Iberdrola Plans €6 Billion Investment in Spain’s Electricity Networks by 2030
Iberdrola has brought together nearly 300 representatives from its major supplier and contractor companies to discuss its upcoming investment plans for electricity networks in Spain. The meeting, held at the company’s Training and Innovation Campus in San Agustín de Guadalix, focused on coordinating the resources, industrial capabilities and supply chain requirements needed to deliver a significant expansion of electricity infrastructure between 2027 and 2030.
The company plans to double its investment in electricity networks in Spain to €6 billion over the four-year period, supporting the development and modernisation of essential infrastructure. The investment is intended to respond to increasing electricity demand and facilitate the electrification of residential properties, commercial facilities and industrial operations. Iberdrola also plans to allocate €1.2 billion to electricity networks in Spain during 2027 alone.
The gathering was organised under the slogan “Driving electrification together” and provided an opportunity for Iberdrola to communicate its growth strategy directly to the companies that form an important part of its supply chain. Representatives discussed how to prepare for the expected increase in activity and identify the production capacity, technical resources, workforce requirements and materials needed to support the investment programme.
The discussions also addressed engineering capabilities and the availability of skilled professionals. As electricity infrastructure projects become increasingly important to the energy transition, ensuring that suppliers can meet project schedules and technical requirements will be essential to maintaining the pace of development.
By involving suppliers and contractors at an early stage, Iberdrola aims to establish a coordinated approach to implementing its investment plans. The company recognises that expanding electricity networks requires more than financial resources. It also depends on the availability of specialised equipment, manufacturing facilities, qualified personnel and reliable industrial partners capable of delivering infrastructure projects efficiently.
The new investment cycle is expected to create opportunities across Spain’s industrial ecosystem. Its implementation will involve hundreds of companies operating in different areas of the electricity network supply chain, potentially strengthening existing industrial capabilities while encouraging the development of new services, technologies and production capacity.
The programme is also expected to generate economic activity and employment in different regions of the country. As investment increases, companies involved in manufacturing electrical equipment, engineering, construction, installation and infrastructure maintenance could benefit from additional business opportunities. The expansion of these activities is expected to support industrial development and contribute to job creation.
Iberdrola’s Executive Chairman, Ignacio Galán, opened the event and highlighted the importance of electrification as a driver of industrial growth and employment in Spain. He emphasised that the expansion of electricity infrastructure represents an important opportunity for the country, particularly as electricity becomes increasingly central to economic activity and industrial competitiveness.
Galán explained that a new period of growth is beginning and that the investment opportunities associated with electrification are expected to continue for many years. He stressed that delivering major infrastructure programmes requires close cooperation between electricity companies and their suppliers.
“A new growth cycle is beginning, one that will last for many years,” Galán said, highlighting the importance of preparing the industrial supply chain to respond to the expected increase in demand.
He also underlined that large-scale investment programmes can only be implemented successfully when supported by a strong, capable and well-prepared network of suppliers. According to Galán, companies across the electricity sector must have the necessary financial strength, technical expertise and operational resources to meet the requirements of the industry’s expansion.
In this context, he reiterated the need for electricity companies with sufficient critical mass and financial capacity to undertake large infrastructure investments. He also highlighted the importance of working with suppliers that are reliable, competitive and innovative, with the ability to deliver the equipment and services required for the projects.
Galán’s remarks reflected Iberdrola’s emphasis on maintaining long-term relationships with its industrial partners. The company considers cooperation with suppliers an important factor in ensuring the availability of essential components and services as electricity network investment increases.
He concluded his address by reaffirming the company’s commitment to its supply chain and the importance of maintaining a mutually supportive relationship. “We are counting on you, and you know that you can count on Iberdrola,” he said.
Several major industrial and technology companies participated in the meeting, representing different segments of the electricity infrastructure supply chain. Among the principal partner companies attending were ABB, Arteche, Eiffage, Elecnor, Faramax, General Electric, Ingeteam, Ormazabal, Hitachi, Siemens and Schneider.
The participation of these companies provided an opportunity to discuss the industrial requirements associated with Iberdrola’s planned expansion. Their activities cover important areas of electricity infrastructure, including electrical equipment, engineering, technology, manufacturing and network-related services.
The meeting was also attended by Iberdrola’s Director of Procurement, Ignacio Sánchez-Galán, and i-DE Chief Executive Officer Eva Mancera. Their participation highlighted the importance of procurement and electricity distribution operations in preparing for the company’s next investment cycle.
Iberdrola has established extensive relationships with suppliers and contractors through its international operations. The company reports annual procurement spending of approximately €14 billion worldwide, including more than €2.5 billion in Spain. This purchasing activity supports a substantial industrial and employment network across the markets in which the company operates.
According to Iberdrola, its global procurement activities help support nearly half a million jobs worldwide. In Spain, the company’s purchasing activity contributes to approximately 120,000 jobs, demonstrating the economic importance of its relationships with local suppliers and industrial partners.
The planned increase in electricity network investment is expected to further strengthen these relationships and create additional opportunities for companies involved in the energy infrastructure sector. By doubling its investment in Spanish electricity networks, Iberdrola intends to expand the infrastructure needed to accommodate rising electricity consumption and support the country’s electrification objectives.
The company’s engagement with nearly 300 suppliers represents an important preparatory step towards implementing the €6 billion investment programme. Coordinating production capacity, materials, engineering resources and skilled labour ahead of the investment period will be essential to supporting project delivery.
Through closer cooperation with its industrial partners, Iberdrola aims to strengthen the supply chain while contributing to Spain’s industrial development. The investment programme will place electricity networks at the centre of its growth strategy for the 2027–2030 period, with suppliers and contractors playing a central role in delivering the planned infrastructure expansion.
Source Link: https://www.iberdrola.com/
