BME:IBEElectric Utilities
How Investors Are Reacting To Iberdrola (BME:IBE) Pairing Storage Scale-Up With Microsoft Solar Deal
Iberdrola has recently inaugurated Spain’s largest battery energy storage system at its Campo Arañuelo solar complex and, through its U.S. subsidiary Avangrid, agreed to supply Microsoft with power from the Bluebird Solar project in Washington state, expected to begin commercial operation in 2028.
Together, these moves underline Iberdrola’s push to pair large-scale renewables with storage and long-term corporate offtake agreements, reinforcing its role in supporting grid reliability and...