Iberdrola

Infobox Company
company_name = Iberdrola
company_
company_type = S.A. (corporation)
foundation = 1 November 1992
location = Bilbao (Basque Country), Spain
key_people =
industry = Electric
products = Electricity, Telephone, Internet, Natural Gas, Security
revenue =
operating_income =
net_income =
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parent =
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homepage = http://www.iberdrola.com
footnotes =

Iberdrola, S.A., (BMAD|ES0144580Y14|IBE) is one of the leading private electric utilities worldwide and the largest renewable energy operator in the world. 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 (Basque Country) 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, is 40% higher than a bid a year earlier from E.ON of Germany. Iberdrola is also Spain's largest nuclear energy producer.

In 2007 Iberdrola agreed to purchase Energy East, a utilities company that serves 2.9 million customers in the Northeast United States. The deal is expected to close in 2008. [http://www.nysun.com/new-york/state-agency-approves-iberdrola-energy-east-plan/85132/]

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. [ [http://www.iberdrola.es/wcorp/corporativa/iberdrola?IDPAG=ENPARTSIGNIF&codCache=12026756949749039 Shareholder information] ]

References

ee also

*Wind power in Spain

External links

* [http://www.iberdrola.com Official website]
* [http://www.communityenergy.biz/pr/cei_pr_iberdrola.html IBERDROLA, World Leader in Renewable Energy, Enters the U.S. Market with the Forthcoming Acquisition of Community Energy, Inc.]
* [http://www.businessweek.com/globalbiz/content/jun2007/gb20070606_035630.htm?chan=globalbiz_europe+index+page_top+stories Iberdrola Has the Wind at its Back]
* [http://www.iberdrolarenovables.es/wcren/cargaOfertaPublica.do?cambioIdioma=en Iberdrola Renewables] .