Iberdrola Renovables

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Iberdrola Renovables
Former type Sociedad Anónima Unipersonal
Traded as BMAD:IBR
Industry Renewable energy
Fate Merged with Iberdrola
Founded 2001 (2001)
Defunct July 11, 2011 (2011-07-11)
Headquarters Valencia, Spain
Key people Ignacio Galán (president)
Xavier Viteri (CEO)
Parent Iberdrola
Iberdrolarenovables valencia.jpg

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.

History[edit]

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.

Flotation[edit]

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 €5.3 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]

Merger with Iberdrola[edit]

In July 2011, Iberdrola Renovables merged with its parent company Iberdrola, so is now the Iberdrola's renewable business.[6]

See also[edit]

References[edit]

External links[edit]