Iberdrola Plans to Double Spanish Grid Investment to €6 Billion

Spanish energy company Iberdrola plans to double its electricity grid investment in Spain to €6 billion between 2027 and 2030, strengthening infrastructure to meet rising electricity demand and support electrification. Announced on 10 November 2026, the investment programme includes €1.2 billion planned for 2027 alone. The company also brought together nearly 300 representatives from supplier and contractor businesses to coordinate the expansion and assess the industrial capacity needed to deliver it.

The investment will support the development and modernisation of electricity distribution networks as demand increases across households, businesses and industry. Iberdrola held a meeting at its Training and Innovation Campus in San Agustín de Guadalix to discuss manufacturing capacity, engineering requirements, critical materials and workforce availability. The company aims to coordinate procurement and infrastructure development with suppliers ahead of the new investment cycle.

 

Read more: TotalEnergies Expands Methane Partnerships with PETRONAS, SONANGOL and Oil India

 

Major industrial partners participating in the discussions included ABB, Siemens, Schneider Electric, Hitachi, General Electric, Ingeteam, Elecnor, Eiffage, Arteche and Ormazabal. The programme is expected to create opportunities for Spanish equipment manufacturers, engineering contractors and technology providers as electricity networks expand to accommodate growing demand and electrification.

Ignacio Galán, Executive Chairman of Iberdrola, noted that “a new growth cycle is beginning, one that will last for many years” and stressed that “major investment plans can only be delivered if they are backed by a strong and well-prepared supply chain”. The meeting was also attended by Iberdrola's Director of Procurement, Ignacio Sánchez-Galán, and i-DE CEO Eva Mancera.

Iberdrola currently spends approximately €14 billion annually on procurement worldwide, including more than €2.5 billion in Spain. According to the company, its supply chain activity supports nearly 500,000 jobs globally and approximately 120,000 in Spain. The proposed €6 billion investment programme will focus on strengthening electricity networks over the next four years, with implementation dependent on adequate supply chain capacity, skilled labour and the availability of critical equipment.

 

Source: Iberdrola