IBERDROLA STRATEGIC
PLAN 2023-2025
A record investment for a secure and sustainable energy future
At Iberdrola, we work with the purpose of building a healthy and accessible electrical energy model, based on the well-being of people and the preservation of the planet. The global crisis that arose in 2022 reaffirms our long-term vision and confirms the need for strong investment to end dependence on fossil fuels, which still cover 75% of energy demand in 2022. For this reason, the Iberdrola Strategic Plan 2023-2025 commits €47 billion to drive the energy transition through its various axes.
Strategic Plan 2023-2025 in figures
47,000
M€ total
27,000
€M investment in networks
17,000
€M investment in renewables
0
Net Zero in scopes 1, 2 and 3 before 2040
12,000
New hires
420
€M/year Investment in R&D
65-75
% pay-out of earning per share
80
% investments allocated to A-rated countries
A commitment to financial strength
Our roadmap between 2023 and 2025 looks to the future with optimism and commitment. We are advancing our global growth with a record investment plan based on the construction of more electricity grids and selective growth in renewables, accompanied by a commitment to new value-added solutions: the pillars to accelerate the electrification of all territories and sectors, including transport, industry and buildings.
The €47 billion plan increases our earnings forecast and financial strength to 2025 and maintains our 2030 outlook, based on our performance model of recent years. Growth supported by organic investments in all markets, of which 80% will be in A-rated countries, with clear and stable regulatory frameworks and ambitious electrification targets.
By the end of the decade, we expect to exceed €65 billion in network assets and 100,000 MW of installed capacity (more than 80% of it renewable), thanks to new investments of between 65 and 75 billion between 2026 and 2030. An investment effort that we feel responsible for in order to promote a safe, clean and competitive energy system that allows us to curb greenhouse gas emissions and climate change.
"The record global investment plans we have set out today will help us to bring more self-sufficiency and resilience against potential energy shocks in the countries where we operate, by reducing their dependency on oil and gas and by continuing their path to Net Zero".
Ignacio Galán
Iberdrola's Executive Chairman
Ten keys to building the energy of the future
We are committed to moving forward and preserving the planet.
Smart grids for a decarbonised world
In order to support renewable energy development, it is not enough just to increase our installed capacity: smart grids are essential for our clean energy to reach consumers safely and efficiently in any country in the world. That is why our Plan devotes €27 billion to this area.
Offshore wind, key to our future growth
Almost half of the amount that our Strategic Plan dedicates to growth in the area of renewables (€17 billion) is focused on offshore wind projects in France, Germany, the United Kingdom and the United States. The next most important technologies are onshore wind (25% of investment) and photovoltaic (24%).
Environmental, social and governance factors
All our investments underpin our contribution to sustainable development and are fully integrated with the ESG+F objectives, our sustainability roadmap to 2030. This makes us today one of the private sector companies with the most ambitious environmental targets: carbon neutrality and net positive impact on nature.
Smart grids for a decarbonised world
In order to support renewable energy development, it is not enough just to increase our installed capacity: smart grids are essential for our clean energy to reach consumers safely and efficiently in any country in the world. That is why our Plan devotes €27 billion to this area.
Offshore wind, key to our future growth
Almost half of the amount that our Strategic Plan dedicates to growth in the area of renewables (€17 billion) is focused on offshore wind projects in France, Germany, the United Kingdom and the United States. The next most important technologies are onshore wind (25% of investment) and photovoltaic (24%).
Environmental, social and governance factors
All our investments underpin our contribution to sustainable development and are fully integrated with the ESG+F objectives, our sustainability roadmap to 2030. This makes us today one of the private sector companies with the most ambitious environmental targets: carbon neutrality and net positive impact on nature.
Solutions to secure the future
At Iberdrola, we want to give added value to our customers, listen to their needs and make them a key player in the energy transition, whether they are residential or business users. For individuals, our proposals focus on solar self-consumption, electric mobility and green air conditioning. For industrial customers, we offer decarbonisation plans through air conditioning or green hydrogen.
We will allocate EUR 3 billion to other green products and clients
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To reach 110,000 recharging points and 125,000 self-consumption installations
Leading green hydrogen production, with a project portfolio of 2,400 MW
Supporting industry on its path towards decarbonisation
We invest in the care of the environment and of people
At Iberdrola, we are very aware of the need for our strategy and operations to always be aligned with environmental, social and governance (ESG+F) factors for socially responsible management.
In this way, we know that the €47 billion of the Strategic Plan will also contribute to our aim of making a positive impact on the well-being of people and the preservation of the planet. Some of our most important goals are:
Environment (E): To be carbon neutral by 2040 in Scopes 1, 2 and 3.
Social (S): Generate 12,000 new hires by 2025 and support 500,000 jobs for our suppliers.
Governance (G): Separate the roles of Executive Chairman and CEO.
Finance (+F): Manage more than 80% of our financing under ESG criteria.
Featured documents
Consult here all the documentation published in the presentation of the Iberdrola 2023-2025 Strategic Plan during our last Capital Markets & ESG Day 2022.
Strategic vision
Presentation on the company's strategic vision for the coming years by Iberdrola Chairman Ignacio S. Galán.
Business positioning
Presentation on Iberdrola's 2023-2025 objectives and business prospects by Iberdrola's CEO, Armando Martínez.
Financial management
Presentation on Iberdrola's financial management by CFO José Sáinz Armada.
Leadership in Governance & Compliance
Presentation on Iberdrola's leadership in compliance and governance.
Cybersecurity governance
Presentation on Iberdrola's cybersecurity governance model.