Reported about 1 month ago
Iberdrola, Europe's largest utility, reported a 50% increase in profit for the year, driven by its strategic investment in power grids and offshore wind projects in the U.S. and U.K. The company's profits reached €5.5 billion, surpassing the 2025 target a year early, prompting an optimistic outlook for future growth. Iberdrola plans to continue expanding its renewable energy and grid operations, while pursuing opportunities in emerging sectors like data centers, thus reinforcing its position in the market.
Source: YAHOO