Iberdrola, the Spanish energy group driving the global shift toward cleaner power, is advancing its international leadership with a substantial investment plan. The company intends to deploy between 2,000 and 3,000 million euros in new projects and aims to add 4,000 MW of capacity in the coming years. A previous commitment in Australia totals 2,000 million euros, reinforcing Iberdrola’s strategy to expand renewable generation across continents.
The announcement was revealed during a business tour led by the group’s president, Ignacio Galán. During the visit, he met with energy policy leaders and toured the renewable assets already operated by Iberdrola in the region. The discussions underscored the company’s intent to accelerate Australia’s transition to green electricity and to grow the share of renewables in the national mix (Iberdrola press materials).
“Australia stands out as a pivotal market for Iberdrola because of its strong wind and solar resources, combined with rapid technological development,” the company stated. “The goal is to drive a green-economy core, increasing electricity production from renewable sources, which currently accounts for about a third of the nation’s generation” (Iberdrola press materials).
As part of the visit, the president met with Victoria’s premier, Daniel Andrews, and the Minister of Energy, Environment, Climate Action and Solar Homes, Lilly D’Ambrosio. In the afternoon, he also connected with the staff at Iberdrola’s Melbourne office (Iberdrola press materials).
Australia, a growing market
The Australian electricity landscape is undergoing a major shift from a centralized system built around large fossil-fuel plants to a decentralized framework dominated by wind and solar. This transition presents a significant challenge—yet it also opens up substantial opportunities for businesses to manage costs more effectively and to capture new growth avenues (industry analyses).
Accelerating the transition means upgrading transmission and distribution networks and reducing the cost of storage technologies. This stack of improvements supports a higher share of renewables while maintaining reliability and affordability for consumers (industry analyses).
Robust residential demand, combined with a broad portfolio of renewable energy projects, storage initiatives, solar technologies, and battery systems, positions Iberdrola to sustain growth in renewables. The key levers for expanding capacity include grid upgrades, better transmission planning, and lower storage costs (industry analyses).
Beyond wind and solar, opportunities are emerging in green hydrogen, green ammonia, and other green materials, along with offshore wind and storage innovations. These areas could become central to Australia’s decarbonization plan and to the growth of a local green economy (policy and industry commentary).
Iberdrola, leader in Australia
Since acquiring Infigen Energy in 2020, Iberdrola has embedded itself in Australia’s renewable landscape. The company has also committed more than A$1,000 million (about €700 million) to new renewables, including projects like the Avonlie solar park in New South Wales and the Flyers Creek wind project in South Wales, as well as the Port Augusta complex, a major hybrid wind-solar installation in central South Australia—the largest of its kind in the southern hemisphere (Iberdrola press materials).
Recent months have seen Iberdrola secure rights to significant wind and solar assets, including Mount James, a 1,000 MW wind facility, together with 360 MW of solar capacity tied to Wyvern and other partners. The acquisition of Smart Solutions, a provider offering specialized energy products for business customers, further strengthens Iberdrola’s portfolio. Collectively, these moves create a mature 2 GW development pipeline that supports renewable energy as the backbone of the region’s energy transition (Iberdrola press materials).
Today, Iberdrola operates about 1,062 MW of renewable capacity across wind, solar, and batteries, with two more projects totaling 391 MW under construction and slated for commissioning in the near term. Central to all initiatives is a customer-centered approach: delivering reliable, affordable green energy while supporting industrial clients that include major brands in mining and retail (Iberdrola press materials).
Earlier in the year, Iberdrola launched its grid business in Australia to help expand transmission and modernize electricity networks. The effort aligns with government strategies that support foreign investment, renewable generation, and new transmission capacity, helping to unlock wind and solar resources and route power to coastal population centers (policy analyses).