Iberdrola in the US

Success and growth in the USA

The United States is one of our strategic global markets, where we plan to allocate €16 billion – a third of our total investment to 2028 – for growth in electricity networks.

The story of our subsidiary in the United States, Avangrid, is a story of growth. In less than two decades, it has become one of the largest electricity groups in the country. It continues to develop new projects and establish long-term power purchase agreements (PPAs) to drive a sustainable, clean and environmentally responsible market.

This is a priority market for the Group, as it offers the security, stability and profitability of a country with an A credit rating. For this reason, our Strategic Plan 2025-2028 allocates €12 billion to distribution and transmission networks and €4 billion to Generation and Customers, with nearly half of this investment earmarked for offshore wind projects.

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Avangrid, a leading USA energy company

Iberdrola, through its subsidiary Avangrid, has grown considerably in its two decades of operation in the United States. AvangridExternal link, opens in new window. is the leading sustainable energy company driving America's transition to an electric and connected future. It is present in more than 20 states and manages more than 10,500 MW of generating capacity (over 9,700 MW renewable) and more than 170,000 kilometres of power lines across eight utilities in New York, Connecticut, Maine and Massachusetts, serving a population of seven million people.

Avangrid's principal businesses are:

Networks. Avangrid Networks, a subsidiary of Avangrid, combines the resources and expertise of eight electricity and natural gas utilities to distribute quality energy to its customers.

Renewables. Avangrid is the third largest renewable energy company in the USA with a diverse portfolio of onshore and offshore renewable energy that it manages through its subsidiary Avangrid Power.

Some key figures

Data updated at first half 2025

€1.866bn

of EBITDA

€3.929bn

of gross investment

3.4

million consumers

8,269

employees

37,642

GWh distributed energy

$15.1bn

Network assets base

9,703

MW installed renewable capacity

First

large-scale offshore wind project in the country

"Now more than ever, we need to advance energy independence and decarbonisation. Avangrid is ready to lead the United States towards a clean energy future and provide our customers with more secure, sustainable and affordable energy."

Ignacio S. Galán

Executive Chairman of Iberdrola

Our most emblematic projects and facilities in the US

Avangrid, where energy meets humanity.

Boosting sustainability criteria in the US

Avangrid conducts its business to create sustainable value for all its stakeholders. These are some of Avangrid's achievements and initiatives in sustainability:

Avangrid has been included in the FTSE4Good Index for 2024 for the seventh consecutive year in recognition of its good performance

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Avangrid, Patriot Award, granted by the Employer Support of the Guard and Reserve (ESGR) of the US Department of Defense in 2024.

Ponce de León 2024 Award for Company of the Year by the Spain-United States Chamber of Commerce in 2024.

An international and committed team: Avangrid has a workforce of 8,269 employees at the end of 2024.

Avangrid allocated more than 130 million dollars to improve the resilience of the network, including flood walls, relocation of substations and reconstruction of transmission lines. In total, 318 million dollars were invested in climate adaptation and mitigation in 2024.

Through the Avangrid Foundation, the subsidiary invests its resources in organisations and programmes that have a positive impact on the communities it serves.

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Avangrid has scholarships for students at risk of dropping out of university due to financial emergencies and specific programmes for young people to pursue engineering projects focused on energy.