Capital Markets & ESG Day 2024

Update of our
Strategic Plan

On 21 March we held our Capital Markets & ESG Day to present an update on our Strategic Plan.

We announced investments of 41 billion euros over 2024-2026 to drive economy’s electrification, in the face of new uses of energy demand. This plan is based on organic growth focused on grid development in highly rated markets and selective growth in renewables, enabling the substitution of fossil fuels and energy storage's growth. 

Ignacio Galán

"The electrification of energy is unstoppable. Our strategy will focus on delivering enhanced grid to support security of supply, as well as a strong expansion of renewables capacity. We also recognise an increasing role of storage technologies."

Ignacio S. Galán

Executive Chairman of Iberdrola

Strategic plan in figures

Ignacio S. Galán, Executive Chairman of Iberdrola, gives the main keys to our investment plan

Our current Strategic Plan 2024-2026

We are anticipating new sources of electricity demand and announced an investment of €41 billion euros and 10,000 new contracts until 2026 to accelerate electrification in a sustainable and safe manner.

This Strategic Plan is committed to investing in electricity grids in markets with stable frameworks; as well as in renewable technologies with greater value, increased storage capacity and customer portfolio optimisation.

By the end of the decade, Iberdrola expects to reach €65-70 billion in grid assets and 100,000 GW of renewable portfolio for future development.

Grid-based growth

60% of our investment plan (€21.5 billion) is dedicated to expanding and reinforcing grids in the US, UK, Brazil and Spain. Key infrastructure to ensure new renewable capacity integration into the electricity system and to absorb increased demand from new uses: electric vehicles, heat pumps and data centres.

Thus, electricity grid assets will grow by 38% to €54 billion euros, with €15 billion in transmission grids. Of this asset base, 85% of this asset base has closed frameworks for the coming years.

Selective investment in renewables

We plan to allocate €15.5 billion gross to renewables business – including €5 billion contributed by strategic partners in ongoing projects – with selective growth in manageable technologies.

Over half of this amount is focused on offshore wind in the US, UK, France and Germany; 28% on onshore wind and 18% on solar PV. In addition, 100% of the investment is focused on projects already under construction.

Thanks to these investments, we will have 3,000 MW of new offshore wind in operation from 2027, bringing our total to 5,000 MW, and we plan to commission an additional 6,000 MW of onshore wind and solar.

Strengthening leadership in storage

Storage is becoming a strategic technology to stabilise market prices and avoid volatility in margins. We therefore want to allocate €1.5 billion to this area, which will allow us to reach 120 million kWh of storage capacity through hydroelectric pumping (an increase of 20%). We will also have an additional portfolio of 150 million kWh.

Commitment to sustainability

Iberdrola continues to advance in its role as an active agent in the fight against climate change. Thus, environmental and social factors are fully integrated into our Strategic Plan, and we intend to make our growth compatible with the objective of zero emissions in our generation plants and own consumption by 2030, as well as in all our activities by 2040.

In addition, the company's activities will create 10,000 jobs globally by 2026, which will increase to 500,000 jobs throughout our supply chain. Furthermore, we will maintain our commitment to gender equality: women already represent 34.5% of senior management positions and this percentage will rise for the foreseeable future and will continue to lead in governance, ethics and compliance rankings.

Our strategic plan in 5 key points.

Capital Markets & ESG Day 2024 documentation

Strategic Vision

898 KB


Business Environment

1 MB


Financial Management

937 KB


Closing remarks

306 KB


Additional workshops

ESG: Innovation & Human Capital

2.2 MB


Partnerships and Asset rotation

590 KB


Storage solutions

1.1 MB


Other relevant documents


Please find in this section all the information regarding the broadcast of the Capital Markets & ESG Day:

  • Date: 21 March
  • Time: 09:30 a.m. (Madrid) / 08:30 a.m. (London)
  • Place: London


Investor Relations Office

For more information please contact

Sustainable Events

In 2016 Iberdrola was the first IBEX 35 company to certify its General Shareholders' Meeting. In 2020 it was the first Company to include the most significant events for shareholders and the financial community in a single certificate, and it renewed this certificate in 2022, expanding the scope of the certificate to include Capital Markets & ESG DAY.

In 2024, we have extended its scope to include new corporate events. Learn more about our sustainable event management.

The ISO 20121:2012 standard establishes that for an event to be sustainable, it must maximize positive impacts in the three areas covered by sustainability (economic, environmental and social) and throughout the scope of the event.

Iberdrola has a Sustainable Management Policy and an Iberdrola Group Events Manual that establish the framework for action.

For all this, Iberdrola establishes strategic lines, objectives and actions to make its events sustainable.

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