This is why wobbly wind projects can’t compete with profits from grids

Electricity can’t just be distributed it also needs to be produced. Iberdrola is losing its enthusiasm for that necessity, lured by the bulging profits in the grids business

Iberdrola is ramping up its networks investment as nations race to modernise grids.
Iberdrola is ramping up its networks investment as nations race to modernise grids.Photo: Europa Press via Getty Images
Published 29 September 2025, 12:31Updated 29 September 2025, 12:31
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