The CEO of Iberdrola on Committing to Clean Energy
Below are the available bulk discount rates for each individual item when you purchase a certain amount
Publication Date:
November 01, 2020
In 2001 Iberdrola, which had resulted from a merger between two Spanish utilities nearly 10 years before, held assets that were primarily sustainable but included some powergeneration plants fired by oil and coal. Its footprint was limited to Spain and a bit of Latin America. Looking for a CEO who was willing to challenge traditional industry models and build a better future, the company tapped Galan. His values gave him the grounding to design and lead Iberdrola’s green mission, and he describes the past two decades as some of the most rewarding of his career. He and his team focused an ambitious strategy on their core business of generating and distributing sustainable and renewable energy through plants, networks, and storage facilities, doubling down on a low-carbon future. Competitors thought they were crazy, and regulators raised a skeptical brow. Some senior executives retired or left. But since then Iberdrola has expanded into dozens of countries on four continents, grown to serve 100 million people with power, created one of the largest wind energy companies in the world, and closed all its oil and coal plants. Its net profit of 3.4 billion euros in 2019 represents a fivefold increase since 2001.
If you’d like to share this PDF, you can purchase copyright permissions by increasing the quantity.
Copyright © 2020 Harvard Business School Publishing. All rights reserved. Harvard Business Publishing is an affiliate of Harvard Business School.
The CEO of Iberdrola on Committing to Clean Energy
Research & References of The CEO of Iberdrola on Committing to Clean Energy|A&C Accounting And Tax Services
Source