Iberdrola's Executive Chairman, Ignacio Galán, advocated for the need to maintain nuclear energy in Europe during his intervention on a live panel at the annual meeting of the World Economic Forum in Davos. In his opinion, to be energy self-sufficient and independent, the continent must have clean technologies: "We have wind, hydroelectric, solar and nuclear energy", but no gas and little oil. Moreover, renewables are competitive and new installations are cheaper to build than the ones that require fossil fuels.
"We have proven, at least with the nuclear power plants that are already in operation, that they are safe, efficient and absolutely necessary to keep the lights on at a time when new demand is growing, like data centres that require stable supply 24 hours a day, seven days a week," he said.
During his speech on the panel entitled The Importance of Climate Technology, in the section Industries in the Intelligent Age, the Executive Chairman of Iberdrola said that electrification is the best and fastest way to decarbonise the economy'.
Galán has generally defended a new drive for electrification in the European Union so as not to be left behind not only by the United States, but also by China. He warned that "in Europe we fly the flag for the green economy" but "we are behind some of the countries that we have criticised the most, such as China", which has made notable progress in electrification.
