Iberdrola has unveiled a $64 billion (€58 billion) investment plan through 2028 aimed at transforming the company into a more regulated utility, with networks as the primary driver of growth. The announcement was made during the Capital Markets Day 2025 by Ignacio Galán, Executive Chairman of the group.

The strategy prioritizes the United Kingdom and the United States, which together will receive 65% of the investment. $41 billion ($27.5 billion in distribution and $13.2 billion in transmission) will go to networks, mainly in the UK and US. Investments will focus on countries with stable, predictable regulatory frameworks, targeting an average return on equity of 9.5%.

Iberdrola expects EBITDA to reach $19.8 billion ($18 billion €) by 2028, with regulated networks contributing 55%. The company projects an adjusted net profit of $8.4 billion, with approximately $22 billion allocated to dividends between 2025 and 2028. Around 75% of EBITDA will come from long-term contracted businesses, reducing reliance on energy price fluctuations.

The plan also emphasizes social and environmental impact, including 15,000 new hires, purchases of $71.5 billion from suppliers supporting 500,000 jobs, a tax contribution exceeding $44 billion, $1.76 billion in R&D, and achieving carbon neutrality by 2030.

Looking beyond 2028, Iberdrola anticipates further growth with $49.5 billion in investments from 2029 to 2031, focusing on regulated networks in A-rated countries, mainly the UK and US, targeting an asset base exceeding $99 billion.

Ignacio Galán said the plan will "transform Iberdrola's profile into a more regulated company, with networks as a vector for growth," while ensuring predictable, profitable, and sustainable development.

Source: iberdrola.com