At World Economic Forum, Iberdrola Chairman Galán Highlights Global Energy Demand, Infrastructure Investment, And €60 Billion Four-Year Expansion Plan

Iberdrola’s Executive Chairman, Ignacio Galán, concluded his participation in the World Economic Forum’s annual meeting in Davos after a series of high-level meetings and panel discussions with business leaders and international policymakers. His engagement underscored Iberdrola’s role as one of the leading global companies in energy and electricity infrastructure. During the forum, Galán focused on key economic and geopolitical issues, including the rising global demand for electricity, the importance of strengthening energy networks, and the role of energy in economic competitiveness and security.

He met with representatives from Qatar, exchanging views on opportunities for economic and energy cooperation, and held discussions with the Prime Minister of Qatar and the CEO of the Qatar Investment Authority. He also engaged with international figures such as Tony Blair, chairman of JP Morgan’s International Council, exploring the challenges associated with the global transformation of energy systems.

Galán’s agenda extended to European forums, including meetings with European Commission President Ursula von der Leyen, as well as high-level discussions with officials from the United States, including Secretary of Energy Chris Wright. These discussions took place in the context of Iberdrola’s ongoing investment expansion in electricity infrastructure across North America. He also met with members of the Spanish government, including Carlos Cuerpo, Minister of Economy, Trade and Business, representing Spain’s institutional presence at the forum.

In addition to bilateral meetings, Galán participated in panel discussions and multilateral gatherings with business leaders and representatives of international organizations. Topics included electrifying the economy, ensuring regulatory stability, and attracting large-scale investment, all of which are central to Iberdrola’s global strategy. These engagements strengthened the company’s presence in Davos, positioning it as a key voice in the global energy debate and an active participant in forums that bring together top political and economic leaders.

In his interventions, Galán highlighted Iberdrola’s long-term vision and ambition. He stated, “To do important things, you need ambition, vision and capability. I believe we are in the right industry at the right time, and we have demonstrated throughout our 125 years that we are capable of achieving the goals we set out for ourselves.” He framed his remarks within the company’s 125-year history of leadership and innovation, emphasizing the strategic decision made over twenty years ago to invest heavily in networks, renewable energy, and storage.

These investments have enabled Iberdrola to grow more than tenfold, making it the largest electricity company in Europe by market capitalisation and one of the two largest globally, with a market value exceeding €125 billion. Looking ahead, Galán noted that Iberdrola has planned nearly €60 billion in investments over the next four years, with more than two-thirds dedicated to electricity grid development. He stressed that the success of these projects depends on stable, predictable, and incentivizing regulatory frameworks, which are essential to ensure that the company can continue delivering sustainable growth and meeting global energy challenges.