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    IBE   ES0144580Y14

IBERDROLA, S.A.

(IBE)
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Iberdrola to Invest $8.2 Billion in UK Offshore Wind Farms

10/19/2021 | 04:23am EST

By Giulia Petroni

Iberdrola SA on Tuesday said that it plans to invest 6 billion pounds ($8.24 billion) in offshore wind farms through ScottishPower's hub off the east cost of England, its largest project investment globally.

"Our GBP6 billion planned investment in East Anglia hub will be a significant step towards ensuring offshore wind produces enough clean electricity to power every U.K. home by 2030," Chief Executive Ignacio Galan said. "The hub is testament to how business can support the government's net-zero ambitions."

The East Anglia hub comprises three wind farms off the coast of Suffolk set to generate more than 3 gigawatts of clean electricity--enough to contribute more than 7.5% of the U.K.'s 40GW-target for offshore wind generation by 2030, according to the Spanish energy company.

The investment adds to the GBP10 billion Iberdrola already committed for the 2020-25 period to doubling renewable-generation capacity and advancing decarbonization.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

10-19-21 0422ET

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Analyst Recommendations on IBERDROLA, S.A.
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Financials
Sales 2021 37 683 M 42 662 M 42 662 M
Net income 2021 3 568 M 4 039 M 4 039 M
Net Debt 2021 43 305 M 49 026 M 49 026 M
P/E ratio 2021 17,6x
Yield 2021 4,40%
Capitalization 61 420 M 69 503 M 69 534 M
EV / Sales 2021 2,78x
EV / Sales 2022 2,71x
Nbr of Employees 39 569
Free-Float 96,6%
Chart IBERDROLA, S.A.
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Iberdrola, S.A. Technical Analysis Chart | IBE | ES0144580Y14 | MarketScreener
Technical analysis trends IBERDROLA, S.A.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 26
Last Close Price 9,95 €
Average target price 11,53 €
Spread / Average Target 15,9%
EPS Revisions
Managers and Directors
JosÚ Ignacio Sßnchez Galßn Chairman, President & Chief Executive Officer
JosÚ Sßinz Armada Chief Financial & Resources Officer
Fernando Lucero Batalla Head-Information Technology & Finance
Maria Dolores Herrera Pereda Compliance Director
Juan Carlos Rebollo Liceaga Group Director-Administration & Control
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