Spanish renewable energy leader Iberdrola has unveiled plans to invest 41 billion euros ($44.83 billion) over the next three years, with a primary focus on enhancing and expanding power grids in the United States. This strategic shift aligns with Iberdrola’s move towards a more selective approach to renewable energy projects, following a trend observed in the sector. By capitalizing on the stable returns offered by grid investments, Iberdrola aims to navigate challenges faced by the renewable sector, such as high interest rates and supply chain disruptions. The company’s investment strategy underscores the crucial role of grid modernization in transitioning towards a cleaner energy landscape.
Iberdrola to Invest $45 Billion, Prioritizing US Grid Upgrades