Iberdrola ha presented a plan that makes it the critical infrastructure to feed the AI revolution in the West, far beyond Spain.
Why is it important. The Explosion of data centers for AI He has triggered energy demand. Iberdrola has understood: who controls the electrical networks in the US and the United Kingdom will control the infrastructure that supports the technological future. It is a brutal bet to become the “TSMC of energy”.
The Spanish electric will invest 58,000 million euros until 2028, 30% more than the previous plan. 65% of that investment is concentrated in two markets:
- United Kingdom (20,000 million).
- United States (16,000 million).
The strategic turn. Ignacio Galán has defined Iberdrola as “the largest Anglo -Saxon company.” It is no accident. The executive president is repositioning the company to capture the energy demand that the AI will generate in the coming years.
Electrical networks will receive 37,000 million euros, 64% of the total. This infrastructure offers regulated profitability of 9.5%, much higher than the traditional generation of energy.
- Iberdrola seeks that 75% of its income be independent of the volatile energy prices.
The Iberian Peninsula will receive only 9,000 million euros, 15% of the total. Galán has launched a notice to the Spanish government: “If the conditions are not good, we would go to other countries.”
He Pulse with the CNMC It is evident. The regulator proposes a remuneration of 6.46% for Spanish networks, but Iberdrola demands at least 7%. The difference can determine whether Spain maintains or loses one of the country’s largest industrial investments.
In figures. Plan numbers:
- Net profit of 7.6 billion in 2028 (+2,000 million).
- Dividends of 20,000 million in four years.
- 15,000 new jobs.
- The regulated asset base will jump from 30,000 to 70,000 million euros.
The big bet. Iberdrola is betting that the energy demand for AI and electrification will be the largest growth conductor of the next decades. Galán speaks of 60,000 MW of latent demand only in Spain, half of which he considers “non -speculative.”
The strategy also changes the company’s risk profile. Being a company exposed to electricity prices becomes a critical infrastructure with guaranteed income.
- It is the dream of any investor: predictable growth in an essential business.
Yes, but. Execution is not risk -free. Trump intends to block the marine windpage projects of Iberdrola In Massachusetts. Brexit adds regulatory uncertainty in the United Kingdom. And in Spain, the pulse with the regulator could go more.
Galán’s bet is clear: Iberdrola wants to be the company that electrifies the AI revolution. If it is right, the Spanish electricity will have positioned in the center of the greatest technological change in the next decades. If it fails, you will have compromised 58,000 million in a risky bet.
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