Iberdrola: Trump is ‘not new for us' [Fortune]
IBERDROLA SA S/ADR (IBDRY)
NASDAQ:AMEX Investor Relations:
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Source: Fortune
But when I asked Iberdrola chairman Ignacio Galan yesterday if he was worried about the future of his multi-billion-dollar investments in offshore wind in the U.S. should Donald Trump become President again, the leader of the world's third-largest utility was remarkably unphased. “We've been with Trump before,” he said. “It's not new for us.” I had expected a more concerned outlook from Galan, whose company experienced a public blowback in Massachusetts this Summer after a GE windmill it was due to start operating soon, broke, and fell into the sea . The bad headlines coincided with the Trump campaign repeating debunked claims that windmills are “ killing our birds ” and that offshore wind farms are driving whales “crazy” Regardless of the election outcome, Iberdrola, a Fortune Global 500 company , expects to double down on its renewable investments in the U.S., Galan told me. That is thanks in large part to the long-term “predictability” the Inflation Reduction Act brought abo
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