SUBSCRIBE
PROFILE

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.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

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.

  • Popular on energynews.pro
Hut 8 sells 310 MW gas-fired portfolio to TransAlta after asset optimisation
CRR acquires 53 km of oilfield road infrastructure from Islander in Alberta
Vattenfall sells its UK distribution network to Eclipse Power
Baghdad seeks to preserve oil production despite sanctions targeting Lukoil
Air Liquide launches ammonia cracking unit to produce hydrogen
Certified 3D-printed parts for oil and gas enabled by secure remote production
Four companies completed a global series of secure remote additive manufacturing to locally produce certified parts for the oil and gas industry, marking a key industrial milestone for supply chain resilience.
BW Offshore and BW Group launch BW Elara for floating freshwater production
BW Offshore and BW Group create BW Elara, a joint venture for floating desalination units, combining offshore engineering and water treatment to meet urgent freshwater needs.
Frontera splits operations to unlock asset value in Colombia
Frontera Energy will separate its oil and infrastructure operations in Colombia to create two independent entities with distinct strategies, with completion expected in the first half of 2026.
TotalEnergies commits $100mn with Climate Investment to support OGDC
TotalEnergies injects $100mn into Climate Investment’s Venture Strategy fund to accelerate the adoption of emissions reduction technologies within the oil industry under the OGDC framework.
Washington strengthens its support for Standard Lithium in Arkansas DLE project
Standard Lithium receives growing institutional backing in the United States to develop direct lithium extraction in Arkansas, a strategic area where the company positions itself against Exxon Mobil.
SBM Offshore raises 2025 forecast after 26% revenue surge
SBM Offshore reports year-to-date Directional revenue of $3.6bn, driven by Turnkey performance and the addition of three new FPSOs to its global fleet.
European Union prepares quotas to mandate locally produced low-carbon steel in public procurement
The European Commission is developing a scheme mandating a minimum share of EU-made low-carbon steel in public procurement, alongside a post-safeguard trade regime and targeted energy support to sustain the continental steel industry.
Sunsure Energy signs 19.36 MW hybrid solar-wind agreement with Deepak Fertilisers
Sunsure Energy will supply Deepak Fertilisers with 19.36 MW of hybrid solar and wind power, delivering 55 mn units of electricity annually to its industrial facility in Raigad, Maharashtra.
IonQ partners with University of Chicago to build next-generation quantum platform
IonQ will deploy a quantum computer and entanglement distribution network at the University of Chicago, strengthening its technological presence within the Chicago Quantum Exchange and accelerating its product roadmap.
VoltaGrid raises $5.0bn to deploy 4.3 GW of capacity by 2028
Texas-based energy solutions provider VoltaGrid secures record mixed financing to expand its decentralised power generation portfolio, primarily targeting hyperscale data centres.
IMCC and Maridive launch One Marine to capture offshore services demand
Kuwait's IMCC and Egypt's Maridive have formalised a joint venture based in Abu Dhabi to expand integrated offshore marine operations regionally and internationally.
Chevron strengthens post-Hess strategy and reassures markets on growth
In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.
Electricity shortage threatens AI ambitions of American tech giants
Facing surging computing needs, US tech leaders are hitting an energy wall that slows down data centre construction and revives demand for gas and coal.
NextNRG posts 196% revenue growth in October
NextNRG's monthly revenue reached $7.39mn in October, more than doubling year-over-year, driven by the expansion of its technology platforms and energy services across the United States.
Enbridge commits $3bn to new projects while maintaining 2025 guidance
The Canadian group posted record Q3 EBITDA, sanctioned $3bn worth of projects, and confirmed its full-year financial outlook despite a drop in net income.
OMS Energy turns to AI and robotics to capture global pipeline inspection market
OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.
Duke Energy expected to post Q3 growth driven by demand and revised rates
Duke Energy is set to release its third-quarter results on November 7, with earnings forecasts pointing upward, supported by strong electricity demand, new rate structures and infrastructure investments.
Engie maintains its 2025 targets despite pressure on energy prices
Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.
Creekstone Energy raises funds for 10 GW AI energy campus in Utah
The funding round led by Trident Ridge and Pelion Ventures will allow Creekstone Energy to launch construction of its hybrid-generation site designed for AI-optimised data centres.
Air Products posts $394mn net loss in 2025 and streamlines energy project portfolio
The US group reported a $877mn operating loss for fiscal year 2025, impacted by $3.7bn in charges related to project exits and restructuring.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.