Iberdrola is confident that the measures blazoned by the Commission will strengthen the Energy Union and accelerate investments in electrification

Iberdrola is confident that the measures blazoned by the Commission will strengthen the Energy Union and accelerate investments in electrification

The company is poised to support its leadership part by accelerating the deployment of new renewable capacity; adding interconnections and grids; and maximising storehouse capacity
• In doing so, it reaffirms its intention to contribute to security of force, energy tone- adequacy and the decarbonisation of the European Union, offering competitive prices for consumers and creating wealth and employmentThe European Commission’s Communication on energy prices is a positive step towards diving the current extremity and incentivising the investments demanded to achieve a more secure and tone-sufficient energy system in Europe, as well as continuing to lead the way towards climate impartiality. Iberdrola is confident that the nonsupervisory developments performing from this communication will also serve to strengthen the Energy Union in the short, medium and long term. Iberdrola has maintained for further than 20 times that a true Energy Union is the key to achieving ambitious climate targets, creating growth and quality jobs, as well as offering competitive energy prices toconsumers.The irruption of Ukraine, which we all condemn, emphasises further than ever the significance of Europe’s energy security and tone- adequacy, a thing that’s completely compatible with decarbonisation. As the Commission communication points out, both can be achieved by accelerating the deployment of new renewable capacity; adding electricity interconnections and grids to enable electrification; and maximising energy storehousecapacity.Iberdrola is ready to take a commanding part in this process, as the company’s president, Ignacio Sánchez Galán, has stated in colorful transnationalforums.To this end, it’s essential to have stable long- term fabrics and to remove any obstacles or backups to the deployment of clean energy investments, leading to a cleanser, cheaper and further secure electricity force for the benefit of citizens in all regions of Europe.