Ignacio Galán, chairman of Iberdrola, participated in the World Economic Forum meeting in Brussels, where the Leaders for Growth and Competitiveness in Europe initiative was formally launched. The initiative has backing from 60 leaders across public and private sectors, civil society, and expert organisations, following groundwork laid at Davos earlier this year.
A central focus of the meeting was how electrification can strengthen the EU’s strategic autonomy, competitiveness, job creation, industrial growth, and decarbonisation. The conversation emphasized the critical role of electricity grid infrastructure in connecting growing demand and integrating Europe’s renewable resources. Participants agreed that clear, stable policy and regulatory environments will be essential to unlock necessary investments.
Speaking at the event, Galán underlined that electrification is a powerful engine for European growth. He noted that investing in clean energy, grid networks, and storage not only advances climate goals but also boosts energy security, industrial capacity, and employment across the continent.
