Spain’s energy plan ‘a breath of fresh air’, Iberdrola chief says. The arrival of Spain’s long-delayed national energy plan will unlock significant opportunities and investments in clean power in the country according to the chief executive of one of the world’s largest renewable energy producers. “It is a breath of fresh air,” said Ignacio Galán, chairman and chief executive of Spanish utility Iberdrola. “For almost 20 years, this country has been living without an energy plan.” In London on Tuesday, Mr Galán will update the company’s 2018-2022 strategic plan, which includes a €2bn increase in investment, to €34bn, almost exclusively in solar and wind developments in Spain. The Spanish government of Pedro Sánchez, the socialist prime minister, unveiled its National Energy and Climate Plan last week, making it the last country to submit its proposals through to 2030 required by the European Commission.
FT 26th Feb 2019 read more »