Company Profile: Iberdrola

Iberdrola is a global power utility headquartered in Spain that aims for carbon neutrality in Europe by 2030 and globally by 2050. The company is aggressively expanding its renewable energy capacity, targeting 60 GW by 2025, and investing heavily in smart grids, electric mobility, and green hydrogen. It is a major issuer of green bonds and actively advocates for ambitious global climate policies through partnerships with the UN and the European Union.

• Iberdrola has established science-based targets to reduce absolute scope 1, 2, and 3 greenhouse gas emissions by 43% by 2030, using a 2017 base year. The company aims to achieve carbon neutrality in Europe by 2030 and on a global scale by 2050.
• The company is significantly expanding its renewable energy portfolio, with 62% of its 52,082 MW installed capacity being renewable as of year-end 2019. It targets 60 GW of installed capacity by 2025, which includes 26 GW of onshore wind, 14 GW of hydroelectric, 16 GW of solar photovoltaic, and 4 GW of offshore wind.
• Iberdrola is investing in electric mobility and infrastructure, planning to deploy 150,000 electric vehicle charging points, primarily in Spain, by 2025. Additionally, the company intends to electrify its entire vehicle fleet in the United Kingdom and Spain by 2030.
• The company is diversifying into green hydrogen, with plans to install 600 MW by 2025 and 800 MW by 2027. This includes a partnership with Fertiberia to create Europe's largest green hydrogen plant for industrial use, expected to be operational by 2021 with a €150 million investment.
• Iberdrola utilizes sustainable finance to fund its transition, acting as the world's largest corporate issuer of green bonds, issuing over €11,400 million since 2014. It also secured a €9,000 million credit line reconfigured based on sustainability criteria and a €1.5 billion sustainable credit deal linked to the UN Agenda 2030 SDGs.
• The company engages in extensive policy advocacy to support the Paris Agreement and the European Green Deal. It has participated in the UN Talanoa Dialogue, the Climate Action Summit, and the 'Race to Zero' campaign, and it has advocated for the full decarbonization of the European energy sector by 2050.
• Iberdrola's 2020 financial commitments include a €10 billion investment to support economic recovery and a broader €75 billion investment plan through 2025 focused on networks, renewable energies, and industrial solutions for climate neutrality.

APA

Knight, R. (2020). Company Profile: Iberdrola. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/company-profile-iberdrola/

Chicago

Knight, Robin. Company Profile: Iberdrola. We Mean Business Coalition, 2020. https://www.wemeanbusinesscoalition.org/blog/company-profile-iberdrola/.

Wikipedia

{{cite report |last1=Knight |first1=Robin |title=Company Profile: Iberdrola |publisher=We Mean Business Coalition |date=28 September 2020 |url=https://www.wemeanbusinesscoalition.org/blog/company-profile-iberdrola/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{knight2020company, author = {Knight, Robin}, title = {{Company Profile: Iberdrola}}, institution = {We Mean Business Coalition}, year = {2020}, month = sep, url = {https://www.wemeanbusinesscoalition.org/blog/company-profile-iberdrola/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }