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Iberdrola has announced to invest €150 billion on tripling its renewable capacity and doubling its network assets by 2030.
The company’s net profit increased with 4.2% to € 3.61 billion in 2020. Iberdrola plans to operate 95GW of clean power capacity by 2030. The investment plan builds on the plan Iberdrola announced in November 2020 to invest € 75 billion by 2025. Two thirds of the group’s core earnings are now generated outside Spain.
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