Spanish Power Giant Iberdrola Doubles UK Investment to $31 Billion

Spanish utility giant Iberdrola plans to double its UK investments to $31.3 billion (24 billion British pounds) by 2028, Europe’s biggest electricity company said in a statement. Iberdrola, one of the biggest utilities and renewable energy developers in Europe and the Americas, previously planned to invest $15.7 billion (12 billion pounds) in the UK between 2024 and 2028. Now the company plans to double that investment “given Britain’s significant power demand growth prospects and the energy policies set out to promote Net Zero,”…