By Giulia Petroni


Iberdrola on Wednesday unveiled the details of its strategy for the 2023-25 period, including investment plans for power networks and renewables generation.

The Spanish energy company said it targets total investments of around 47 billion euros ($47.35 billion), 47% of which will be allocated in the U.S.

Networks investment will amount to around EUR27 billion, while EUR17 billion will be pumped into renewables.

Net profit is expected to grow to EUR5.2 billion-EUR5.4 billion in the period from around EUR4 billion-EUR4.2 billion in the current year, at a compound annual growth rate of 8% to 10%. Earnings before interest, taxes, depreciation and amortization are targeted to grow at a CAGR of 8%-9% to EUR16.5 billion to EUR17 billion.

Iberdrola said it targets a shareholder payout of between 65% and 75% of earnings per share. The dividend-per-share floor will be of EUR0.46 in 2023-24 and of EUR0.50 in 2025.

For the 2026-30 period, the company plans investments of between EUR65 billion and EUR75 billion, with an acceleration of electrification. Total capacity is targeted at more than 100 gigawatts by 2030.


Write to Giulia Petroni at giulia.petroni@wsj.com


(END) Dow Jones Newswires

11-09-22 0413ET