Iberdrola calls for increased power grid investment in Europe

At the inaugural Iberdrola Legal Forum, Iberdrola Executive Chairman Ignacio Galán advocated for increased investment in electrical grids to accelerate Europe's energy transformation. The forum focused on the legal and regulatory challenges associated with electrification, emphasizing its role in enhancing economic competitiveness and energy sovereignty.

Participants discussed the necessity of leveraging domestic energy resources to reduce external dependency and mitigate the impact of energy price volatility on households and businesses. Key recommendations included establishing stable and predictable regulatory incentives, streamlining administrative procedures for permits, and improving infrastructure planning and coordination to support the evolving energy model.