“Either we generate indigenous energy or we will not have the competitiveness to which we aspire”

Iberdrola returns to the scene this Wednesday in Madrid with the recognition of the Best Business Strategy awarded by Economic Information in the first edition of the Henneo Economy and Business Awards: “It is an enormous pride to be the first winner of this edition, as it is also to be the first European electricity company by market capitalization,” its CEO in Spain recognized on stage, Mario Ruiz-Tagleas in charge of collecting the award presented by the president of Henneo, Fernando de Yarzatogether with the president of Ibercaja, Francisco Serrano.

The executive who has more than two decades of experience in the company has taken advantage of this event to highlight the evolution of the electricity company this year and the solidity of a model that combines investment in renewables, technological development and financial stability. “We are a reference in electrical networks and we have demonstrated it, unfortunately, on a day-to-day basis we happily demonstrate it, but unfortunately, in catastrophes, such as the Dana that we had in Valencia, We were the first company to restore the service thanks to the digitalization of our networks“he recalled.

During his speech, the head of Iberdrola Spain highlighted the importance of not stepping on the brakes in his commitment to renewables so as not to lose competitiveness. “There is no need to have doubts about the model in which we are walking; or we have our own, indigenous energies or we will definitely not have the competitiveness to which we are aspiring“has warned before adding that Iberdrola is a pioneer in clean energy even “when few believe or very few believed that clean energy was possibly competitive or profitable”.

Ruiz-Tagle has also highlighted the importance of the work they do on the competitiveness of the Spanish industry. “Hoy we are a driving company in the Spanish economy. Together with us they travel to the different countries where many Spanish companies are present,” he noted after depicting how their expansion paves the way for many companies that accompany them on their adventure.

The recognition occurs at a key moment for Iberdrola’s business: with the ambition to invest 58,000 million until 2028 (30% more than in the previous period) reflected in its new strategic plan, at a global level, in the heat of economic results that aspire to surpass all records in 2025. In the national market, its strategic roadmap projects an increase in investment in networks up to 4,000 million, around 15% more than expected.

In addition, the company has reinforced its commitment to renewables with new developments in offshore wind, photovoltaics and storage, while consolidating its presence in key markets within and outside Europe. All this, combined with a prudent financial management and a determined commitment to consolidate the company among the great drivers of the energy transition has been recognized by Economic Information in an award that distinguishes those strategies that have a direct impact on the Spanish industrial fabric and the country’s competitiveness.

I edition of the Economy and Business Awards

The awards, sponsored by Telefónica, Santander, Ibercaja, Veolia, PMI, hiberus and Government of Aragonrecognize projects that stand out for their excellence, their innovative approach, their capacity for impact and strategic vision and their contribution to economic and social progress. In addition, the event has brought together companies, institutions and entrepreneurs who are setting the daily economic agenda.

These awards were created to highlight those who are promoting new ways of doing business: from technological innovation to social responsibility or the ability to generate real economic opportunities. With them, the Henneo Group – a benchmark with more than 130 years of history – underlines its commitment to quality economic journalism and to those initiatives that help understand where the Spanish business fabric is evolving.