Business · Companies · 5 hrs ago
Iberdrola chief Ignacio Galán receives Madrid economists’ honorary award
Ignacio Galán received an honorary award from the College of Economists of Madrid at a ceremony in Madrid.
The college recognised his career and his contribution to Iberdrola’s growth and international profile.
Galán has led the Spanish energy company for 25 years; it is now Europe’s largest electricity company and recently reached the top spot worldwide by market value, according to remarks at the ceremony.
He said electrification is an opportunity for Europe to rely less on imported fossil fuels and invest in productive industries.
Galán said the transition could require more than €200 billion a year in investment across Europe over the next decade, with half going to electricity networks.
Iberdrola could invest €80 billion over five years, potentially lifting its net profit to €10 billion.
Ignacio Sánchez Galán, Iberdrola’s executive chairman, was named an honorary member of the Madrid College of Economists.
The college recognized his career and his contribution to the company’s and Spain’s national and international profile.
The award was presented Tuesday at the Complutense University of Madrid, with college dean Amelia Pérez Zabaleta presiding.
Galán said electrification offers Europe a chance for structural change and that Iberdrola faces the strongest growth prospects in its history.
He said the company could invest up to €80 billion over five years, potentially raising net profit to €10 billion.
- Who
- Ignacio Sánchez Galán, executive chairman of Iberdrola.
- What
- He was named an honorary member of the Madrid College of Economists.
- When
- Tuesday, November 3, 2026.
- Where
- The auditorium of the Complutense University of Madrid.
- Why
- In recognition of his professional career and contribution to Iberdrola’s and Spain’s national and international profile.
This story does not have two clearly opposing sides.
Galán arrived at Iberdrola, according to the reports.
Iberdrola reached the global electricity sector’s top position by market capitalization, according to Hernández de Cos.
The Madrid College of Economists presented Galán with its honorary membership at the Complutense University of Madrid.
- Award
- Honorary member of the Madrid College of Economists
- Ceremony venue
- Complutense University of Madrid
- Investment outlook
- Up to €80 billion over five years
- Potential net profit
- Up to €10 billion
- Iberdrola anniversary
- 125 years in 2026
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What people are saying
He saw that electrification was going to play a very important role in the economy and knew how to turn that vision into investment and value creation
The company faces the greatest growth prospects in its history
The rigor of the profession and business dynamism are the true engines of society