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The president of the Valencian Community, Ximo Puig, visited Iberdrola’s offices there and was received by Ignacio Galán, at a meeting in which the company's chairman communicated to him the “key” nature of the region for the group and its desire to “continue growing, continue stimulating the industrial fabric in the region, create jobs and add value to Valencians”.

“This region has everything necessary to continue leading the transformation of our energy system, with more renewable energy and more and better electricity distribution networks”, explained the Iberdrola chairman.

In the Valencia region, Iberdrola manages an electric power generation park with nearly 5,000 megawatts (MW) installed power, which includes the Cortes-La Muela hydroelectric complex, one of the largest and most efficient energy storage facilities in Europe. In addition, it operates more than 70,000 kilometres of distribution lines, with which it serves 3.5 million customers.

Galán referred to the significant efforts made by the company in moving toward the digital transformation of the electricity distribution network, which has allowed it to deal effectively and quickly with the consequences of the recent extreme weather situations experienced in the region. He also reminded those present that Castellón was, in fact, the starting point for the development of smart grids as it was the first Spanish city to have a fully digitised distribution network.

The socio-economic impact of Iberdrola's activity in the Valencia region is almost 850 million euros a year in terms of investments, purchases and tax contributions. The company employs more than 1,600 people in the region and helps generate jobs for several hundred more, through the 500 local suppliers with which it collaborates that supply a wide range of innovative products and services related to the energy transition.