- Iberdrola plans to invest £24bn in the UK by 2028.
- Iberdrola has invested over £35bn in the UK over the past 20 years.
- The UK Government's Clean Power 2030 Action Plan is supported.
- Key companies involved include Santander, Telefónica, BP, Barclays, and AstraZeneca.
Investment Plans
Ignacio Galán, Executive Chairman of Iberdrola, announced plans to more than double the company's investments in the UK to £24 billion by 2028. This decision is driven by the UK's stable regulatory environment and plans to reform planning and electrify the economy.
Past Investments
Over the past 20 years, Iberdrola has invested more than £35 billion in the UK, focusing on transmission and distribution networks and renewable energy generation.
Regulatory Environment
Galán highlighted the UK's traditions of rule of law and regulatory stability, as well as the government's commitment to coherence and dialogue. He expressed support for the UK's Clean Power 2030 Action Plan and its planning reforms.
Bilateral Cooperation
Galán emphasized the importance of the UK-EU Agreement signed in May 2025, advocating for closer cooperation on electrification and energy security to benefit consumers and industries through lower energy costs and reduced emissions.
Roundtable Participants
The UK-Spain Business Roundtable included Spain's Prime Minister and Economy Minister, along with executives from companies such as Santander, Telefónica, BP, Barclays, and AstraZeneca.
