Iberdrola Announces $20 Billion Investment in US Energy Infrastructure
Investment plans focus on power transmission and distribution networks through 2030.
Ignacio Galán, the president of Iberdrola, met with U.S. Energy and Interior officials to unveil the company's plans for over $20 billion in investments in the United States by 2030. This announcement was made during discussions with U.S. Secretary of Energy Chris Wright and Doug Burgum, the Secretary of the Interior and chair of the National Energy Policy Council, at the CERAWeek energy congress in Houston, Texas.
Iberdrola's investment will primarily target transmission and distribution networks, as well as exploring opportunities in power generation.
After two decades of operations in the United States, the company has amassed approximately $50 billion in assets, with around 80% allocated to electrical networks across 24 states.
Iberdrola employs over 9,000 people in the U.S. and operates more than 170,000 kilometers of electrical lines in regions including New York, Connecticut, Maine, and Massachusetts, with an installed capacity of approximately 10,000 megawatts.
Galán emphasized the significance of the U.S. as a key investment destination for Iberdrola, noting that the company plans to enhance its extensive investment of $50 billion made over the past 20 years with an additional $20 billion aimed at modernizing, expanding, and digitalizing network infrastructure in response to anticipated increases in demand.
Iberdrola's investment will primarily target transmission and distribution networks, as well as exploring opportunities in power generation.
After two decades of operations in the United States, the company has amassed approximately $50 billion in assets, with around 80% allocated to electrical networks across 24 states.
Iberdrola employs over 9,000 people in the U.S. and operates more than 170,000 kilometers of electrical lines in regions including New York, Connecticut, Maine, and Massachusetts, with an installed capacity of approximately 10,000 megawatts.
Galán emphasized the significance of the U.S. as a key investment destination for Iberdrola, noting that the company plans to enhance its extensive investment of $50 billion made over the past 20 years with an additional $20 billion aimed at modernizing, expanding, and digitalizing network infrastructure in response to anticipated increases in demand.
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