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![]() Headquarters in Iberdrola Tower, Bilbao | |
Company type | Sociedad Anónima |
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BMAD: IBE | |
ISIN | ES0144580Y14 |
Industry | Electric utility |
Founded | 1 November 1992 |
Headquarters | Iberdrola Tower, |
Key people | Ignacio Galán (Chairman and CEO) The Duke of Rivas (CFO) |
Products | Electricity generation and distribution, renewable energy, natural gas production, sale and distribution, telecommunications |
Revenue | ![]() |
7,984,000,000 Euro (2022) ![]() | |
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Total assets | ![]() |
Number of employees | ![]() |
Subsidiaries | Elektro Holding Avangrid (partially owned) ScottishPower |
Website | iberdrola.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,[update] 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 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]
p20: "As of 30 September 2023, Iberdrola had 30.1 million contracts"