- Published: 08 April 2020 08 April 2020
Iberdrola has placed orders for almost € 4 billion during the first quarter of the year with more than 10,000 suppliers around the world, double the amount in the same period of 2019. These orders will help to keep industry moving and hundreds of thousands of people in work.
Specifically, and according to the company's data, March was the busiest month in this regard, with orders worth almost € 2.9 billion placed, almost 75% of the total for the quarter.
24% of the total amount was allocated to suppliers based in Spain (more than € 940 million). Local companies in the USA took 21.5% of the total for the period (€ 825 million) and those in Brazil 18% (€ 695 million).
Aware of the impact of the Covid-19 coronavirus pandemic, and within the framework of an unprecedented investment strategy approved to be carried out during 2020, which will amount to a record-breaking € 100 billion, Iberdrola's management opted to accelerate purchases from its suppliers as of mid-March. As a result of these investments, which will increase the its portfolio of equipment, materials, works and services, the company will start producing at least half of the 9,000MW it is currently building around the world.