Iberdrola group sees networks as being a key factor for the electrification of the economy and regional vitalisation. For this reason it places regulated assets — together with renewable energy — at the heart of its strategy, as demonstrated by its investment plan for the period 2020-2030, which will amount to €150bn. Between 2020 and 2025 alone the company will spend over €27bn on networks (40 % of the forecast organic investment for this period) which will take its regulatory assets base up to 47 billion euros by 2025, which is 1.5 times its current value.
Iberdrola has presented 150 projects to the Next Generation EU programme to mobilise investments worth €21 bn in Spain, involving 350 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.
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, through its US subsidiary, AVANGRID, has approved the purchase of the US energy company PNM Resources, which operates in New Mexico and Texas. The company will merge with AVANGRID to create one of the largest US companies in the sector, with 10 regulated electricity companies in six states (New York, Connecticut, Maine, Massachusetts, New Mexico and Texas), and the third-largest renewables operator in the country, present in a total of 24 states.
Iberdrola group becomes one of the leaders in the Australian renewable energy market after acquiring Infigen Energy. Thanks to this operation, the company now operates more than 800 MW of solar, wind and storage batteries in the country and has a significant portfolio of projects, of which 453 MW are under construction and more than 1,000 are in various stages of development.
Iberdrola presents 'United by the wind', a documentary that shows the most social aspect of the East Anglia ONE offshore wind farm. More than twenty workers, both from the company and from several of its suppliers, tell us about the importance of teamwork, companionship and training to set up an infrastructure of this magnitude and complexity, as well as the driving effect that this development is having on local economies.