Energy & Science
Iberdrola Plans $88 Billion of Investment in Energy Transition
- Spanish utility wants to triple renewable energy capacity
- CEO Ignacio Galan says world needs power to meet climate goal
Source: Iberdrola SA
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Iberdrola SA will invest 75 billion euros ($88 billion) through 2025, part of a program to triple its renewable energy capacity by the end of the decade and take advantage of a shift toward cleaner forms of energy.
The Spanish utility’s ambitions builds on a goal to make the company emissions free by the end of the decade in Europe, putting it at the vanguard of energy companies embracing ambitious goals for zeroing out fossil fuel pollution.