Energy group Iberdrola has convened nearly 300 supply chain and contractor representatives at its Training and Innovation Campus in San Agustín de Guadalix to outline the execution plan for its upcoming electricity grid investment cycle across Spain.
The utility company announced plans to double its capital expenditure in Spanish electricity distribution networks to €6 billion between 2027 and 2030, targeting grid modernization to support expanding industrial, commercial, and residential electrification. For the initial 2027 fiscal year, Iberdrola has budgeted €1.2 billion for network infrastructure.
The supplier summit—held under the theme “Driving electrification together”—focused on aligning procurement capacity, engineering talent, technical equipment, and raw material supply chains ahead of the expenditure expansion. The infrastructure rollout is projected to stimulate Spain’s domestic industrial base, supporting corporate supplier growth and domestic employment.
Key operational, supply chain, and financial figures highlighted during the presentation include:
- Capital expenditure target: €6 billion allocated to Spanish distribution networks between 2027 and 2030, beginning with a €1.2 billion commitment in 2027.
- Global and domestic procurement: Iberdrola maintains total global annual procurement spending of €14 billion, including over €2.5 billion directed to suppliers in Spain.
- Employment impact: Supply chain activities currently support approximately 500,000 jobs globally, including 120,000 positions within Spain.
- Industrial partners: Key equipment and engineering contractors attending the briefing included ABB, Siemens, General Electric, Hitachi, Schneider Electric, Elecnor, Eiffage, Arteche, Faramax, Ingeteam, and Ormazabal.
Ignacio Galán, Executive Chairman of Iberdrola, stated that the beginning of this growth cycle requires financially stable energy utilities combined with a resilient, high-capacity domestic supply chain.
Galán added that large-scale infrastructure investments depend directly on reliable, competitive suppliers capable of scaling production capacity to deliver grid expansion projects on schedule.
