Iberdrola Unveils €41 Billion Investment Plan

Spanish energy giant Iberdrola has unveiled an ambitious €41 billion investment plan to accelerate the global transition to electrification and capitalise on the growing demand for renewable energy.  The company plans to allocate 60% of its investment to expanding and strengthening its networks in major markets like the US, UK, Brazil, and Spain, aiming to boost grid reliability and support clean energy integration.

Alongside grid investments, Iberdrola will invest €15.5 billion in targeted renewables projects, with a significant focus on offshore wind in the US, UK, France, and Germany. The company also plans to direct €1.5 billion towards energy storage solutions like pumped storage, recognizing their vital role in balancing supply and demand and reducing price volatility.

Iberdrola's strategy reflects key trends in the energy sector, including the decarbonization of industry, transportation, and buildings, as well as the surge in electricity demand driven by data centers and AI infrastructure.

Financial Outlook and Sustainability

This ambitious plan is projected to drive high-mid-single-digit growth in earnings and dividends. Iberdrola anticipates an EBITDA of €16.5 - €17 billion by 2026 and a net profit of €5.6 - €5.8 billion. Alongside financial growth, the company has committed to creating 10,000 new jobs and maintaining its focus on sustainability, aiming for zero emissions in generation as early as 2030.

"The electrification of energy is unstoppable," said Ignacio Galan, Iberdrola's Executive Chairman, highlighting the company's commitment to driving this transition while ensuring stability and growth for shareholders.