Spain’s energy giant Iberdrola filed an investors’ day presentation with the Spanish market regulator, CNMV, on Wednesday, stating that it aims to splash out on investments and internationalize the group even further, Thomson Merger News reports.

It is ready to spend €25 billion (US$39 billion) in total between now and 2010, to achieve its growth objectives, which involves expansion in Latin America, the US, Canada and the U.K.

Iberdrola will spend €19 billion on organic investments and about €6 billion (€9.5 billion) on acquisitions, focusing on the power generation, networks, and renewable energy sectors. The company wants to achieve a net profit of €3.5 billion by 2010, up from the €2.4 billion it made in 2007.

Already, it owns ScottishPower, and has shown interest in buying into the U.K.’s nuclear power group, British Energy (BE).

Although Iberdrola does not currently intend to make an offer for BE, it recently said that it remains interested