Iberdrola SA Company Profile
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COMPANY INFORMATION |
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Company Legal Name |
Iberdrola SA |
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Establishment |
1992 |
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Industry |
Electric Utility |
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Geographical Presence |
Worldwide |
Based in Spain, Iberdrola SA operates as a multi-national holding company that engages in the generation, distribution, trading, and marketing of electricity. It is a global energy company, the number-one producer of wind power, and one of the world's biggest electricity utilities by market capitalization.
It operates through the following businesses: Networks, Liberalized, Renewables, and Other Businesses. The Networks business segment engages in the transmission and distribution of energy businesses, as well as those of any other regulated nature, originating in Spain, the United Kingdom, the United States, and Brazil. The Liberalized business includes wholesale and retail of electricity in Spain, Portugal, the United Kingdom, Mexico, and Continental Europe. The Renewables business involves the generation of electricity from renewable energy sources worldwide. The Other Businesses segment consists of the group's supply and gas storage up to the moment of sale and other non-energy businesses.
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CURRENT DATA |
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Company Revenue (March 2019) |
33.1 billion EUR |
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Net Income (March, 2019) |
3.61 billion EUR |
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CEO and Chairman of the Board |
José Ignacio Sánchez Galán |
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Number of Employees (March, 2019) |
34,000+ |
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Registered Address |
Plaza Euskadi, 5 Bilbao, Basque Country 48009, Spain |
Iberdrola plans to invest €150 billion in the run-up to 2030 and thus remain at the forefront of the energy revolution faced by the world's major economies. It has already embarked on a historic €75 billion investment program — to 2025 — to consolidate the business model based on more renewable energy, more networks, more storage, and more smart solutions for its customers.
Iberdrola has one of the biggest renewable pipelines in the business — over 74 GW. By 2030, it will add 60 GW more of installed renewable power, doubling the current capacity, which will reach 95 GW with the expansion to €150 bn.
The group has its business operations in numerous countries and supplies energy to over 100 million people, mainly in Spain, the United Kingdom (Scottish Power), the USA (AVANGRID), Brazil (Neoenergia), Mexico, Germany, Portugal, Italy or France.
PUERTOLLANO GREEN HYDROGEN PLANT - Iberdrola plans to construct the largest green hydrogen plant for industrial use in Europe in 2021. The Puertollano (Ciudad Real) plant will consist of a 100 MW photovoltaic solar plant, a lithium-ion battery system with a storage capacity of 20 MWh, and one of the largest electrolytic hydrogen production systems in the world (20 MW), all from 100 % renewable sources.
With an investment of 150 million euros, the initiative will create up to 700 jobs and prevent emissions of 39,000 tCO2/year. The green hydrogen produced there will be used Fertiberia's local ammonia plant.
Iberdrola and Fertiberia place Spain at the forefront of green hydrogen in Europe, with 800 MW and €1.8 billion investment projected by 2027.
In November 2020, Iberdrola joined with Norwegian company Nel to build and develop large-scale electrolyzers in Spain to make Spain a leader in green hydrogen technology and industry.
Main flagship projects
- Renewable Business: OFF shore wind power
- ONSHORE Wind Energy
- Hydroelectric power
- Photovoltaic energy
- Green Hydrogen
- Networks Business: TRANSMISSION OF RENEWABLE ENERGIES
- Wholesale & Retail businesses: Combined cycle power plants; Smart Solutions
Main Operational Projects:
- East Anglia ONE offshore wind farm;
- Wikinger offshore wind farm
- Cavar onshore wind farm complex
- El Cabo and Amazon US East wind farms
- Baixo Iguaçu hydroelectric power plant
- Núñez de Balboa photovoltaic plant
- Photovoltaic power stations of Santiago and Hermosillo
- STAR Project
- Baja California III combined cycle power plant
Iberdrola SA was incorporated in 1901 and is headquartered in Bilbao, Spain.
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CONTACT INFORMATION |
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Phone Number |
34 94 4151411 |
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Fax Number |
34 94 4663194 |
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Website |
www.iberdrola.com |