Iberdrola fears new green collapses similar to Enron

The Spanish utility plans to invest in constructing 7 GW renewable energy over the next four years, but warns that there is an excess of new, talentless players in the industry.

Photo: iberdrola

Iberdrola has big ambition for the near future.

The Spanish utility expects to invest EUR 32 billion by 2022, of which half will go to network development while 37 percent, or EUR 12 billion, will go to renewable energy, says the company in a strategy update accompanying the 2017 annual report.

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