Iberdrola Reports Strong Q3 2024 Results, Driven by €12.3 Billion Investment in Networks and Renewables

Credit: 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 .

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 .

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 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 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.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use

Support Renewable Energy News!

At EnergyMagz, we believe that reliable, up-to-date news on renewable energy is vital for driving the world toward a sustainable future. By contributing, you’re not only supporting quality journalism, but also helping to shape the world’s transition to greener solutions.
DONATE  NOW
Every contribution, no matter the size, makes a difference.
close-link