- Iberdrola will invest €1.3 billion in Basque electricity networks by 2028.
- The total economic impact in the Basque Country will reach €12 billion by 2028.
- Iberdrola's Basque shareholders' investment value increased by €2 billion to over €7 billion.
- Iberdrola's global investment plan for 2025-2028 is €58 billion.
Investment in Basque Country
Iberdrola plans to increase its investment in the Basque Country by 50% during 2025-2028, focusing primarily on electricity networks. This will bring the total investment to €1.3 billion, aimed at integrating new industrial and residential demand and enhancing digitalization in the region.
Economic Impact
The overall economic impact of Iberdrola's activities in the Basque Country, including purchases from local companies, tax contributions, salaries, and dividends to Basque shareholders, is expected to reach €12 billion by 2028.
Shareholder Value
The value of savings for the 60,000 Basque shareholders invested in Iberdrola shares has increased by more than €2 billion over the past year, now totaling over €7 billion.
Global Investment Plan
In September, Iberdrola announced its largest investment plan to date, totaling €58 billion for 2025-2028. This plan focuses on regulated businesses in countries with stable and attractive frameworks, with €37 billion allocated to Networks and €21 billion to Renewables and Customers.
