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SP Energy Networks, an Iberdrola subsidiary, has awarded multi billion pound contracts for the Eastern Green Link 4 subsea electricity interconnector between Scotland and England.
The project is planned to start construction in 2028 and complete by 2033, with Siemens Energy as a key partner.
EGL4 is intended to transmit renewable electricity to more than 1.5 million homes in the UK.
Iberdrola (BME:IBE), trading at €20.07, has seen its share price return 36.3% over the past year and 112.3% over five years. The company now has this long dated UK transmission project alongside existing operations, which may interest investors who are following large capital commitments linked to renewables infrastructure.
With work on EGL4 scheduled to run from 2028 to 2033, the project adds long term visibility to Iberdrola’s role in UK electricity networks. Investors can monitor how contract execution, regulatory developments and future project milestones influence sentiment around BME:IBE over the coming years.
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BME:IBE Earnings & Revenue Growth as at Apr 2026
❌ Price vs Analyst Target: At €20.07, Iberdrola trades about 6.6% above the €18.84 analyst price target midpoint.
❌ Simply Wall St Valuation: Shares are assessed as trading 18.2% above estimated fair value.
✅ Recent Momentum: The 30 day return of 1.3% points to modest positive short term momentum.
There is only one way to know the right time to buy, sell or hold Iberdrola. Head to Simply Wall St’s company report for the latest analysis of Iberdrola’s fair value.
📊 EGL4 reinforces Iberdrola’s position in UK transmission, adding another long dated regulated style project to monitor.
📊 Watch how the share price, currently on a P/E of 23.5 versus an industry average of 16.6, responds to contract milestones and any updates on project costs or timing.
⚠️ With two flagged minor risks including high debt and a dividend not fully covered by free cash flow, investors may want to track how this capital intensive project interacts with the balance sheet and payout.
For the full picture including more risks and rewards, check out the complete Iberdrola analysis. Alternatively, you can visit the community page for Iberdrola to see how other investors believe this latest news will impact the company’s narrative.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include IBE.MC.
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