Iberdrola launches €75 billion investment plan to 2025 as a firm commitment to economic recovery

GO ECO GREEN21

ENERGIA LIMPIA XXI. Iberdrola launches a historic investment plan worth €75 billion euros for the period 2020-2025, with the aim of anticipating and taking advantage of the opportunities created by the energy revolution facing the world’s major economies. 90% of this investment volume – €68 billion – will be organic and will be aimed at consolidating its business model, based on more renewable energy, more networks, more storage and more intelligent solutions for its customers.

The group expects to obtain a gross operating profit (EBITDA) of €15 billion by 2025, which means an increase of €5 billion from 2019, with average annual growth of 7%. Net profit would amount to €5 billion, after growing annually by between 6% and 7% during the period.The presentation of the outlook to 2025 has been used to review upwards the group’s outlook for 2022, despite the COVID-19 context. Thus, net profit in 2022 will…

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