Iberdrola has presented 150 projects to the Next Generation EU programme to mobilise investments worth €21 bn in Spain, involving hundreds of small and medium-size enterprises, institutions, technology partners, startups and the entire value chain. These actions — in the areas of green hydrogen, innovative renewable energy, sustainable mobility, energy storage, smart power grids, heat electrification and component recycling with clean technologies — will contribute to the industrial transformation of the country, focusing on sustainability, green, affordable energy and employment.
Iberdrola group has opened new platforms for growth in order to position itself in markets with a big renewable future and has strengthened its presence in the main countries in which it operates, adding medium and long-term projects to its pipeline. It has done this through 12 corporate operations, undertaken since the beginning of the COVID-19 pandemic, in line with its strategy to consolidate itself as the world's biggest renewables company.
The steady electrification of energy uses driven by the decarbonisation of the economy will enable Iberdrola to add to its customer base. The group, which plans to invest more than 6 billion euros in its Wholesale and Retail business between 2020 and 2025, will by the end of this period have contracts with 60 million customer, to whom it will offer smart and innovative solutions in the residential (heat pumps, energy storage, electric mobility and self-consumption) and industrial (smart solutions, process electrification and green hydrogen) sectors. Solutions that will put customers at the heart and make them responsible for energy use.
The World Economic Forum celebrates its 50th Annual Meeting from 21 to 24 January. Under the heading Stakeholders for a Cohesive and Sustainable World, the gathering will bring together top leaders from business, governments and society to address the challenges and opportunities presented by the 4th Industrial Revolution. Iberdrola group, a member of the Forum, will again be taking part in the event, which will define the global agenda for 2020.
Iberdrola group sees networks as being a key factor for the electrification of the economy and regional vitalisation. This is why it is positioning regulatory assets — together with renewable energies — at the heart of its strategy, as shown by its 2020-2025 investment plan. The company intends to invest over 27 billion euros in its Networks business (40 % of its planned organic investment), which will take its regulatory assets base up to 47 billion euros by 2025, which is 1.5 times its current value.