Iberdrola has reported a substantial investment of €12.3 billion in the third quarter of 2024, with a focus on expanding its networks and renewable energy projects in the U.S. and the UK.
The company's networks asset base has grown to €47.6 billion, with 60% of those assets located in these two key markets.
Renewable energy production reached an all-time high of 63,300 GWh in the first nine months of 2024, bolstered by new investments in clean energy infrastructure.
Iberdrola recorded a net profit of €5.47 billion and EBITDA of €13.27 billion for the quarter, reflecting strong performance in countries with high credit ratings.
Executive Chairman Ignacio Galán highlighted the company's success in advancing its strategic plan for 2026. “Our continued major investment drive is delivering new renewables projects and regulated assets,” Galán said.
He also noted the importance of offshore wind capacity in the company's growth strategy and outlined plans for disciplined growth from 2027 to 2030, with new opportunities in both organic investments and acquisitions in the U.S. and UK.
