# Iberdrola becomes the world's largest power provider by market cap — retained record

> Retained news record from news:semafor.

Canonical: https://highsignal.app/data/records/de39b040c1c2c746

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-10-06 14:47 ingested 2026-10-07 02:57

[original source ↗](https://www.semafor.com/article/10/06/2026/iberdrola-becomes-the-worlds-largest-power-provider-by-market-cap)

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Iberdrola, the Spanish electric utility and renewable energy developer, surpassed Florida-based NextEra Energy as the world’s largest power provider by market capitalization on Tuesday, reaching above €141 billion. Iberdrola’s growing strength comes from its broader global footprint, which includes assets in Europe, North and South America, and Australia, a spokesperson said.
Both NextEra and Iberdrola have made major investments in utility-scale renewables, and moved to capture explosive demand from data centers and economy-wide electrification. NextEra could be back in the throne soon, however, if US regulators approve its proposed $67 billion merger with Dominion.
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document fetched 2026-10-07 02:57 · canonical https://semafor.com/article/10/06/2026/iberdrola-becomes-the-worlds-largest-power-provider-by-market-cap