July 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. was the leading investment destination for global energy player Iberdrola S.A. (Bilbao, Spain) in the first half of 2024, accounting for about 34% of its roughly $5.73 billion of investments worldwide. The company joins other power-generation developers in responding to the skyrocketing demand from data centers and other heavy energy-consuming projects.

Industrial Info is tracking more than $20 billion worth of active and proposed projects from Iberdrola across the U.S., more than 80% of which is attributed to power-generation projects. Iberdrola said in a recent earnings report that its global portfolio for power purchase agreements (PPAs) increased by 3 terawatt-hours (TWh) over the past year, including an extension of a long-term PPA between U.S.-based subsidiary Avangrid Incorporated (NYSE:AGR) and CPS Energy, the municipal utility of San Antonio.

Other companies featured: Meta Platforms Incorporated (NASDAQ:META) and Canadian Solar Incorporated (NASDAQ:CSIQ).