The largest in Spain, Iberdrola is a public multinational electric utility company with its headquarters in Bilbao, Spain.
Founded only in 1992, it is a 23 year old company giving a source of income to more than 30,000+ employees across a dozen countries located across 4 continents. It serves the power requirements of more than 31.67 million customers through its many subsidiaries like Iberdrola USA, Elektro, Brazil and Scottish Power in Scotland.
The major shareholders of the company include Qatar Investment Holding, ACS, Kuxabank and Bankia. The company began its international operations only 8 years after its formation but has still proved its mettle becoming the global leader in wind power generation and also the number European Utility by market capitalization. Primarily listed on the Bolsa De Madrid (BMAD) as IBE, it is also an IBAX 35 component and a Euro Stoxx 50 Stock Market index component.
The company operates mainly in the Deregulated business in over 40 countries in Europe, North America and Latin America, and in the Regulated business in Spain, USA and Brazil. The company also has an operating installed capacity for its Renewable energy business of over 14.787 MW. The company’s primary activities consist of Production of electricity, Trade in electricity in wholesale markets, Marketing of electricity, gas and associated energy services and Transmission and distribution of electricity.