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▶ 8:18 · Grid & Power Infrastructure · Permitting reform is the critical bottleneck for renewable deployment in Europe
episode briefing
In Good Company with Nicolai Tangen

Ignacio Galan - Chair of Iberdrola | Podcast | In Good Company | Norges Bank Investment Management

2023-10-18 · 1 company · 4 thematic
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ignacio galán

Executive Chair of Iberdrola, one of the world's largest renewable energy utilities; joined in 2001 and led the company's full decarbonization, closing all coal and oil plants and investing over 60 billion EUR in wind, hydro, solar, and grids across Europe, US, Brazil, UK, and Australia.

now playing · Grid & Power Infrastructure
Grid & Power Infrastructuretailwindscore 8/10ignacio galán
Permitting reform is the critical bottleneck for renewable deployment in Europe
Multi-layered permitting across national, regional, and local authorities creates sequential delays of years; recent European Parliament action mandating 2-year maximum permit timelines and…
Energy & Power Generationmixedscore 6/10ignacio galán
Green hydrogen emerging as part of integrated renewable portfolio but economics unproven at scale
Iberdrola is piloting green hydrogen production alongside wind, solar, and hydro assets, but commercial viability depends on cost reductions and policy support; currently a small part of th…
Nuclear Energyheadwindscore 6/10ignacio galán
Fusion remains a distant prospect with uncertain competitiveness
Despite recent controlled fusion breakthroughs, the technology is at very small scale and 50+ years from commercialization; cost structure (capex, financing, operations) means electricity w…
Critical Minerals & Supply Chainriskscore 7/10ignacio galán
Europe's solar supply chain remains heavily dependent on Chinese manufacturing
Iberdrola sources the majority of solar panels from China and Chinese-owned factories in Vietnam, with limited European alternatives, creating strategic supply chain concentration risk for…