francine: iberdrola is the world's number one player in power. the chief executive jose ignacio galan has brought his own energy to the company. a self-made man he later liberalized the spanish telecoms sector. since taking the reins in 2001, he has made the transition into renewables and expanded the company's global reach, increasing the company size by four times. today on "leaders with lacqua," we meet jose ignacio galan, iberdrola chairman and chief executive. thank you so much for joining us. do you remember that first day at iberdrola all those years ago? jose: of course. francine: what was that like? jose: after a tremendous fight, i was ready to expand the license for mobile. coming from the sector was already open to competition to a sector that was traditional. it was a real shock. i remember well this date. i think i had the chance to be chairman at the time. they give to me all support to change the company completely. so i think the level of generosity was great. francine: what was your first thought, this is an industry i need to l

. ♪ francine: iberdrola is the world's number one player in power.he chief executive jose ignacio galan has brought his own energy to the company. a self-made man he later liberalized the spanish telecoms sector. since taking the reins in 2001, he has made the transition into renewables and expanded the company's global reach, increasing the company size by four times. today on "leaders with lacqua," we meet jose ignacio galan, iberdrola chairman and chief executive. thank you so much for joining us. do you remember that first day at iberdrola all those years ago? jose: of course. francine: what was that like? after a tremendous fight, thes ready to expand license for mobile. coming from the sector was already open to competition to a sector that was traditional. it was a real shock. i remember well this date. i think i had the chance to be chairman at the time. they give to me all support to change the company completely. so i think the level of generosity was great. francine: what was your first thought, this is an industry i need to liberalize? is

isirman and ceo of iberdrola still with us.re talking about your leadership style and from day one you believed in renewables. how will your industry change in the next 10 years? francine: the world of energy is changing. in the next 25 years, it will increase 60% worldwide, so the economy will be more and more electrified. we would like to achieve the target. is to useolution everyone sources which are not already contaminated. the electricity today, we have the means for producing without burning fossil fuels. the electricity has the means for making ready a network much more efficient. the electricity means for the storage, energy, to provide to the customer when it is needed, and that is how it is going to change. it is huge investment in the next 25 years. trillions,lking in $25 trillion. francine: are you worried about under investment or over investment? jose: look, we need 60% more energy than produced today. we put the money or the system will stop. i think the money will flow. already frameworks, we make that attracti

. ♪ is thee: iberdrola number one player. liberalized galan the spanish telecoms sector. the reins he has made the transition into renewables and expanded the company's global reach and increasing the company size by four times. today on "leaders with lacqua," we meet jose ignacio galan,