In Good Company with Nicolai Tangen Ignacio Galán Chair of Iberdrola: Energy transition, permits, speed and values.
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Oct 18, 2023 Ignacio Galán, Executive Chair of Iberdrola and visionary behind its transformation into a renewable energy powerhouse, shares insights into the slow pace of the energy transition. He discusses the balance between rural values and sustainability, the necessity for diverse technologies like offshore wind and green hydrogen, and the importance of trust in project execution. Galán emphasizes the need for urgency in decision-making and highlights how cultural diversity can enhance corporate strategy while encouraging the next generation to embrace sustainable practices.
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Galán's Green Vision
- Ignacio Galán's background in telecoms, shipbuilding, and battery engineering influenced his vision for Iberdrola.
- He championed the company's shift to green energy, facing internal resistance to even changing the company's color from blue to green.
Short-Term Thinking Hinders Renewables
- The slow pace of renewable energy adoption stems from short-term political thinking overriding long-term climate goals.
- Politicians often prioritize immediate issues over long-term visions, hindering progress towards net zero.
Bureaucracy and Permitting
- Obtaining permits for renewable energy projects involves multiple authorities at different levels, creating delays.
- Each authority can impose restrictions, prolonging the approval process.