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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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 Hidroelà ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
