Iberdrola initiated a €5 billion capital increase, marking the largest share sale in Europe this year, aimed at enhancing investments in power grids and expanding in the US and UK. With indicative price guidance set at €15.10 per share, investor interest exceeds the deal size. The share sale is projected to lead to annual gross investment prospects of about €15 billion in upcoming years. Iberdrola anticipates its regulated asset base will triple by 2031, emphasizing significant growth in foreign markets while assets in Spain face challenges.
Iberdrola's €5 billion capital increase aims to enhance investments in power networks and support expansion efforts in the US and UK, amid growing investor interest.
The share sale enables Iberdrola to pivot towards power grids, which are key to its spending strategy through 2026, particularly benefiting from the US and UK tariff frameworks.
Iberdrola expects its regulated asset base to triple by 2031, with significant growth projected in the UK and US, contrasting with a reduction in Spain.
Concerns over the reliability of Spain's power network following a nationwide blackout have prompted calls for increased network returns to encourage investment.
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