Iberdrola targets US$17 billion investment in renewables by 2025, 52GW of installed capacity

Facebook
Twitter
LinkedIn
Reddit
Email
Spanish utility Iberdrola aims to reach 52GW of renewable installed capacity by 2025, of which 6.3GW from solar PV. Image: Iberdrola.

Spanish utility giant Iberdrola targets to invest €17 billion (US$17 billion) in renewables in the next three years and reach 52GW of renewables capacity installed by 2025.

With solar PV accounting for 24% of the investment and an installed capacity share of 6.3GW out of the 52GW between all renewables by 2025.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Within markets with the most investment share, the US will receive the most of the company’s total investment in its energy transition plan of €47 billion by 2025, which also includes €27 billion dedicated to grid networks.

Nearly half of the €47 billion (47%) investment will be for the US market, followed by the UK with 16%, Spain with 13% and Latin America with 11%.

The US recently performed strongly during the company’s Q3 2022 results, along with Brazil, and drove the company’s profits up in the first nine months of 2022.

Other markets such as Australia – where it recently announced up to US$3 billion investment to target a 4GW portfolio – and Europe, with France and Germany primarily, will have Iberdrola’s presence increased with a 13% of total investment into these markets.

Moreover, the growth plan of the Spanish utility will be based in organic investments in all its markets as well as in the transaction in US utility PNM Resources, with a €11 billion investment, according to Ignacio Galán, executive chairman of Iberdrola.

To drive the uptake of renewables deployment, the Spanish giant aims to increase its workforce by hiring 12,000 workers by 2025.

“The record global investment plans we have set out today will help us to bring more self-sufficiency and resilience against potential energy shocks in the countries where we operate, by reducing their dependency on oil and gas and by continuing their path to Net Zero,” said Galán.

During its Capital Markets Day presentation held in London, the company outlined an EBITDA of €16.5-17 billion by 2025, a 8% to 9% annual increase and up from the €12 billion recorded in 2021, which was boosted by its renewables assets energy production.

17 June 2025
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 17-18 June 2025, will be our fourth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2026 and beyond.

Read Next

February 14, 2025
Muswellbrook Shire Council in New South Wales, Australia, has backed a solar module recycling mandate for a 135MW solar PV plant being developed by Swedish solar developer OX2.
February 13, 2025
Australia’s Clean Energy Council said 2024 was the best year for renewable energy investment since 2018, with AU$9 billion committed.
February 11, 2025
A round-up of last week's news from China, including UtmoLight, the Mingyang Smart Energy Group and Leapting.
February 11, 2025
AEMO has said that, at the end of 2024, the connections pipeline for Australia's NEM stood at 49.6GW, up 36% year-on-year.
February 10, 2025
South Australia-based solar PV developer Green Gold Energy has received consent from the South Australian government for a 200MW solar-plus-storage site.
February 6, 2025
Samsung C&T Renewable Energy Australia has submitted a 250MW solar-plus-BESS site in New South Wales to the Australian government’s EPBC Act.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 19, 2025
Tokyo, Japan
Solar Media Events
March 11, 2025
Frankfurt, Germany
Solar Media Events
March 18, 2025
Sydney, Australia