Iberdrola plans €58 billion investment to boost growth by 2028
Iberdrola plans to invest EUR58bn ($61.83bn) by 2028, targeting a net profit of EUR7.6bn ($8.10bn), focusing on power grids and key markets such as the United Kingdom and the United States.
| Sectors | Power Grids, Distribution |
|---|---|
| Themes | Investments & Transactions, Corporate Investment |
| Companies | Iberdrola |
| Countries | Australia, Brazil, Spain, United Kingdom, United States |
Spanish energy group Iberdrola has announced a new strategic plan including EUR58bn ($61.83bn) in investments by 2028. The company aims to achieve a net profit of EUR7.6bn ($8.10bn) by that date, compared with EUR5.61bn ($5.97bn) in 2024. It also expects to distribute nearly EUR20bn ($21.32bn) in dividends between 2024 and 2028.
Focus on grids and profitable markets
Iberdrola plans to concentrate efforts on power grids, identified as a central growth driver. Out of the EUR58bn planned, EUR20bn ($21.32bn) will be allocated to the United Kingdom, EUR16bn ($17.06bn) to the United States, EUR9bn ($9.59bn) to the Iberian Peninsula, EUR7bn ($7.46bn) to Brazil, and EUR5bn ($5.33bn) across the European Union and Australia.
This programme aligns with an earlier plan to invest EUR55bn ($58.67bn) between 2026 and 2031. The company has committed to concentrate on geographies deemed more profitable, in response to regulatory volatility and competitive pressures.
Employment outlook and asset sales
Alongside this expansion plan, Iberdrola expects to hire more than 15,000 people, adding to its current 42,000 employees. The increase in workforce will support infrastructure development and operational capacity in target markets.
The group also reported a 14% drop in net profit in the first half of 2025, to EUR3.56bn ($3.79bn), due to an accounting effect linked to the sale of 13 power plants in Mexico. The transaction was completed with the Mexican state after months of negotiations. Despite this decline, second-quarter profit reached EUR1.56bn ($1.66bn), exceeding analysts’ average forecasts.
Extended strategic path beyond 2028
Looking beyond 2028, Iberdrola now expects more than EUR45bn ($47.91bn) in additional investments between 2029 and 2031. This long-term approach points to a focus on stabilising revenue flows through transmission and distribution infrastructure.
The company’s financial results and geographic repositioning illustrate a strategy centred on consolidating growth by concentrating resources on its most profitable segments.
