The New Iberdrola in Mexico slide image

The New Iberdrola in Mexico

Strategic fit . • . IBERDROLA The deal fits within 2023-2025 Iberdrola's strategy Growth based on Networks and Renewables Recycling capital towards rising growth in new opportunities in the US (IRA) and Europe (RePower EU and NZIA¹). Increasing exposure to A rated geographies Accelerating growth in Mexico through our 6 GW renewable pipeline with increased certainty Full commitment to financial strength >90% Asset rotation & Partnerships 2023-2025 targets already achieved, more than 2 years ahead of schedule Improvement of financial ratios ESG as the foundation of our model • Acceleration of 2040 Net-Zero ambitions in scope 1 and scope 3 emissions • Improving Iberdrola's emission free capacity to ~ 85% from ~70% 2 • Strengthening relationships with the Mexican Government and regulator 1. Net Zero Industry Act 2. Including PNM transaction
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