Iberdrola Plans £12 Billion UK Investment

Iberdrola, Spain's largest power company, plans to invest up to £12 billion ($15.66 billion) in its UK division, Scottish Power, over the next four years, effectively doubling its commitment. This investment coincides with the UK Labour government's push for foreign investment as it marks its first 100 days in office, culminating in a global investment summit on October 14. A significant portion of this funding will enhance power transmission and distribution networks, supporting the UK's renewable energy goals. Iberdrola's strategy aligns with broader trends in sustainable investing, indicating a strong move towards cleaner energy amid increasing geopolitical pressures. The announcement comes as Iberdrola continues its commitment to innovation in energy through initiatives like Startup Olé and investment in renewable projects in other countries, including Mexico. Overall, the investment signifies both a pivotal moment for Iberdrola's growth in the UK and a potential catalyst for increased international investor interest in the UK's energy sector.