Iberdrola to invest over $20 B in US grid infrastructure by 2030
Ignacio Galán presents plans to invest over $20 B in the US grid infrastructure by 2030.
Image for illustration purposes
USA: The Executive Chairman of Iberdrola, Ignacio Galán, announced that the United States remain a key investment focus, with plans to invest an additional $20 B by the end of the decade.
This builds on the $50 B already invested over the past 20 years to modernise, expand, and digitalise the country’s grid infrastructure.
These investments could be increased through generation projects.
Ignacio Galán is taking part this week in the CERAWeek Conference organised by S&P Global in Houston, Texas from 10 March to Friday 14. During his meetings with the top energy policy makers in the United States, Galán expressed his commitment to the country, where significant growth in electricity demand is expected.
After 20 years in the United States, Iberdrola has assets worth $50 B in 24 states, employs more than 9,000 people in the country, and supports a total of 70,000 jobs through its purchases. Eighty percent of Iberdrola’s business in the US is electricity grids. The company currently operates more than 170,000 km of power lines in the states of New York, Connecticut and Maine, among others. Iberdrola has an installed capacity of around 10,000 MW.
Source: Iberdrola
#digitalisation#grid infrastructure#Iberdrola#Ignacio Galán#modernisation#USA
