Overview

• Iberdrola will devote €37 billion to electric networks, elevating regulated grids over power generation as its primary focus.
• Capital is weighted to the United Kingdom (35%) and the United States (30%), with roughly 15% directed to the Iberian Peninsula.
• The company cites UK and US grid development policies as the main reason for concentrating investment in those markets.
• The priorities are set out in a strategic plan released on September 24 that runs through 2028.
• The announcement consolidates a shift in the business model toward network development over generation.