In order to achieve this objective, Iberdrola will focus future investments on energy projects with zero emissions and on developing carbon capture technology.
Iberdrola has revealed that it has already laid foundations to meet the challenge, with a project pipeline for wind power totalling 57,400MW, hydroelectricity projects totalling 3,000MW in Spain, Portugal and Brazil, and through its participation in the new nuclear build programme in the UK. It is also in the vanguard of new technology to capture and store CO2 at coal-fired generation plants.
Ignacio Galan, chairman of Iberdrola, said: “Iberdrola is fully aligned with the clear move towards a new global energy system, founded on low carbon emissions and on clean and efficient energy sources.”
Mr Galan also added that, a new energy model, based on sustainable, competitive and secure supplies to replace dependence on fossil fuels with clean sources, is the way forward towards reducing greenhouse gas emissions.
