectual disabilities to secure and keep a job and lead an independent life). Through Iberdrola with Refugees volunteer initiative founded in 2015, it has assisted to a thousand refugees from Syria, Palestine, Afghanistan and Mali in adapting, integrating and improving their autonomy.

In 2022, after the beginning of Russian invasion of Ukraine, Iberdrola's Corporate Volunteering Program involved 12,000 people in the Volunteers for Ukraine programme to collaborate in helping Ukrainian people, including providing shelter, warm clothes, mattresses, blankets, water and food for the people who were leaving Ukraine. The company has sent eight tonnes of humanitarian aid donated by its employees in Spain to Ukraine in March 2022. The company also raised funds, doubling the amounts donated by its employees for the United Nations High Commissioner for Refugees (UNHCR) to provide shelter, immediate food and emergency care.

Sports sponsorships

Iberdrola serves as an Equality Partner for the Spanish Olympic Committee and supports both the Olympic and Paralympic. The company supports Spanish sports for more than two decades through global agreements with the Spanish Higher Sports Council (Consejo Superior de Deportes – CSD) and the Spanish Olympic and Paralympic Committees (COE and CPE), as well as with various sports federations. The company has been a sponsor of the Spanish Paralympic Team since its inception in 2005, contributing to the Paralympic Objective Sport Support (ADOP) plan. The ADOP plan comprises a Scholarship Programme aimed at granting athletes financial assistance alongside a Services Program encompassing a comprehensive training support system with access to advanced training facilities, medical care, and more.

The company promotes 32 National Federations (including the National Federations of Athletics, Badminton, Handball, Boxing, Ice Sports, Fencing, Football, Gymnastics, Hockey, Karate, Canoeing, Rugby, Surfing, Table Tennis, Triathlon and Volleyball, to which in 2018 were added Underwater Activities, Bowling, Winter Sports, Weightlifting, Judo, Olympic Wrestling, Mountaineering and Climbing, Swimming, Skating, Ball, Rowing, Squash, Taekwondo, Tennis, Archery and Sailing), and has more than 100 competitions with the naming right Iberdrola, including 32 leagues. Iberdrola supports sailing, including the Iberdrola Sailing Team, achieving notable results in national and international competitions. Since 2016, Iberdrola has been promoting and sponsoring women's sport in Spain, supporting 600,000 federated women. In 2016, Iberdrola became the main promoter of the Universo Mujer (Women Universe) programme of the National Sports Council.

Iberdrola signed a sponsorship agreement with The Royal Spanish Football Federation (RFEF) as a main sponsor of the Spain national football team in 2009–2010 season. During the company's sponsorship, the National Team won the 2010 World Cup.

In August 2016, Iberdrola became the main promoter of women's football in Spain under an agreement with the Federation of Universo Mujer and as of 2023, the company is the main sponsor of the Spain women's national football team, the Under-19 and Under-17 national teams, the First Division of Women's Football – the Primera Iberdrola, as well as the Copa de La Reina-Iberdrola and Supercopa-Iberdrola, among others.