About Iberdrola (IBE)

Company Description:

Iberdrola, S.A. is a leading company in the global energy sector, primarily engaged in the production, distribution, and trading of electricity. It operates through the following segments: Networks, Liberalized, Renewables, and Other Businesses.

Iberdrola was founded in 1992, following the merger of Hidroeléctrica Española and Iberduero, and is currently headquartered in Bilbao, Spain.

Main Product(s):

The company's primary products include electrical power and natural gas, focusing on renewable energy sources like wind and solar power.

Short History of Iberdrola, S.A.:

1992: Iberdrola was formed by the merger of Hidroeléctrica Española and Iberduero.

Early 2000s: Began expansion into renewable energy, particularly wind power.

2010: Acquired Scottish Power, expanding its footprint in the UK.

2014: Launched the STAR project to improve network efficiency in Brazil.

2019: Announced a significant investment in renewable energy as part of its commitment to sustainable energy.

2021: Continued expansion in the renewable sector, focusing on solar and offshore wind energy projects.