The road ahead for Ignacio and Iberdrola Now in its 125th year, Iberdrola’ s future is filled with opportunities, but it is also peppered with pressures.
Electricity demand in the US is projected to grow by as much as 50 % between 2035 and 2050, driven by data centres, artificial intelligence and industrial electrification.
Iberdrola’ s investments position it to capitalise on this demand growth. The company expects to reach US $ 19.9bn in EBITDA by 2028, with approximately US $ 22bn allocated to dividends between 2024 and 2028.
At 75 years old, Ignacio continues to advocate for accelerated electrification through renewables.
“ We need to accelerate the expansion of electrification through renewables to reduce our dependence on fossil fuels,” he says.“ Tripling renewables by 2030 is feasible and will mobilise investments of US $ 2.4tn a year.”
For an industry grappling with the pace and scale of energy transition, Ignacio’ s quarter-century track record at Iberdrola offers a model to emulate.
Whether this model of massive capital deployment in networks and selective renewable growth proves replicable across the sector remains an open question.
But for now, Iberdrola’ s performance suggests the strategy is resonating with investors and customers in a way that almost no other company can match.
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