Galán attends the reception of the British Prime Minister on the occasion of the summit between the UK and the EU

The Executive Chairman of Iberdrola, Ignacio Galán, has attended, by invitation of the British Prime Minister, Keir Starmer, the official reception held at Number 10 Downing Street, in London, on the occasion of the historic summit between the United Kingdom and the European Union. The event brought together prominent business leaders and political authorities to celebrate a new agreement on economic and energy cooperation between both parties.

Among the attendees were key figures such as the European Commissioner for Trade and Economic Security, Interinstitutional Relations and Transparency, Maroš Šefčovič; the British Chancellor of the Exchequer, Rachel Reeves; the Secretary of State for Business and Trade, Jonny Reynolds; and the Secretary of State for Energy Security and Net Zero, Ed Miliband. The summit marks a turning point in post-Brexit relations, with a renewed focus on energy integration and the reduction of trade barriers.

The new agreement between the United Kingdom and the EU includes the reduction of trade barriers on food and drink and the lowering of energy taxes through the linking of the UK and EU emissions trading systems. Both parties have identified other areas in which they will explore closer cooperation, including the possibility of the UK participating in the EU internal electricity market.

Ignacio Galán welcomed the announcement and highlighted Iberdrola’s role as one of the main investors in electricity infrastructure in the United Kingdom.

“With plans to invest €28 billion in the country by 2028, we support the British Government’s approach of driving economic growth through closer cooperation in electrification and energy security,” he stated in relation to the Group’s commitment to the British market and the country’s electricity infrastructure.