“The switch to using electricity for energy is unstoppable and will grow rapidly in the future, helping to reduce carbon emissions, improve energy security, and decrease the instability caused by fossil fuels. The company's key strategies focus on networks, expanding to new regions, and having a good mix of energy sources and customers. This plan will help the company increase its assets, profits, and financial stability, as well as raise dividends and create jobs and economic growth.“– Ignacio Galán, the Executive Chairman of Iberdrola
- This growth is driven by the reduction of carbon in industrial processes, transportation, and buildings, as well as the increased demand for data, cloud, and AI infrastructure.
- The company is focusing globally to ensure that electricity infrastructure is located where it's needed in advance to support carbon reduction and the growth of new industries.
- The expansion of renewable energy will continue to replace fossil fuels and support new energy needs.
- Storage and dispatchable renewables play an important role: matching supply and demand, adjusting prices, and reducing emissions by replacing fossil fuel technologies during peak demand.
The company plans to invest €41 billion.This includes the acquisition of 18.4% of Avangrid, as previously announced.
- Partners in the company's renewable projects will contribute €5 billion, making the net investment amount €36 billion.
o 70% of the total investment to support growth.
o 85% of the investment will be in A-rated markets: the US will be the top investment destination for Iberdrola (35%), followed by the UK (24%), Iberia (15%), Latin America (15%), and Germany, France, Australia, and other countries (11%).
€21.5 billion will be used to expand and strengthen networks in the US, UK, Brazil, and Spain.
- There will be a significant investment of more than €6.5 billion in transmission during this period.
- The company's network assets will increase by 38% to reach €54 billion (with €15 billion going towards transmission).
- The investment will be based on stable and predictable frameworks: 85% of the asset base already has closed framework agreements in place.
- 80% of Networks EBITDA will be protected against inflation and interest rates.
The company will selectively invest in renewable energy.: The total gross investment in this area will be €15.5 billion, including €5 billion contributed by partners for projects that have already been identified. More than 50% of this investment will go towards offshore wind projects in the US, UK, France, and Germany.
- All of the investment will be directed to projects that are already being constructed.
- The company plans to reinforce its leading position in storage with a €1.5 billion investment.
This will increase the pumped storage capacity by 20% to 120 million kWh, providing more stability to the system and reducing volatility in margins. An additional pipeline of 150,000 million kWh will also be developed. The company will focus on customers with a planned investment of €2.5 billion.
- 70% – 80% of the energy will be sold to industrial customers through long-term contracts and regulated generation.
85% of sales will have guaranteed margins up to 2026, with total sales estimated to reach 140,000 to 150,000 GWh.: The company expects to achieve an EBITDA of between €16.5 billion and €17 billion by 2026. investment.
- This will be evenly split between Networks and Renewables.
- There is an estimated net profit of $5.6-5.8 billion in 2026.
- The net profit for 2025 is expected to be at the higher end of the previously announced range: €5.3–€5.4 billion.
Between 2024 and 2026, €11 billion will be paid out as dividends, and the growth will be in line with the net profit. The forecast for 2026 is between €0.61-0.66 per share, with a minimum of €0.55, which is the same as the 2023 dividend. - Strengthening financial power.
The ratio of cash flow to debt will continue to improve, reaching over 24% by 2026. - Dedication to sustainability.
Environment:As early as 2030, there will be no emissions from generation.
Job creation:
- 10,000 new employees will be hired during this period, and sustained employment in suppliers will increase beyond the current 500,000 worldwide. Focused on diversity and equality, with women currently holding 34.5% of leadership positions..
- Social:
Outstanding governance, ethics, and compliance rankings.
Reaffirming the strategy for growth, strength, and dividends in Vision 2030.
Accelerated electrification will result in more growth in networks, with an asset base reaching €65-€70 billion.
Transmission will be a significant area of growth, reaching 30% of the total networks asset base. - Renewables are becoming increasingly necessary to replace thermal power plants, including new uses:
Offshore wind will drive growth, with an additional 3,000 MW in operation from 2027, reaching close to 5,000 MW.
- An additional 6,000 MW of onshore wind and solar will be commissioned from 2027.
There is a total pipeline of 100,000 MW for future development. - The role of storage is growing, with 120 M kWh of operational capacity by 2026 and 150 M kWh in the pipeline.
Collaboration with top-tier financial partners will provide additional growth capacity while maintaining financial strength.
Ignacio Galan, Iberdrola’s Executive Chairman, stated that the electrification of energy is unstoppable and will significantly expand in the coming years, supporting decarbonisation, enhancing energy security, and reducing the volatility caused by fossil fuels. Customers are already driving this change, as those who transition from petrol to EVs and customers replacing gas boilers with heat pumps are not returning to fossil fuels.
“The electrification of energy is unstoppable and will expand exponentially in the years ahead, supporting decarbonisation, boosting energy security, and reducing the volatility caused by fossil fuels. Our strategic pillars… - Growing role of storage: 120 M kWh of operational capacity by 2026 and 150 M kWh pipeline.
- Alliances with top-tier financial partners provide additional growth capacity while maintaining financial strength.
Ignacio Galan, Iberdrola’s Executive Chairman, said:
“The electrification of energy is unstoppable and will expand exponentially in the years ahead, supporting decarbonisation, boosting energy security, and reducing the volatility caused by fossil fuels. Customers are already driving this change. People are not returning to fossil fuels after they move to electric. Those who flip from petrol to EVs do not move back, likewise for customers replacing gas boilers with heat pumps.
