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Iberdrola
Iberdrola, S.A. () is a Spanish multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers. Subsidiary, Subsidiaries include ScottishPower (United Kingdom), Avangrid (United States) and Neoenergia (Brazil), amongst others. the largest shareholder of the company is the Qatar Investment Authority, with BlackRock and Norges Bank (managers of the Norwegian Government Pension Fund of Norway, Government Pension Fund Global) also holding significant interests. Iberdrola is the largest producer of wind power, and the world's second largest 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 Pre-WWII 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 Ibe ...
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Hidroeléctrica Española
Iberdrola, S.A. () is a Spanish multinational electric utility company based in Bilbao, Spain. It has around 40,000 employees and serves around 30 million customers. Subsidiaries include ScottishPower (United Kingdom), Avangrid (United States) and Neoenergia (Brazil), amongst others. the largest shareholder of the company is the Qatar Investment Authority, with BlackRock and Norges Bank (managers of the Norwegian Government Pension Fund Global) also holding significant interests. Iberdrola is the largest producer of wind power, and the world's second largest 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 Pre-WWII 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 Hidroel� ...
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José Ignacio Sánchez Galán
José Ignacio Sánchez Galán 1 (born 1950), is a Spanish businessman who currently serves as executive chairman of Iberdrola, a multinational energy company with a presence in dozens of countries worldwide with subsidiaries including ScottishPower in the United Kingdom, Avangrid in USA, Neoenergia in Brazil, Iberdrola Australia and Iberdrola Mexico. In 2019 he is selected by Harvard Business Review as one of the five most important CEOs in the world. while in 2023 Time appointed him as one of the most relevant leaders on fighting against climate change. Early life Galán was born in 1950 in Salamanca, Spain. As a young man, he moved to Madrid to study industrial engineering at the ICAI School of Engineering attached to Comillas Pontifical University. Galán also graduated in business administration from the ICADE Business School and in Business Administration and Foreign Trade from the EOI Business School. He speaks English, French, Italian and Portuguese and is married w ...
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Iberdrola Tower
The Iberdrola Tower (, ) is an office skyscraper in Bilbao, Spain. Its construction started on 19 March 2009 and was officially inaugurated by King Juan Carlos I on 21 February 2012. The tower has a height of 165 metres (541 feet) tall and has 40 Storey, floors. The first eight floors of the tower were to hold a hotel by the Spain, Spanish hotel chain ABBA, but the project was eventually cancelled. The tower, built as Iberdrola's headquarters, is the tallest building in the Basque Country (greater region), Basque Country and the city of Bilbao, and the List of tallest buildings in Spain, ninth tallest building in Spain. The tower was built in Abandoibarra, a former industrial area located next to the Nervión, Nervión river that began to be renewed in the early 1990s and where other emblematic projects such as the Guggenheim Museum Bilbao and the Euskalduna Conference Centre and Concert Hall have been built. There are two residential buildings designed by Carles Ferrater f ...
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Avangrid
Avangrid, Inc. (formerly Energy East and Iberdrola USA), is an energy services and delivery company. Avangrid serves about 3.1 million customers throughout New England, Pennsylvania and New York in the United States. History In 2008 Iberdrola S.A. purchased Energy East. Iberdrola renamed the company Iberdrola USA. In November 2010, Iberdrola USA sold its gas distribution companies in Connecticut and Massachusetts, the Southern Connecticut Gas Company, Connecticut Natural Gas Corporation, and the Berkshire Gas Company, to UIL Holdings Corporation. In 2012, Iberdrola USA sold its energy services companies, Energetix and NYSEG Solutions, to Direct Energy. In February 2015, Iberdrola USA announced that it had entered into a merger agreement with UIL Holdings Corporation under which UIL Holdings Corporation would merge into a subsidiary of Iberdrola USA, Inc. In December 2015, the acquisition was finalized and the company announced a new name, AVANGRID. Avangrid won an auction fo ...
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Ricobayo Dam
The Ricobayo Dam (in Spanish: ''presa de Ricobayo'' or ''salto de Ricobayo'') is a hydroelectric engineering work built on the lower course of the Esla river. It is located less than 1 km from Ricobayo de Alba, in the province of Zamora, Castilla y León, Spain. The section in which it is located is known as the arribes of Esla, a deep geographic depression caused by the millenary erosion of the river. It is part of the Saltos del Duero system together with the infrastructures installed in Aldeadávila, Almendra, Castro, Saucelle and Villalcampo. History The first project dates from 1919, although the projected height and capacity of the reservoir were lower. Soon the engineers of the Sociedad Hispano Portuguesa de Transportes Eléctricos realized that the flows of the Esla river were capable of creating the largest reservoir in Europe at that time (1200 hm³) with a large regulating capacity that would allow winter water to be stored. This is why in the Agreement ...
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Bilbao
Bilbao is a city in northern Spain, the largest city in the Provinces of Spain, province of Biscay and in the Basque Country (greater region), Basque Country as a whole. It is also the largest city proper in northern Spain. Bilbao is the List of cities in Spain by population, tenth largest city in Spain, with a population of more than 347,000 as of 2023. The Bilbao metropolitan area has 1,037,847 inhabitants,Proyecto Audes
making it the most populous metropolitan area in northern Spain. The Comarcas of the Basque Country, comarca of Greater Bilbao is the fifth-largest urban area in Spain. Bilbao is also the main urban area in what is defined as the Basque Country (greater region), Greater Basque region. Bilbao is located in the north-central part of Spain, some south of the Bay of Biscay, where the economic s ...
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ScottishPower
Scottish Power Limited, trading as ScottishPower, is a vertically integrated energy company based in Glasgow, Scotland. It is a subsidiary of Spanish utility firm Iberdrola. ScottishPower is the distribution network operator for Central and Southern Scotland, Merseyside, North Wales and parts of Cheshire and Shropshire. It is also the transmission owner for the south of Scotland. The company also supplies electricity and gas to homes and businesses around the United Kingdom and generates power for supply to the grid. It owned PPM Energy in the United States, which has now been folded into Avangrid. History Foundation ScottishPower was formed in 1990, in preparation for the privatisation of the previously state-owned Scottish electricity industry the following year. Previously the UK government had privatised the English and Welsh electricity industry by splitting the market into 12 regional electricity companies (RECs) and two power generators. However, in Scotland, ...
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Iberduero
Iberduero (IBEX 35: IBE) was a Spanish company, dedicated to the generation and distribution of electricity, founded in Bilbao in 1944, as a result of the merger of '' Hidroeléctrica Ibérica'' and '' Saltos del Duero''. Listed on the Madrid Stock Exchange, it was one of the leading Spanish companies in the electricity sector, and in 1992 it merged, through a takeover bid, with ''Hidroeléctrica Española'' to create Iberdrola, one of the five most important companies in the sector worldwide. Foundation The origin of Iberduero is in the company '' Hidroeléctrica Ibérica'', which was founded in Bilbao by the engineer Juan Urrutia Zulueta on July 19, 1901, with capital provided by the BBVA. Initially, this company was dedicated to the hydroelectric exploitation of several waterfalls that it built in the north of Spain, mainly in the Ebro basin. In 1944, ''Hidroeléctrica Ibérica'' absorbed '' Saltos del Duero'', which had been founded in 1918 to exploit the hydroelectric exp ...
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Spain
Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Europe and the fourth-most populous European Union member state. Spanning across the majority of the Iberian Peninsula, its territory also includes the Canary Islands, in the Eastern Atlantic Ocean, the Balearic Islands, in the Western Mediterranean Sea, and the Autonomous communities of Spain#Autonomous cities, autonomous cities of Ceuta and Melilla, in mainland Africa. Peninsular Spain is bordered to the north by France, Andorra, and the Bay of Biscay; to the east and south by the Mediterranean Sea and Gibraltar; and to the west by Portugal and the Atlantic Ocean. Spain's capital and List of largest cities in Spain, largest city is Madrid, and other major List of metropolitan areas in Spain, urban areas include Barcelona, Valencia, Seville, ...
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IBEX 35
The IBEX 35 (IBerian IndEX) is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets (including the Bolsa de Madrid). It is a market capitalization weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures contracts on the IBEX 35 is provided by MEFF (Mercado Español de Futuros Financieros), another subsidiary of BME. History The IBEX 35 was inaugurated on January 14, 1992, although there are calculated values for the index back to December 29, 1989, where the base value of 3,000 points lies. Between 2000 and 2007, the index outperformed many of its Western peers, driven by relatively strong domestic economic growth which particularly helped ...
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Chief Financial Officer
A chief financial officer (CFO) is an officer of a company or organization who is assigned the primary responsibility for making decisions for the company for projects and its finances; i.a.: financial planning, management of financial risks, record-keeping, and financial reporting, and, increasingly, the analysis of data. The CFO thus has ultimate authority over the finance unit and is the chief financial spokesperson for the organization. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO, and FD is the level before reaching CFO. Legal requirement The ...
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United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ...
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