Iberdrola's investment plan for the period 2020-2025, now extended to 2030, reaffirms its commitment to renewable energies. Of the projected €75 billion for 2025, 90 % will be organic investments (€68 billion) and, of these, 51 % (some €34.68 billion) will be earmarked for renewables, which will amount to 60 gigawatts (GW) of installed capacity by 2025, doubling the current capacity. With the extension to €150 billion euros by 2030, the company plans to reach an installed renewable capacity of 95 GW, and is uniquely positioned with a renewables pipeline of 81.5 GW, one of the largest in the industry.
Iberdrola has updated the Advanced Virtual Assistant for shareholders on occasion of its General Meeting, which was held online on 18 June. We present to you AVA, a chatbot that is designed to immediately answer questions regarding the Meeting and to provide our shareholders with all documentation and links of interest to facilitate their participation in the event.
On the occasion of its 2021 General Shareholders' Meeting, Iberdrola has launched a new design, with which it aims not only to bring together and highlight the elements on which the event is built, but also to transmit and amplify its purpose and corporate values. The new visual universe therefore highlights Iberdrola as the green company, a company whose major value is sustainability and which is guided by its commitment to the future of the planet, by its Target Green.
A PPA (Power Purchase Agreement) is a long-term agreement between a renewable developer and a consumer for the purchase of energy. The Iberdrola group has extensive experience in this sector and has entered into contracts of this type in countries including the United States, United Kingdom, Spain, Mexico and Australia, and it now has agreements with companies such as Amazon, Apple, Facebook and Nike, among others.
Taking part in the Iberdrola General Shareholders' Meeting couldn't be easier. Let us explain how to cast an absentee vote or grant your proxy before the event, which will take place on 18 June at 11.00 a. m. on second call and by remote means only.