Overview

• About 65% of the €58 billion plan, or roughly €37 billion, is directed to transmission and distribution networks, with a goal of lifting regulated assets to €70 billion by 2028.
• Iberdrola allocates €20 billion to the United Kingdom, €16 billion to the United States, €9 billion to Spain and Portugal, €7 billion to Brazil, and €5 billion to other EU markets and Australia.
• The company plans €50 billion of proprietary investment and expects partners in alliances to contribute €8 billion during the period.
• Targets for 2028 include €18 billion in EBITDA and €7.6 billion in adjusted net profit, with 75% of EBITDA shielded from energy prices and a dividend program of about €20 billion with a 65–75% payout and at least €0.64 per share annually.
• In Spain, Iberdrola outlines €4 billion for network investments through 2028, with roughly €1 billion contingent on the CNMC’s final remuneration framework.