Iberdrola chairman Ignacio Galan expressed confidence in U.S. investments, stating, 'We've been with Trump before. It's not new for us,' reflecting resilience towards political uncertainties.
Galan highlighted the impact of the Inflation Reduction Act, noting it brought long-term 'predictability.' He mentioned that while Trump can bark about renewables, his past presidency maintained support for them.
The CEO emphasized that economic fundamentals, especially the need to upgrade America's electrical grid, are driving Iberdrola's investment decisions, which is 80% focused on grid-related improvements.
Galan's comments underline a shift in investment strategy where political outcomes are secondary to the pressing demands of a rapidly evolving energy landscape and infrastructure needs.
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