Iberdrola – the world’s biggest wind-power owner – again pointed to the UK, US and Latin America the focus of its ambitions.

The Spanish group’s net profit rose1.3% last year to €2.84bn ($3.8bn), driven by international operations that now account for 70% of the figure.

In contrast its domestic profits dropped 36% to €862m, “falling back to 2000 levels”.

At Iberdrola’s renewables operations, earnings before interest, tax, depreciation and amortisation (Ebitda) rose 13.8%.

This