Iberdrola Renovables

Iberdrola Renovables

Company type	Subsidiary
Industry	Renewable energy
Predecessor	Iberenova
Founded	2001
Founder	Iberdrola
Defunct	2011
Fate	Merged into Iberdrola
Headquarters	Valencia , Spain
Area served	Worldwide
Products	Wind power, solar power, hydro power, biomass, wave power
Owner	Iberdrola
Parent	Iberdrola
Website	www.iberdrolarenovables.com

Iberdrola Renovables operated as a subsidiary under Iberdrola, with its headquarters located in Valencia, Spain. The company focused primarily on renewable energy, especially wind power, and was recognized as the largest global entity in renewable energy as well as the foremost owner and operator of wind farms. Its activities also extended to solar, hydro, biomass, and wave power industries.

History

Established in 2001 and originally incorporated in Madrid under the name Iberenova, the firm functioned as a fully owned subsidiary of Iberdrola. By 2009, the company relocated its registered office to Valencia while preserving substantial operations in both Madrid and Bilbao.

Flotation

The company debuted on the Madrid Stock Exchange in December 2007 through an initial public offering comprising 844,812,980 shares priced at €5.30 each, generating €5 billion—the largest market debut by a new Spanish firm to date. In February 2008, Iberdrola Renovables was included in the prominent IBEX 35 index.

Merger with Iberdrola

In July 2011, Iberdrola Renovables was integrated back into its parent company, Iberdrola, becoming its dedicated renewable energy branch. Shareholders holding minority stakes were offered an exchange of their shares for Iberdrola shares at a ratio of one Iberdrola Renovables share for every two Iberdrola shares, valuing each share around €3.

See also

• Enel Green Power

External links

• Official site