Iberdrola to invest over €10 billion a year to meet EU Decarbonisation Challenges
At the 2020 World Economic Forum Annual Meeting in Davos, Iberdrola reiterated its commitment to the European Union's Green Deal goal of achieving “net zero-carbon emissions” by 2050.
In a recent interview with El Economista, Iberdrola’s Group Chairman Ignacio Galán said; “Climate neutrality is possible if we all do our bit and move in the same direction”. It will require heavy investment and “that is why it is essential to mobilise all the participants involved in the planned investments”.
To stay competitive and to meet the European Union's decarbonisation objectives, Galan confirmed that Iberdrola will step up the pace of growth in networks, renewables and storage.