Energy Outlook

25 years leading electrification

Iberdrola has spent a quarter of a century committed to a model in which electricity, especially that generated from renewable sources, is accessible to the greatest possible number of people and industries. 

Over this period, we have achieved sustained growth thanks to our financial strength, an innovative approach and active listening to the market, which has enabled us to invest in and develop business lines with significant potential. 

Thanks to these principles, we have multiplied our market capitalisation twelvefold, reaching €135 billion at the end of 2025. Our Regulated Asset Base is 10 times higher, increasing from €5 billion to €51 billion over this period. The Group’s installed capacity now stands at 58,000 MW. 

 SEE INFOGRAPHIC: Achieving 25 years of sustained growth [PDF]

Electrification, a solution to today’s challenges

The electrification of the energy market is an unstoppable global trend. At Iberdrola, we believe that driving this process is one of the structural solutions to current challenges due to its potential to guarantee strategic independence, industrial competitiveness and environmental sustainability, etc.

We have been leading the transformation to an electricity-based model for decades, with investments in smart grids, renewables and storage. Thus, in order to reinforce our commitment to creating a sustainable and secure energy future, we will allocate €58 billion in our 2025-2028 Strategic Plan for the development of electricity networks, focusing on the United Kingdom and the United States as key markets.

 SEE INFOGRAPHIC: Electrification is unstoppable [PDF]

Since 2001, Iberdrola has invested more than €175 billion in electricity grids, renewable energy and energy storage to help create an energy model based on electrification. The company has nearly 1.4 million km of electricity networks in the United States (the states of New York, Connecticut, Maine and Massachusetts), the United Kingdom (Scotland, England and Wales), Brazil (the states of Bahia, Rio Grande do Norte, Pernambuco, São Paulo and Mato Grosso do Sul, as well as Brasília) and Spain, as well as 58,000 MW of capacity worldwide, of which more than 46,000 MW is renewable.

Outlook for the coming years

These are the main factors that will drive our performance in the coming years:

 SEE INFOGRAPHIC: Strategic Plan 2025-2028 [PDF]

Iberdrola has unveiled a Transformation Plan to achieve these objectives between 2026 and 2028.

 SEE INFOGRAPHIC: Adjusted Net Profit [PDF]

Iberdrola: optimally positioned for the future

Iberdrola Group is optimally positioned to deliver long-term growth in today's global energy landscape, backed by our track record of more than two decades of sustained growth in earnings and dividends. In the First Quarter 2026 Results Presentation, we increased our 2026 growth forecast for Adjusted Net Profit to more than 8%, excluding capital gains from asset rotation. The company is making solid progress towards delivering its Strategic Plan, which targets net profit of €7.6 billion by 2028.

This solid performance is possible thanks to three strategic pillars: