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Iberdrola to invest €58B by 2028 in UK and U.S. grid upgrades for EVs, data centers, and heating.
Iberdrola plans to invest €58 billion by 2028, with the largest share going to the UK and the U.S., to upgrade electricity grids amid rising demand from electric vehicles, data centers, and home heating.
The company is shifting focus from renewable generation to regulated infrastructure, aiming to strengthen transmission and distribution networks in stable markets.
Investments will support grid modernization, create over 15,000 jobs, and boost long-term returns, with dividends expected to cover 65% to 75% of earnings.
The UK will receive 35% of funds, the U.S. 30%, and the company aims to grow grid assets to €70 billion by 2028.
Iberdrola invertirá 58 mil millones de euros para 2028 en mejoras de la red del Reino Unido y EE.UU. para vehículos eléctricos, centros de datos y calefacción.