This Spanish Renewables Giant Is Investing $182 Billion To Triple Capacity ...Middle East

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This Spanish Renewables Giant Is Investing $182 Billion To Triple Capacity
source : OILPRICE ( Middle East ) () 14
Spanish utility giant Iberdrola plans to invest US$182 billion (150 billion euro) to triple its renewable capacity by 2030, one of the biggest developers of renewable energy in Europe said on Wednesday as it reported a rise in net profit and investments in renewables in 2020. Last year, Iberdrola invested a record US$11.2 billion (9.24 billion euro), up by 13 percent compared to the previous year. As much as 91 percent of the investment went into developing new renewables projects and electricity networks. “In this decade, we plan to invest…

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