- Published: 27 July 2023 27 July 2023
Iberdrola’s global investments have increased by 8% in the last 12 months, to reach €10.54 billion. 93% of investments have been allocated to networks and renewables. Net profit increases by 21% to €2.52 billion.
EBITDA reaches €7.56 billion, an increase of 17%, driven by strong performance in the EU. 2,565MW of new renewable capacity has been installed in the last 12 months, reaching a total capacity of 41,250MW. In addition, 7,100 MW of new renewable energy capacity is under construction globally, representing a total investment of €12 billion. 3,000 MW refers to offshore wind with zero seabed costs. The company is now forecasting high-single-digit net profit growth (excluding additional capital gains from asset rotation) due to strong business performance in the second half driven by further investments and new capacity in renewables, positive production forecasts, and new rate cases in the US and Brazil.