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Saturday, December 03, 2022

Iberdrola will invest 47,000 million by 2025 to increase its profits by between 8 and 10%

Iberdrola will invest 47,000 million by 2025 to increase its profits by between 8 and 10%

Iberdrola today announced an investment plan of 47,000 million euros by 2025 to achieve a profit of between 5,200 and 5,400 million, i.e. 8 to 10% more per year.

The company, headed by Ignacio Gallen, will focus its efforts on developing regulated businesses such as the network where it is expected to allocate 27,000 million in the coming years.

Iberdrola’s plans are primarily focused on the United States. The company will allocate 65% of the investment in the network to this country, while 5% will go to Spain. Brazil will receive 16% and the United Kingdom 14%.

The power company intends to increase its asset base by 44% in the coming years, leaving Spain as its smallest markets with a 16% share compared to 21% in Brazil, 22% in the United Kingdom, or 41. Will give % from America.

With regard to investments in renewable energy, Iberdrola will allocate 17,000 million euros. Of this amount, 46% will go to offshore wind power in countries such as the US, UK, France and Germany; 25% to onshore wind power and 24% to distributed photovoltaics in its main markets.

The power company will also allocate 3% to batteries in Australia and the United Kingdom, and 2% to hydraulics in Spain.

Overall, Spain will contribute 13% of investments (6,000 million euros), compared to 47% for the US (including the purchase of PNM resources), 16% for the UK and 11% for Latin America.

According to the company’s forecasts, Iberdrola will go from an EBITDA of 13,000 million to 16,500-17,000 million in 2025, between 8 and 10% higher, due to this greater investment focused on regulated businesses.

To finance the investment, the company controls capital growth and will continue to reinforce its plans for alliances and divestments, such as the $2,000 million already announced in the US or partners in its assets under development. is to be included.

The planned ‘pay out’ for the coming years will be between 65 and 75% of EPS, with a dividend level of 0.46 euro per share, up to 0.50 euro in 2025.

Iberdrola’s President, Ignacio Galán, said that “the current state of the region is an opportunity for Iberdrola to continue contributing to self-reliance and decarbonization in the countries where we are present and that is why we are going to invest a record number of years.” 47,000 million euros over three years”.

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