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* [http://www.iberdrola.es/webibd/corporativa/iberdrola?IDPAG=ENWEBCONLINRENOVABLES Renewable energy business in Iberdrola website] |
* [http://www.iberdrola.es/webibd/corporativa/iberdrola?IDPAG=ENWEBCONLINRENOVABLES Renewable energy business in Iberdrola website] |
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[[Category:Power companies of Spain]] |
[[Category:Power companies of Spain]] |
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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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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]