Details of Iberdrola investment plan and profit expectations leaked
Iberdrola executive chair Ignacio Galan has been telling investors for years why he favours a capex mix of renewable generation and networks
The Bilbao-based power company will unveil its new business plan at a Capital Markets Day event to be held in London on Wednesday.
Earnings will keep rising and are expected to hit €7.3bn in 2028, the report said.
Investments cited for the 2025-2028 period were described as gross capital expenditure, including partners' allocations in joint venture projects, but the broad target of €50bn-€55bn suggested a significant increase from the previous plan of 2024-2026.
Iberdrola's business strategy puts a strong emphasis on distributing capital expenditure between power generation and networks.
The company's core markets are the US, the UK, Spain and Brazil.
In the previous plan, between 50% and 60% of Iberdrola's investments were allocated toward electricity networks.
In the US, this strategy has helped reduce Iberdrola's exposure to the anti-wind measures and anti-renewables rhetoric of the Trump administration in comparison to other European companies invested in renewable energy there.