Iberdrola Reaches 11 GW U.S. Capacity, Plans $18.5B Investment
Iberdrola has reached 11 GW of installed generation capacity in the United States, the company announced yesterday. The Spain-based global energy company, focused on renewables and grid infrastructure, has deployed this capacity through its subsidiary Avangrid, with operations spanning 25 states and nearly 100 generation facilities across multiple technologies. Total output is sufficient to meet the annual electricity demand of more than seven million consumers.
In recent months, the company has commissioned five new projects totaling 850 MW. These include the 321 MW True North solar project in Texas, the 57 MW Camino Solar project in California, the Daybreak and Bakeoven solar projects in Oregon (269 MW combined), and the 202 MW Powell Creek project in Ohio.
Looking ahead, Iberdrola plans to invest approximately $18.5 billion (€16 billion) in the United States between 2025 and 2028. Around $13.9 billion (€12 billion) is allocated to transmission and distribution infrastructure, with roughly $4.6 billion (€4 billion) directed toward new generation capacity.
The planned investment aligns with increasing system demand driven by electrification, industrial growth, and data centre expansion, placing added focus on grid reinforcement and capacity expansion.
The United States remains one of Iberdrola’s core markets alongside the United Kingdom, with total assets in the country exceeding $57.8 billion (€50 billion). The company continues to prioritize network expansion and modernization to support evolving grid requirements.
Source: Iberdrola