Iberdrola Renovables
 |
|
| Sociedad Anónima Unipersonal | |
| Traded as | BMAD:IBR |
| Industry | Renewable energy |
| Fate | Merged with Iberdrola |
| Founded | 2001 |
| Defunct | July 11, 2011 |
| Headquarters | Valencia, Spain |
|
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.
History
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
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
In July 2011, Iberdrola Renovables merged with its parent company Iberdrola and is now Iberdrola's renewable energy business.[6]
See also
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Iberdrola and Iberdrola Renovables approve merger plan, 03/22/2011
