Iberdrola

Iberdrola is a Spanish multinational electric utility company based in Bilbao, Spain. Iberdrola has a workforce of around 34,000 employees serving around 30 million customers. Subsidiaries include Scottish Power (United Kingdom) and a significant part of Avangrid (United States), amongst others. As of 2023, the largest shareholder of the company is the Qatar Investment Authority, with BlackRock and Norges Bank also holding significant interests.

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

History :

Iberdrola was created on November 1, 1992, from the merger between Hidroeléctrica Española and Iberduero. Hidroeléctrica Española, also known as Hidrola, had started in 1907, while Iberduero arose from the merger between Hidroeléctrica Ibérica and Saltos del Duero in 1944. As of 2011 and with the integration of ScottishPower and Energy East, now renamed Iberdrola USA, the company has become a major multinational group.