Iberdrola Renovables
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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 €5.30 each. The operation totalled €5 billion, the largest placement ever made on the Spanish market by a new company.Script error: No such module "Unsubst".
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] 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.
See also
References
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- ↑ Iberdrola and Iberdrola Renovables approve merger plan, 03/22/2011
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External links
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- Renewable energy companies of Spain
- Wind power companies
- Renewable energy in Spain
- Companies based in Valencia
- Energy companies established in 2001
- Renewable resource companies established in 2001
- Energy companies disestablished in 2011
- Spanish companies established in 2001
- Renewable resource companies disestablished in 2011
- Spanish companies disestablished in 2011
- Defunct electric power companies of Spain
- Iberdrola
- Companies formerly listed on the Madrid Stock Exchange