Iberdrola to invest €24 billion in 2016-2020
Iberdrola is to invest €24 billion (US$26.4 billion) in 2016-2020, according to the new Outlook presented on 24 February by the company.
Some €22 billion, over 90% of planned investments, will be allocated to projects to which it has already committed, out of which 60% are under construction. Also, €17 billion, 70% of total, will be on initiatives focusing on growth.
Iberdrola will continue to focus on regulated areas that provide stable, predictable and long-term earnings. Thus, 88% of the €24 billion total investment will be allocated to regulated activities or long-term contracts: 46% to Networks, 33% to Renewables and 9% to Regulated Generation. The remaining 12% will be invested in Generation and Retail.
By currency, the company will continue diversifying its business and boosting the process of internationalisation began more than a decade ago now. 43% of planned investments will be made in US dollars, 35% in GB pounds, 20% in euros and the remaining 2% in other currencies, providing geographical balance to results.
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