Iberdrola has increased its investment plan for the 2018-2022 period to €34bn, up from €32bn, and expects to invest 40% of the funding package in renewable energy. The utility will also pour 47% into its regulated network business. In a statement, Iberdrola’s chief executive, José Ignacio López de Uralde, said that “renewables are an important part of our energy mix as they provide us with more than half of Iberdrola's British arm, ScottishPower, will invest up to £2bn ($2.6bn) on clean energy in the UK this year, marking the company’s largest ever single-year investment. Iberdrola - which supplies energy to more than 30 million people in countries including Spain, the United States and Britain - kept the dividend floor for 2022 at 0.40 euros per share. The UK subsidiary plans to develop 1 GW in British onshore wind projects by 2025.
Iberdrola has increased its investment plan for the 2018-2022 period to €34bn, up from €32bn, and expects to invest 40% of the funding package in renewable energy. The utility will also pour 47% into its regulated network business. In a statement, Iberdrola’s chief executive, José Ignacio López de Uralde, said that “renewables are an important part of our energy mix as they provide us with more than half of Iberdrola's British arm, ScottishPower, will invest up to £2bn ($2.6bn) on clean energy in the UK this year, marking the company’s largest ever single-year investment. The UK subsidiary plans to develop 1 GW in British onshore wind projects by 2025.