Ignacio Galán: “Iberdrola’s business model is part of the solution to energy crises”

Ignacio S. Galán, Executive Chairman of Iberdrola, discusses in an interview with the Spanish business newspaper ElEconomista the limited impact that the current geopolitical and energy crisis is having on the company. Galán, who is attending CERAWeek, one of the leading international energy forums held in the United States, has highlighted Iberdrola’s ability to offer competitive, long-term fixed prices, as well as the importance of investing in networks infrastructure to advance Europe’s electrification and strategic autonomy.

Ignacio Galán emphasises Spain’s key role in European competitiveness and electrification, arguing for the urgent need to remove regulatory and fiscal barriers to facilitate investment and the expansion of electricity networks. He points out that electrification is essential to reduce dependence on fossil fuels, improve energy security and foster industrial and economic growth, as well as creating jobs.

Regarding the main growth markets, Iberdrola is focusing its investments on the United States and the United Kingdom, where it plans to allocate €40 billion between 2025 and 2028 to expand and modernise transmission and distribution networks, as well as to drive forward renewable generation projects. Furthermore, it advocates extending the lifespan of nuclear power stations in Spain due to their contribution to the security and competitiveness of the electricity supply.

Finally, Galán highlights that Iberdrola is entering a period of unprecedented growth, with historic investments and a renewed commitment to electrification and technological innovation. The company aims to become the world’s leading electricity company by market capitalisation, maintaining a policy of increasing dividends and a solid financial structure, which reinforces its leadership and ability to generate value for society and its shareholders.

You can read the full interview on the ElEconomista website (Spanish version).