Iberdrola, Europe's largest electricity company, plans to double its UK investment to £24 billion from 2024 to 2028, up from a previous £12 billion.
This increase comes as the UK becomes the company's top investment destination, driven by robust energy policies aimed at net zero and electrification.
Key investments include:
£16 billion allocated to transmission and distribution networks.
Completion of the East Anglia 3 offshore wind farm.
East Anglia 2, a £4 billion offshore wind project, set to power approximately 1 million homes.
These initiatives align with the UK’s energy demands and support its path toward green energy security.