Finance

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Ignacio Galán, Chairman of Iberdrola: “The current crisis demonstrates the need to accelerate the energy transition to achieve energy self-sufficiency in Europe and decarbonize our economy. To achieve this, solutions based on the European framework and a continuous dialogue between market players and administrations are needed” .

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Ignacio Galán, Chairman of Iberdrola: “The acceleration of investments has helped us to continue to deliver strong growth at a higher rate than expected. These results reflect the success of a sustainable model and encourage us to continue working towards the decarbonisation of the energy system.”

© DanPetermann Iberdrola

Iberdrola remains committed to the deployment of renewables in international markets. Its third offshore wind project in the Baltic Sea, Windanker, will have 300 MW installed capacity and €800 million total investment.

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Iberdrola is increasing investments in grid expansion, renewable energies and accelerating the commissioning of new additional wind power plants. In this way, the company is further extending its global leadership in sustainable investment and safeguarding high-quality jobs.