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Energy giant Iberdrola said it will invest €9.6bn ($13.2bn) by the end of 2016 – 22% of it in renewables – as it confirmed its growth focus will be outside its native Spain, where it took an €801m hit on regulatory changes last year.

Iberdrola hit in Spain, spends abroad

Energy giant Iberdrola said it will invest €9.6bn ($13.2bn) by the end of 2016 – 22% of it in renewables – as it confirmed its growth focus will be outside its native Spain, where it took an €801m hit on regulatory changes last year.

Energy giant Iberdrola said it will invest €9.6bn ($13.2bn) by the end of 2016 – 22% of it in renewables – as it confirmed its growth focus will be outside its native Spain, where it took an €801m hit on regulatory changes last year.