Iberdrola

Iberdrola SA
legal form	Corporation
ISIN	ES0144580Y14
founding	1992
Seat	Bilbao , Spain
management	Jose Ignacio Sanchez Galan (Chairman and CEO)
Number of employees	28,021 (2014)
sales	EUR 30.03 billion (2014)
Branch	Energy supplier
Website	www.iberdrola.es

The Iberdrola SA is a Spanish electricity generation and distributor in the world, based in Bilbao . In 2008 the company was the seventh largest European electricity producer. The Iberdrola Energie Deutschland GmbH branch is located in Berlin .

In the Forbes Global 2000 of the world's largest companies, Iberdrola ranks 146th (as of 2017 financial year). The company had a market value of around US $ 50 billion in mid-2018.

backgrounds

The company serves around 16 million customers, more than nine million of them in Spain. In addition to generating electrical energy from hydropower and wind, the company also sells natural gas and is involved in the operation of five nuclear power plants in Spain .

history

The company was formed in 1992 from the merger of Hidroeléctrica Española (Hidrola) and Hidroeléctrica Ibérica , founded in 1901 and 1907, respectively.

The company took over British energy company ScottishPower on March 30, 2007 for £ 11.7 billion. In September 2008, Iberdrola took over the US utility Energy East . In July 2011 the company merged with Iberdrola Renovables .

Iberdrola has a stake of almost 8% in the manufacturer of wind turbines Siemens Gamesa .

Sanctions

At the end of November 2015, Iberdrola was sentenced by the Spanish competition authority ( Comisión Nacional de los Mercados y la Competencia ) to a fine of 25 million for manipulating the electricity market. Already in 2007 (38.7 million) and 2009 (15 million) the group had been sentenced to heavy fines.

Web links

Individual evidence

↑ ^a ^b Iberdrola 2014 Consolidated Financial Statements , at www.iberdrola.es , accessed on November 19, 2015
↑ Christian Schülke at ifri.org: The EU's Major Electricity and Gas Utilities since Market Liberalization ( Memento of December 9, 2011 in the Internet Archive ) (PDF; 1.8 MB), page 20 (accessed on May 3, 2011)
^ The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).
↑ http://www.iht.com/articles/2006/11/28/business/web.1128power.php
↑ Jim Jelter: Iberdrola to buy Energy East for $ 4.5 billion. In: Market Watch . Dow Jones & Company , June 25, 2007, accessed September 16, 2018 .
↑ Most important shareholders in Siemens Gamesa. Retrieved March 14, 2018 .
↑ "Multa de 25 milliones a Iberdrola por manipular el mercado eléctrico" . In: El País of November 30, 2015.

[FS_14-1] Iberdrola 2014 Consolidated Financial Statements , at www.iberdrola.es , accessed on November 19, 2015

[2] Christian Schülke at ifri.org: The EU's Major Electricity and Gas Utilities since Market Liberalization ( Memento of December 9, 2011 in the Internet Archive ) (PDF; 1.8 MB), page 20 (accessed on May 3, 2011)

[3] The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).

[4] ttp://www.iht.com/articles/2006/11/28/business/web.1128power.php

[5] Jim Jelter: Iberdrola to buy Energy East for $ 4.5 billion. In: Market Watch . Dow Jones & Company , June 25, 2007, accessed September 16, 2018 .

[6] Most important shareholders in Siemens Gamesa. Retrieved March 14, 2018 .

[7] "Multa de 25 milliones a Iberdrola por manipular el mercado eléctrico" . In: El País of November 30, 2015.