Iberdrola

Iberdrola, S.A.
Company typeSociedad Anónima
BMAD: IBE
ISINES0144580Y14
IndustryElectric utility
Founded1 November 1992; 32 years ago (1992-11-01)
HeadquartersIberdrola Tower,
Bilbao, Spain
Key people
Ignacio Galán (Chairman and CEO)
The Duke of Rivas (CFO)
ProductsElectricity generation and distribution, renewable energy, natural gas production, sale and distribution, telecommunications
RevenueIncrease €53.949 billion (2022)[1]
7,984,000,000 Euro (2022) Edit this on Wikidata
Increase €4.339 billion (2022)[1]
Total assetsIncrease €154 billion (2022)[1]
Number of employees
Increase 40,090 (2022)[1]
SubsidiariesElektro Holding
Avangrid (partially owned)
ScottishPower
Websiteiberdrola.com

Iberdrola, S.A. (Spanish pronunciation: [iβeɾˈðɾola]) is a Spanish multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers.[2][3]

Subsidiaries include ScottishPower (United Kingdom) and a significant part of Avangrid (United States), amongst others.[4] As of 2023, the largest shareholder of the company is the Qatar Investment Authority, with BlackRock and Norges Bank (managers of the Norwegian Government Pension Fund Global) also holding significant interests.[5]

Iberdrola is the largest producer of wind power, and the world's second largest electricity utility by market capitalisation.[6][7] As of 2023,  the company operates a capacity of 62,045 MW, of which 41,246 MW are from renewable sources worldwide.[8][9]

  1. ^ a b c d "Iberdrola Fact Sheet - Iberdrola". Iberdrola. Retrieved 2023-07-31.
  2. ^ "Results Presentation: Nine months" (PDF). 2023-10-26. Retrieved 2023-11-04. p20: "As of 30 September 2023, Iberdrola had 30.1 million contracts"
  3. ^ "Iberdrola SA - Company Profile and News". Bloomberg.com. Retrieved 2023-11-02.
  4. ^ "Iberdrola to list 18.5 percent of U.S. grids and renewables unit Avangrid". Reuters. 2015-12-16. Retrieved 2023-11-02.
  5. ^ "Iberdrola shareholders structure". Iberdrola. Retrieved 2023-02-20.
  6. ^ "Iberdrola's big bet on renewable energy is working". Quartz. 2023-04-28. Retrieved 2023-11-02.
  7. ^ "Iberdrola First Half Earnings Meet Estimates as Hydro Recovers". Bloomberg.com. 2023-07-27. Retrieved 2023-11-02.
  8. ^ "Iberdrola increases its renewable production by 5.7%, thanks to investments in clean energies". Atalayar. 2023-07-19. Retrieved 2023-11-02.
  9. ^ "Iberdrola reaches 41,246 MW of solar and wind power | REVE News of the wind sector in Spain and in the world". 2023-07-15. Retrieved 2023-11-02.