Iberdrola consolidates its key role in the global energy debate in Davos

Iberdrola's chairman, Ignacio Galán, has concluded his participation in the World Economic Forum's annual meeting in Davos with a busy schedule of meetings with business leaders and international policy makers, consolidating the company's role as one of the major global players in the energy and electricity infrastructure sector.

Over the last few days, Galán has held various meetings and participated in discussion sessions focusing on the main economic and geopolitical challenges, with particular attention to the growth in electricity demand, the need to strengthen networks and the role of energy as a key factor in competitiveness and security.

As part of this agenda, the chairman of Iberdrola held meetings with representatives from Qatar, with whom he exchanged views on opportunities for economic and energy cooperation. He met with the Prime Minister of Qatar and the CEO of Qatar Investment Authority (QIA), as well as leading figures in the international political arena such as Tony Blair, chairman of JP Morgan's International Council, with whom he discussed the global challenges arising from the transformation of energy systems.

He also attended European forums, such as that of European Commission President Ursula von der Leyen. In addition, he participated in high-level talks with US administration officials, including US Secretary of Energy Chris Wright, in a context marked by Iberdrola's strong investment drive in electricity infrastructure across the Atlantic. He has also been in contact with members of the Spanish government, including the Minister of Economy, Trade and Business, Carlos Cuerpo, within the framework of Spain's institutional presence at the forum.

In addition to these meetings, the chairman of Iberdrola has participated in various panels and multilateral meetings with business leaders and representatives of international organisations, addressing issues such as the electrification of the economy, regulatory stability and attracting large-scale investment.

With this agenda, Iberdrola is strengthening its position in Davos as a key player in the global energy debate, actively participating in the main forums for dialogue and cooperation alongside top-level political and economic leaders.

The chairman of the multinational defended Iberdrola's ambition in the energy sector. ‘To do important things, you need ambition, vision and capability. I believe we are in the right sector, at the right time, and we have demonstrated throughout our 125 years that we are capable of achieving the goals we set ourselves.’

The chairman framed his speech within the context of Iberdrola's track record — 125 years of history and leadership — and emphasised the strategic decision taken more than two decades ago to invest ‘massively’ in networks, renewables and storage, which has enabled the Group to grow more than tenfold. Iberdrola is currently the largest electricity company in Europe by market capitalisation and is among the two largest in the world, having exceeded €125 billion in market value.

‘Iberdrola plans to invest close to €60 billion over the next four years, of which more than two-thirds will go precisely to the electricity grid sector. And to undertake these investments, stable, predictable and incentivising frameworks are needed,’ he reiterated.