In An Interview With ElEconomista, Ignacio S. Galán Says Geopolitical And Energy Crisis Has Limited Impact On Iberdrola

In an interview with the Spanish business newspaper ElEconomista, Ignacio S. Galán, Executive Chairman of Iberdrola, spoke about the limited impact that the current geopolitical and energy crisis is having on the company. Galán, who is attending CERAWeek in the United States, one of the world’s leading energy forums, highlighted Iberdrola’s ability to provide competitive, long-term fixed prices. He also stressed the importance of accelerating investment in electricity networks to support Europe’s electrification goals and strengthen the region’s strategic autonomy.

Galán underlined the significant role of Spain in Europe’s competitiveness and energy transition. He argued that removing regulatory and fiscal barriers is crucial to enabling greater investment and expanding electricity infrastructure. According to him, electrification is a key driver for reducing dependence on fossil fuels, improving energy security, boosting industrial activity and economic growth, and creating new employment opportunities.

When discussing Iberdrola’s main growth regions, Galán explained that the company is prioritising investments in the United States and the United Kingdom. Between 2025 and 2028, Iberdrola plans to invest €40 billion across these markets to modernise and expand transmission and distribution networks, as well as advance new renewable energy projects. He also expressed support for extending the operational life of nuclear power stations in Spain due to their role in ensuring a secure and competitive electricity supply.

Galán concluded by noting that Iberdrola is entering a phase of unprecedented expansion, supported by record investment levels and a strong commitment to electrification and technological innovation. The company aims to become the world’s leading electric utility by market capitalisation, while maintaining a growing dividend policy and a solid financial structure. These efforts, he said, reinforce Iberdrola’s leadership in the global energy sector and its ability to create long-term value for both society and its shareholders.