#economy

Iberdrola has presented 175 projects to the Next Generation EU programme to mobilise investments of €30 bn in Spain, involving 350 small and medium-size enterprises, institutions, technology partners, startups and the entire value chain. These actions — in the areas of green hydrogen, innovative renewable energy, sustainable mobility, energy storage, smart power grids, heat electrification and component recycling with clean technologies — will contribute to the industrial transformation of the country, focusing on sustainability, green, affordable energy and employment.

At Iberdrola, we made 6,000 new hires in 2024, thus exceeding 42,200 total employees. In addition, the Group supports another 500,000 jobs at thousands of suppliers around the world through our purchases, which exceeded €18 billion in the year.

At Iberdrola we are committed to local energy sources and purchases from local suppliers. In addition, the group is a pioneer in sustainable event management and promotes the implementation of electric vehicles through its Sustainable Mobility Plan.

Galán, a regular at the Forum's annual meeting, said

Energy group Neoenergia* — Iberdrola's Brazilian subsidiary — launched an initial public offering (IPO). The company, which operates in 18 Brazilian states and supplies 34 million people with electricity, reached a net income of 7.104 billion Brazilian reals in the first quarter of 2019, 28.1% more during the same period last year.

Achieving carbon neutrality by 2050 means taking action in each and every sector. Efficient decarbonisation of the economy means achieving it at the lowest possible cost, using the most competitive alternatives in each end-use.