Capital Markets Day
Update of our
Strategic Plan
On 21 March 2024, we presented the latest update of our strategic plan. The next Capital Markets Day will be held on 24 September 2025.
In March 2024, we announced investments of €41 billion for the 2024-2026 period to drive the electrification of the economy in response to new energy-demand uses. This plan is based on organic growth, focused on the development of networks in high-credit-rated markets and selective growth in renewables to enable the replacement of fossil fuels and the expansion of energy storage.
"Electrification is the most effective way to guarantee security of supply, reinforce energy autonomy and strengthen competitiveness while protecting the natural environment."
Ignacio S. Galán
Executive Chairman of Iberdrola
Strategic plan in figures
bn investments to 2026
bn investment in networks
bn investment in renewables
kWh of pumped storage capacity
investments allocated to A-rated countries
new hires
% earnings per share
€M/year Investment in R&D
Net Zero in scopes 1, 2 and 3 before 2040
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
Sixty percent of our investment plan (€21.5 billion) is dedicated to expanding and strengthening grids in the US, the UK, Brazil and Spain. This infrastructure is key to ensuring the integration of new renewable capacity into the electricity system and accommodating the increased demand from new uses such as electric vehicles, heat pumps and data centres.
As a result, electricity grid assets will grow by 38% to €54 billion, including €15 billion in transmission networks. Eighty-five percent of this asset base is secured under fixed regulatory frameworks for the coming years.
Selective investment in renewables
We plan to allocate €15.5 billion gross to the renewable-energy business – including €5 billion contributed by strategic partners in ongoing projects – with selective growth in manageable technologies.
Of this amount, more than half is focused on offshore wind in the United States, the United Kingdom, France and Germany; 28% on onshore wind, and 18% on photovoltaic solar. What’s more, 100% of the investment is dedicated to projects already under construction.
Thanks to these investments, by 2027 we will have 3,000 new MW of offshore wind in operation, bringing the total to 5,000 MW, and we plan to launch an additional 6,000 MW of onshore wind and solar power.
Strengthening leadership in storage
Storage is becoming a strategic technology for stabilising market prices and avoiding margin volatility. For this reason, we plan to allocate €1.5 billion to this area, enabling us to reach a storage capacity of 120 million kWh through hydroelectric pumping (a 20% increase). Additionally, we will have an extra portfolio of 150 million kWh.
Commitment to sustainability
We continue to make advances in our role as an active agent in the fight against climate change. As such, environmental and social factors are fully integrated into our Strategic Plan, and we are aiming to align our growth with the goal of zero emissions in our generation plants and own consumption by 2030, and in all our activities by 2040.
What’s more, the company’s activities will create 10,000 jobs globally by 2026, which will increase to 500,000 jobs across our entire supply chain. All of this is in line with our commitment to equal opportunities.
Our strategic plan in 5 key points.
Capital Markets Day 2024 documentation
Additional workshops
Broadcast
Please find in this section all the information regarding the broadcast of the Capital Markets Day:
- Date: 21 March
- Time: 09:30 a.m. (Madrid) / 08:30 a.m. (London)
- Place: London
Contact
Investor Relations Office
For more information please contact investor.relations@iberdrola.es
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 Day.
In 2024, we 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 these reasons, Iberdrola has established strategic lines, objectives and actions to ensure the sustainability of its events.
To make queries and/or suggestions relating to sustainable events at Iberdrola, please contact us at the following email address: sustainable.events@iberdrola.com
See all the information of previous events
2022