Spain's Iberdrola Plans to Invest $18.5 Billion in U.S. Power Infrastructure

Researched by Industrial Info Resources (Sugar Land, Texas)--Energy company Iberdrola (Bilbao, Spain) says it will invest 16 billion euros (US$18.5 billion) in the U.S. by 2028, with most of that aimed at grid and gas infrastructure in its New York and New England utility companies.

The investment, first announced during the company's Capital Markets Day event on September 24, is part of a 58 billion-euro (US$68 billion) investment plan, with a focus on the U.K. and U.S., according to Iberdrola.

Regarding its U.S. plans, "As we continue to see advanced manufacturing and data center growth, demand for reliable energy infrastructure has never been greater," said Jose Antonio Miranda, chief executive officer of Iberdrola's U.S. subsidiary Avangrid Incorporated (Orange, Connecticut), in a Monday press release.

The investment plan "ensures the grid will support growing energy demand today, make it more resilient and accelerate economic competitiveness into the future."

The investments also will be used to harden grid infrastructure against storms, said Avangrid, which has more than 10.5 gigawatts (GW) of generation capacity in 24 states.

Industrial Info is tracking 40 projects in the U.S. in which Iberdrola is listed as the parent company.

In Maine, construction is underway on a 145-mile high-voltage, direct-current (HVDC) transmission line from Beattie Township near the Canadian border to Lewiston, which is part of the New England Clean Energy Connect project. After years of delays and political and legal setbacks, the transmission project will provide 1,200 megawatts (MW) of renewable hydroelectric power from Quebec to the New England power grid, enough to meet the demand of 1.2 million homes in the region, according to Iberdrola.

Completion of the 320-kilovolt transmission line is planned for the end of this year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the related project reports.

In terms of investment value, Iberdrola's offshore windfarm projects lead the way. But the Trump administration has taken aim against the offshore wind sector. In early September, the U.S. Department of Justice submitted a court filing saying it would move to revoke the Bureau of Ocean Energy Management's approval of Avangrid's New England Wind development off the coast of Massachusetts. For more on that, see September 4, 2025, article - Avangrid's New England Offshore Windfarm Becomes Next Victim of Trump's War on Wind . Subscribers can click here for a list of the related project reports.

. Of Iberdrola's 58 billion-euro (US$68 billion) plan, the U.K. will receive the most investment (20 billion euros, or US$23.4 billion), followed by the U.S. (16 billion euros, or US$18.5 billion), Spain (9 billion euros, or US$10.6 billion), Brazil (7 billion euros, or US$8.2 billion), and other EU destinations and Australia (5 billion euros, or US$5.9 billion).

Subscribers can click here for a list of all of the detailed project reports mentioned in this article and click here for the related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).