|Sociedad Anónima Unipersonal|
|Fate||Merged with Iberdrola|
|Defunct||July 11, 2011|
|Ignacio Galán (president)
Xavier Viteri (CEO)
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: it was the world's largest owner-operator of wind farms, 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. 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. 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.
Merger with Iberdrola
In July 2011, Iberdrola Renovables merged with its parent company Iberdrola and is now Iberdrola's renewable energy business. Minority shareholders could change their shares into Iberdrola shares at a 1 for 2 ratio, equivalent to a value of around €3 for each share of Iberdrola Renovables.
- "UPDATE 3-EDP Renewables shares slip on bourse debut". Reuters. 2008-06-04.
- "Iberdrola to float world's largest wind-power company: report". MarketWatch. 9 September 2007. Retrieved 2008-09-20.
- "Iberdrola to raise up to 4 bln eur in Iberenova float - report". AFX News. ABC Money. 9 September 2007. Retrieved 2008-09-20.
- Rix, Kristian (13 December 2007). "Iberdrola Unit Drops in Debut After $6 Billion IPO". Bloomberg. Retrieved 2008-09-20.
- "Criteria, Iberdrola Renovables to replace Altadis, AGBAR in IBEX-35 index Feb 4". AFX News. Forbes. 29 January 2008. Archived from the original on 2008-02-03. Retrieved 2008-09-20.
- Iberdrola and Iberdrola Renovables approve merger plan, 03/22/2011