Iberdrola SA: accelerated its investments in smart grids in the Basque Country to 144 million over the last 18 months, i.e. 50% more than during the 2017-2019 triennium
23 Aug 2021
Maintain its commitment to develop essential infrastructure for the energy transition, as stated by Ignacio Galán during the first meeting of the company’s management team after the summer, which was held, as is tradition, today in Bilbao
Iberdrola has stepped up its smart grid investment in the Basque Country to 144 million in the past 18 months, 50
- more than in the 2017-2019 triennial period
- The investments planned between 2022 and 2024 amount to more than 200 million euros, which he estimates will generate up to 2,500 jobs in the territory.
- In collaboration with the Provincial Council of Biscay, it promotes a global center to define the electricity grids of the future and plans to develop and manage smart grids in the district of Zorrotzaurre
- The company continues to be an engine of the economy of the Basque Country: the the socio-economic impact of its 2020-2025 investment plan will exceed 15 billion
The president of Iberdrola, Ignacio Galán, meeting today in Bilbao with the management team of the company as well as the executive committee during their traditional first meeting after the summer, confirmed the importance of smart gridsto lead the energy transition and the company’s intention to accelerate their development in the Basque Country, with investments which, over the last 18 months, have amounted to 144 million euros – including 82 million in Biscay – , i.e. 50% more than those achieved during the 2017-2019 triennium.
The investments of i-DE, the distribution company of Iberdrola, between 2020 and July 2021 were aimed at renewing the existing infrastructure which, thanks to the digitization and automation of the network, facilitated the incorporation of energies renewables in the electricity system and has enabled an efficient response to energy needs in times of pandemic, also contributing to the development of the value chain and employment in the Basque Country. Thanks to this investment effort, the quality of supply to its customers in the Basque Country has reached 99.9%, as evidenced by the TIEPI index, which stood at 54 minutes in 2020.
Galán pointed out that investments in distribution networks support an industrial value chain with 90% local suppliers, many of which are SMEs, in areas such as the manufacturing of capital goods, engineering, business enterprises. ‘assembly, civil works, logistics, raw material suppliers, etc.
Network incident management algorithms
The high levels of automation of Iberdrola’s networks in the territory are complemented by intelligent control systems and, in particular, by the Automatic Restore Algorithm (ARA), which detects incidents in the network and acts autonomously. to isolate incidents as soon as they occur. Without human intervention, the SCBA can recover on average 70% of the power and the customers concerned in less than 3 minutes.
The company is also undertaking an ambitious plan to modernize electrical substations, which includes more than 70 substations in the Basque Country; a plan launched in 2018 with an investment of nearly 160 million euros.
More investment in networks to achieve climate goals and revive the economy
23 Aug 2021
The president of Iberdrola also detailed the investment plan of the Iberdrola network in the Basque Country for the triennium 2022-2024, which amounts to more than 200 million euros, with which the company plans to generate up to 2,500 jobs in the region.
He also insisted on the need to increase these investments, up to 300 million euros over the period, in order to achieve the objectives of the roadmap for the implementation of the National Integrated Energy and Climate Plan (PNIEC ), removing barriers to investment where appropriate and where distribution companies have the capacity and intention to develop them.
In the Basque Country, i-DE manages over 18,400 km of low and medium voltage lines and over 4,400 km of high and very high voltage lines. It also has 11,248 digital transformation centers, 3,589 new automated centers and remote control elements and 1.3 million smart meters in service.
A driving force for R & D & i and local and international talent
In Larraskitu, Iberdrola is finalizing its Global Innovation Center for Smart Grids (GSGIH), an open and cutting-edge innovation center that will define the smart grids of tomorrow. The center was created with the aim of becoming a benchmark in innovation applied to networks and will serve as a platform for R & D & i and local and international talent, combining the technological capacity of the company with that of its strategic partners. global organizations and a large collaborative ecosystem of suppliers, universities and start-ups from around the world.
The company has already identified and is working on more than 120 projects worth 110 million euros and has concluded agreements with 30 technological partners on the development of solutions for network digitization, integration of renewable energies, deployment of electric vehicles and energy storage systems.
The Provincial Council of Biscay is collaborating on this initiative, which is also linked to the Biscay Startup Bay strategy, as it will also become a To augment for startups in the energy sector setting up in the Torre Bizkaia.
Zorrotzaurre: a smart island with zero emissions
Iberdrola is also involved in the project led by the City of Bilbao to turn the island of Zorrotzaurre into a smart neighborhood with zero emissions. With an investment of 20 million euros, the company plans to develop and manage the district’s smart grids and will provide smart solutions for electric mobility, self-consumption, storage and air conditioning, as well as monitoring tools. for private and industrial customers.
In the project, i-DE will play an important role in the digital transformation of the electricity infrastructure and will also act as the operator of the distribution network. (DSO),which distributes and manages energy from production to consumption by end users. In this process, digitalization is essential and investments in automation, smart meters, real-time systems, big data and data analysis are required.
Driving force of the Basque Country’s economy
During the meeting, Galán underlined the company’s commitment to continue to act as motor forcein the Basque Country: the socio-economic impact of its 2020-2025 investment plan will exceed 15 billion in the region. A commitment to continue leading the energy transition which will also boost the value chain, since nearly half of the impact of its activity by 2025 will be purchases from Basque suppliers.
23 Aug 2021
In 2020, Iberdrola’s socio-economic contribution to the Basque Country amounted to € 2.3 billion, with purchases worth € 1 billion from Basque suppliers, through which Iberdrola supports 17,000 jobs in the area. Investments of 160 million euros.
Iberdrola’s economic activity in the Basque Country generated a tax contribution of 740 million euros last year. A total of 250 million euros has been allocated to dividends distributed among its more than 65,000 shareholders in the Basque Country.
Iberdrolais one of the world’s leading energy suppliers – the third by market capitalization in the world and the leader in renewable energies – championing the energy transition to a low-emission economy. The group supplies energy to around 100 million people in dozens of countries and operates renewable, grid and commercial activities in Europe (Spain, UK, Portugal, France, Germany, Italy and Greece), states United, Brazil, Mexico and Australia, while counting markets like Japan, Ireland, Sweden and Poland among its growth platforms.
With a workforce of more than 37,000 people and a portfolio of more than 122.5 billion euros, it achieved a turnover of more than 33 billion euros and a net profit slightly above 3.6 billion euros. euros in 2020. The company contributes to maintaining 400,000 jobs in its supply chain, with an annual procurement budget of 14 billion euros. A leader in the fight against climate change, Iberdrola has committed more than 120 billion euros over the past two decades to build a sustainable energy model based on environmental, social and governance (ESG) principles.
Iberdrola SA published this content on 23 Aug 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 24 Aug 2021 09:13:02 UTC.