Spanish utility Iberdrola SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Iberdrola-ES0144580Y14" target="_blank">BME:IBE</a>) posted a reported net profit of EUR 4.13 billion (USD 4.48bn) for the first half of 2024, jacked up by 64% year-on-year on the <a href="https://renewablesnow.com/news/iberdrola-closes-usd-62bn-sale-of-power-assets-to-mexican-state-849747/" target="_blank">multi-billion-dollar sale</a> of power plants in Mexico earlier this year.