Iberdrola
From Wikipedia, the free encyclopedia
 |
|
| Type | S.A. (BMAD: IBE) |
|---|---|
| Founded | 1 November 1992 |
| Headquarters | Bilbao, Spain |
| Key people | Ignacio Sánchez Galán (Chairman of the board and CEO) |
| Industry | Utilities |
| Products | Electricity generation and distribution, renewable energy, natural gas production, sale and distribution, telecommunications |
| Revenue | €25.20 billion (2008)[1] |
| Operating income | ▲ €4.262 billion (2008)[1] |
| Profit | ▲ €2.969 billion (2008)[1] |
| Employees | 28,100 (2008)[1] |
| Subsidiaries | Energy East, Iberdrola Renovables, Scottish Power |
| Website | www.iberdrola.com |
Iberdrola, S.A., (BMAD: IBE) is one of the leading private electric utilities worldwide and the largest renewable energy operator in the world.[2] Its services reach 16 million customers, over nine million in Spain. Its operations include generation, transmission, distribution and marketing of electricity and natural gas.
Iberdrola is a 100-year-old company based in Bilbao devoted to the national and international energy sector. As of March 2006, it had an installed capacity of 3914 megawatts from renewable sources of which 3598 megawatts come from wind power.
Iberdrola bought Scottish Power in April 2007. The merger created the third largest utility in Europe, and generates around 6000 megawatts of renewable energy. The price offered for Scottish Power by Iberdrola, which generates most of its energy from coal fired power stations and natural gas, was 40% higher than a bid a year earlier from E.ON of Germany. Iberdrola is also Spain's largest nuclear energy producer.
In September 2008, Iberdrola bought Energy East, a utilities company that serves 2.9 million customers in the Northeast United States.[3], following approval by the New York Public Service Commission.[4]
20% of the company's renewable energy division Iberdrola Renovables, the world's largest owner-operator of wind farms,[5] was spun off on the Bolsa de Madrid in December 2007 in a €4.1 billion IPO.[6]
Building of Iberdrola's new headquarters (Iberdrola Tower) in Bilbao started in 2007. The tower will be 165 m high and has been designed by architect Cesar Pelli.
Some 8% of the shares are owned by Grupo ACS.[7]
[edit] References
- ^ a b c d "Annual Report 2008". Iberdrola. http://www.iberdrolainforme2008.com/UK/pdf/consolidated_financial_statements.pdf. Retrieved on 2009-05-13.
- ^ "Spain's Iberdrola signs investment accord with Gulf group Taqa". AFX News (Forbes). 25 May 2008. http://www.forbes.com/afxnewslimited/feeds/afx/2008/05/25/afx5046256.html. Retrieved on 2009-01-18.
- ^ "Iberdrola closes $4.5B Energy East deal". http://www.bizjournals.com/albany/stories/2008/09/15/daily21.html. Retrieved on December 23, 2008.
- ^ "NY regulators approve Iberdrola-Energy East deal". http://www.reuters.com/article/regulatoryNewsIndustryMaterialsAndUtilities/idUSN0326811020080903. Retrieved on december 23, 2008.
- ^ "Iberdrola to float world's largest wind-power company: report". MarketWatch. 9 September 2007. http://www.marketwatch.com/news/story/iberdrola-float-worlds-largest-wind-power/story.aspx?guid={BEF87753-C875-412C-AE99-893BD385A035}. Retrieved on 2008-09-20.
- ^ Rix, Kristian (13 December 2007). "Iberdrola Unit Drops in Debut After $6 Billion IPO". Bloomberg. http://www.bloomberg.com/apps/news?pid=20601085&sid=aOTq_88747JA&refer=europe. Retrieved on 2008-09-20.
- ^ Shareholder information
[edit] See also
[edit] External links
- Official site
- IBERDROLA, World Leader in Renewable Energy, Enters the U.S. Market with the Forthcoming Acquisition of Community Energy, Inc.
- Iberdrola Has the Wind at its Back
- Iberdrola Renewables.
|
|||||
