At the Iberdrola Group, we consider grids to be a key factor both for the electrification of the economy and for the revitalisation of the territories in which we operate. That is why we consider regulated assets, together with renewable energies, to be key factors in our strategy.
Some 65% of the investments in the new plan will focus on network development. The company will invest €37 billion, mainly in the UK and the US, with €25 billion dedicated to distribution networks across our markets and €12 billion to transmission networks, 95% of which will be in the UK and US. This investment strategy aims to ensure stable, predictable, profitable and secure growth, operating in markets with established or advanced regulatory frameworks and targeting an average return on equity (ROE) of 9.5%.
We already operate one of the world’s largest distribution systems, with more than 1.4 million kilometres of distribution and transmission lines, more than 4,500 substations and more than 1.6 million transformers, built and operated to provide a high-quality and reliable service to more than 37 million electricity supply points.
At Iberdrola, we continue to work on the modernisation, digitalisation and automation of our grids as a key element in improving the quality of the distribution system and to guarantee the mass incorporation of renewables in the near future, as well as to promote the electrification of mobility, buildings and industry. At the same time, we promote employment in electrical grids as a growing area with enormous potential for various professional profiles.
We strongly believe that the transition to a decarbonised and fully renewable system is not possible without modern and flexible transmission and distribution grids that are capable of efficiently integrating new, emission-free power. As a result, in recent years the Iberdrola Group has installed around 21 million smart meters worldwide, and remote management, monitoring and automation capabilities have been incorporated into the grid. By the end of 2025, 85.8% of our high and medium voltage networks were already smart grids.
This is allowing us to respond to new trends in its relationship with its clients, offering them more personalised products and services and more active management of their electricity consumption. At the same time, we are also making great efforts to minimise the impact of our facilities on the environment, while launching challenges through the PERSEO start-up Programme in search of innovative solutions to further reduce this impact.
All these efforts have led the Group to become a world leader in the development and deployment of smart grids.
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