SUBSCRIBE
PROFILE

Iberdrola Unveils £12 Billion Investment Plan in the UK

Iberdrola, commits £12 billion to the UK's electricity grid and renewable energies, marking a decisive step towards decarbonization and energy security.

Share:

Iberdrola Investissement Énergétique Majeur

Gain full professional access to energynews.pro from 4.90€/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90€/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90€/month

*Special launch offer: 1st month at the indicated price, then 14.90 €/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99€/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99€/year

*Introductory annual price for year one, automatically renewed at 149.00 €/year from the second year.

Sign up for free to unlock this article

Iberdrola has reaffirmed its commitment to the UK. With the announcement of a substantial £12 billion investment plan for the period 2024-2028, Iberdrola is positioning itself as a key player in the country’s energy transition. However, this initiative comes at a time when the UK is seeking to strengthen its energy security and meet its ambitious decarbonization targets.

A history of investment and innovation

Over the past 15 years, Iberdrola has injected nearly £30 billion into the UK’s electricity grid and renewable energy generation capacity. Its subsidiary ScottishPower was the first integrated company in the country to produce 100% green electricity. In addition, this investment path has been accentuated by the recent announcement, underlining Iberdrola’s commitment to sustainable development and energy security.

Details of the Investment Plan

The £12 billion investment plan for 2024-2028 focuses mainly on power grids and renewables. Two-thirds of these investments will be allocated to transmission and distribution networks, encouraged by current regulatory provisions (RIIO T2 and RIIO ED2). Innovative projects such as the recently approved £2.7 billion Eastern Green Link 1 (EGL1) submarine transmission cable are also planned. Once completed, the project will have the capacity to supply clean renewable energy to around 2 million homes, and strengthen the resilience of the UK’s transmission network.

Projects for the future and innovation

Iberdrola also continues to invest in offshore wind energy projects such as East Anglia 3, as well as onshore wind and solar projects, energy sales and green hydrogen. However, these initiatives could intensify with the exploration of new offshore wind energy opportunities such as East Anglia 1 North and East Anglia 2, ready for the next auctions.

Iberdrola’s announcement to invest £12 billion in the UK between 2024 and 2028 is part of a wider trend of investment in clean and renewable energy. Indeed, this not only demonstrates the company’s commitment to the energy transition, but also offers a promising vision for the future of energy security and carbon reduction in the UK.

  • Popular on energynews.pro
Ecoener commissions Guatemala’s largest solar plant with 74.7 MWp
Coal India launches 5 GW of solar and wind projects across the country
Zefiro completes carbon credit delivery to EDF Trading for 92,956 tonnes of CO2
Orazul Energy launches cash tender offer for its 2027 notes
Iraq in talks with ExxonMobil for refining capacities in Asia
Anglo American and Teck merge to form copper giant in zero-premium deal
The announced merger between Anglo American and Teck forms Anglo Teck, a new copper-focused leader structured for growth, with a no-premium share structure and a $4.5bn special dividend.
Voltalia unveils SPRING, a strategic plan to restore profitability by 2026
Voltalia launches a transformation programme targeting a return to profit from 2026, built on a refocus of activities, a new operating structure and self-financed growth of 300 to 400 MW per year.
Ineos pulls capital from the UK and commits £3bn investments in the US
Ineos Energy ends all projects in the UK, citing unstable taxation and soaring energy costs, and redirects its investments to the US, where the company has just allocated £3bn to new assets.
Eskom rules out summer load shedding with 4000 MW added capacity
Eskom forecasts a load-shedding-free summer after covering 97% of winter demand, supported by 4000 MW added capacity and reduced operating expenses.
GE cuts 600 energy jobs in Europe, including 120 in France
GE Vernova will cut 600 jobs in Europe, with the Belfort gas turbine site in France particularly affected, amid financial growth and strategic reorganisation.
SOLV Energy strengthens infrastructure capabilities with two strategic acquisitions
SOLV Energy expands its nationwide services in the United States with the acquisitions of Spartan Infrastructure and SDI Services, consolidating its presence across all independent power markets.
Plural raises $7.13mn to fund decentralised energy assets
Tokenised asset platform Plural secures $7.13mn to accelerate financing of distributed infrastructure including solar, storage, and data centres.
Santander injects funds into Corinex to accelerate power grid digitalisation
Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Industrial control transformer market to reach $1.48bn by 2030
Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.
Italy faces ten-year delay on EU climate targets
A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
Dr Sultan Al Jaber wins ICIS CEO of the Year 2025 award for strategic performance
ADNOC Group CEO Dr Sultan Al Jaber has been named 2025 CEO of the Year by his global chemical industry peers, recognising his role in the company’s industrial expansion and international investments.
OX2 appoints Matthias Taft as new CEO after Paul Stormoen’s departure
Swedish renewable energy developer OX2 has appointed Matthias Taft as its new chief executive officer, succeeding Paul Stormoen, who led the company since 2011 and will now join the board of directors.
Global renewable energy investments reach $386 billion in first half
Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.
Australian Oilseeds granted a reprieve from Nasdaq to meet equity threshold
Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.
Fermi America raises $350mn for its energy project dedicated to artificial intelligence
Fermi America has closed $350mn in financing led by Macquarie to accelerate the development of its HyperGrid™ energy campus, focused on artificial intelligence and high-performance data applications.
Soluna crosses one gigawatt milestone with two new data centres in Texas
Soluna Holdings launched two energy projects in Texas, reaching one gigawatt of cumulative capacity for its data centres, marking a new stage in the development of computing infrastructure powered by renewable energy.
Martijn Hagens to lead Eneco from March 2026
Eneco’s Supervisory Board has appointed Martijn Hagens as the next Chief Executive Officer. He will succeed interim CEO Kees Jan Rameau, effective from 1 March 2026.
Data centres in Japan to drive 60% of electricity demand growth by 2034
With $28 billion in planned investments, hyperscaler expansion in Japan reshapes grid planning amid rising tensions between digital growth and infrastructure capacity.
Ørsted suffers historic drop and closes at around 26 USD after offshore project suspension
The suspension of the Revolution Wind farm triggers a sharp decline in Ørsted’s stock, now trading at around 26 USD, increasing the financial stakes for the group amid a capital increase.
Hydro-Québec increases net income and intensifies investments
Hydro-Québec reports net income of C$2.3 billion in the first half of 2025, up more than 20%, driven by a harsh winter and an effective arbitrage strategy on external markets.

Log in to read this article

You'll also have access to a selection of our best content.