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[[Category:Wind power companies]] |
[[Category:Wind power companies]] |
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[[Category:Renewable energy in Spain]] |
[[Category:Renewable energy in Spain]] |
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[[Category:Energy companies established in 2001]] |
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[[Category:Renewable resource companies established in 2001]] |
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[[Category:Companies disestablished in 2011]] |
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[[Category:2001 establishments in Spain]] |
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[[Category:2011 disestablishments in Spain]] |
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| Company type | Sociedad Anónima Unipersonal |
|---|---|
| BMAD:IBR | |
| Industry | Renewable energy |
| Founded | 2001 (2001) |
| Defunct | July 11, 2011 (2011-07-11) |
| Fate | Merged with Iberdrola |
| Headquarters | , |
Key people | Ignacio Galán (president) Xavier Viteri (CEO) |
| Parent | Iberdrola |
Iberdrola Renovables was a subsidiary of Iberdrola, headquartered in Valencia, Spain, which included companies in the domains of renewable energy, particularly wind power. The firm was the world's largest renewable energy firm:[1] it was the world's largest owner-operator of wind farms,[2] but also operated in the solar, hydro, biomass and wave power industries.
Iberdrola Renovables was registered in Madrid following its incorporation in 2001. It started as a wholly owned business unit of Iberdrola under the name Iberenova.[3] In 2009 the company changed its registered office to Valencia. However, it still had a strong presence in Madrid and in Bilbao, its birthplace.
The company was listed on the Madrid Stock Exchange in December 2007 in an initial public offering.[4] 844,812,980 new shares were placed at a price of €5.30 each. The operation totalled €5 billion, the largest placement ever made on the Spanish market by a new company.[citation needed]
The company joined the benchmark IBEX 35 index in a February 2008 reshuffle.[5]
In July 2011, Iberdrola Renovables merged with its parent company Iberdrola and is now Iberdrola's renewable energy business.[6]
