Iberdrola España to increase its investments in the Basque Country by 50% in the 2025-2028 period
- The company's total economic impact in the Basque Country will reach 12 billion euros by 2028
The executive chairman of the Iberdrola Group, Ignacio Galán, met today with the Basque regional leader, or lehendakari, Imanol Pradales, at the Lehendakaritza in Vitoria Gasteiz.
During the meeting, Galán outlined the impacts of the company’s new strategic plan for the Basque Country. In particular, the new plan from the Iberdrola Group – which includes Iberdrola España – sets out a 50% increase in investments in the Basque Country, mainly in electricity networks, reaching €1.3 billion. The objective is to integrate new industrial and residential demand and continue strengthening the region’s leadership in digitalisation.
Taking into account purchases from hundreds of local companies, tax contributions, salaries and dividends to Basque shareholders, the total impact will reach €12 billion by 2028.
What’s more, the positive performance of the Iberdrola Group’s share price over the past year has increased the value of the savings held by the company’s 60,000 Basque shareholders by more than €2 billion, taking the total to over €7 billion.
Find out more about Ignacio Galán’s meeting in Vitoria Gasteiz in the Press room of the corporate website
