Iberdrola plans to allocate 60% of €36bn funding to grid projects by 2026, investing €15.5bn in renewable energy with a focus on offshore wind.
Iberdrola, the Spanish energy giant, plans to allocate 60% of its new €36bn ($39.3bn) funding to grid projects by 2026, with 35% earmarked for the US, its top market. The company will invest a total of €15.5bn ($16.6bn) in renewable energy assets, focusing on offshore wind and transmission grids. Over 50% of the renewable investments will go to offshore wind projects in the US, UK, France, and Germany.
March 21, 2024
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