Regulatory stability and different governments’ commitment to decarbonization have helped Iberdrola, Europe’s main power company and one of the world’s four largest companies by market capitalization, strengthen its commitment to the United States. group, More than $21.5 billion planned for the 2023-2025 three-year period. Number of employees of AVANGRID, the subsidiary of the group in Americaover 7,500 and produces through company investments and you buy a total of 70,000 jobs in the country.
The combination of grid operations and renewable energy generation is one of the main differentiating features of the company, which is positioned to take full advantage of the energy transition. Headed by Ignacio Galán, the company has invested $9,000 million in the United States over the past three years (2020-2022), exceeding $3,000 million in 2021 alone.
In its electricity transmission and distribution network activities, it makes modernization and digitalization investments in order to increase service quality and resistance to extreme weather events and to integrate cleaner energies into the system. Moreover, It is the country’s third largest renewable energy company by installed capacity and leads the development of offshore wind energy.The key vector of the energy transition, with a portfolio of more than 6,000 MW projects. Iberdrola’s installed renewable capacity in the United States is expected to reach approximately 10,000 MW by 2025, with a growth of 70% in ten years.
In less than two decades, Iberdrola has grown into one of the largest conglomerates in the North American electrical industry. It has been listed on the New York Stock Exchange since 2015.
On September 13, 2022, Iberdrola and AVANGRID were invited to the White House event to approve the Inflation Reduction Act, a historic law to support renewable energy and combat climate change in the United States.
Source: Informacion
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