IBERDROLA RENEWABLE INVESTMENT $182 BLN
IEEFA - February 25, 2021 - Iberdrola has unveiled plans to double its spend on renewables, taking its investment from €75 billion (US$91 billion) by 2025 to €150 billion (US$182 billion) by 2030.
The Spanish energy group made the pledge after its renewables business posted net profits of €3.6 billion (US$4.4 billion) last year despite the widespread disruption in the power market caused by COVID-19.
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