Iberdrola to spend more than $180 bln by 2030 after profit rises

Japan’s first commercial wind power generation can be found in Kitakyushu. Ten wind turbines line the city's coast,e each with the capacity to generate 1,500kW of wind power.

MADRID: Europe's biggest wind power generator Iberdrola pledged on Wednesday to invest 150 billion euros ($182.39 billion) on tripling its renewable capacity and doubling its network assets by 2030, bolstered by a rise in annual net profit.

Years of investment in low-emission generation and power grids have put the Spanish group squarely on investors' radars as a beneficiary of an accelerating global pivot towards running economies on renewably-sourced electricity.