The tidal wave of private sector spending was a huge vote of confidence in the government's relentless focus to drive growth across the UK, creating thousands of jobs.
Labour ministers are under pressure to show they can fund ambitious plans for economic growth, including the manifesto pledge to create a zero-carbon electricity system by 2030.
Iberdrola has promised to double its planned investments in the UK's clean energy ambitions to reach 24bn over the next four years, emphasizing its commitment to renewable projects.
The government is expected to rely heavily on private sector investment to achieve its clean energy target after slashing plans to spend 28bn a year on decarbonising Britain.
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