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2021-06-30 00:00:00.0

Ignacio Galán explains Iberdrola’s plans in France at the Choose France meeting, chaired by Enmanuel Macron

Iberdrola Chairman, Ignacio Galán, with the French Minister of Industry, Agnes Pannier-Runacher.

Ignacio Galán took part in the Choose France meeting, organised by the French government to promote foreign investment and showcase the country’s economic attractiveness. The event, held in Versailles, was chaired by French President Emmanuel Macron and was attended by a dozen of the world’s leading business representatives.

Iberdrola’s chairman held meetings with various French authorities such as the Industry Minister, Agnes Pannier-Runacher, and the Minister for the Ecological Transition, Barbara Pompili, as well as with the European Commissioner for the Internal Market, Thierry Breton.
He underlined the company’s commitment to France and its contribution to the green recovery by promoting the energy transition in a country where the company plans to invest 4 billion euros by 2025, mainly in renewable energy projects.
Its main projects in France include the Saint-Brieuc offshore wind farm, construction on which began in May and which will involve an investment of 2.4 billion euros.
The group awards orders worth almost €1 billion a year to French companies such as Eiffage, Nexans, Vinci and Schneider.
Its renewable projects include Aalto Power, a company acquired in June 2020, which operates 118 MW of onshore wind and has a portfolio of 700 MW in wind and photovoltaic projects under development.
In addition to its activity as a developer of onshore and offshore wind energy, Iberdrola operates as a clean energy retailer. It currently has a customer base of 400,000 customers and aims to reach one million supply points by 2023.

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About Iberdrola

Iberdrola is a leading global energy supplier -the third-largest by market capitalisation in the world and the leader in renewables- championing the energy transition towards a low-emissions economy. The group supplies energy to around 100 million people in dozens of countries and has renewable, grid and retail activities in Europe (Spain, the UK, Portugal, France, Germany, Italy and Greece), the US, Brazil, Mexico and Australia, while counting markets including Japan, Ireland, Sweden and Poland among its growth platforms.

With a workforce of more than 37,000 and assets of over €122.5 billion, it recorded turnover in excess of €33 billion and net profit slightly exceeding €3.6 billion in 2020. The company contributes to the maintenance of 400,000 jobs in its supply chain, with an annual procurement budget of €14 billion. A leader in the fight against climate change, Iberdrola has committed more than €120bn over the last two decades to building a sustainable energy model based on sound environmental, social and governance (ESG) principles.