in News Departments > New & Noteworthy
print the content item

Iberdrola, a Spain-headquartered electric utility and wind power developer, plans to sell up to 20% of shares in its renewable energy subsidiary Iberdrola Energias Renovables (Iberenova) through a capital increase to be followed by an initial public offering in the fourth quarter of this year. In addition, the utility authorized a prior reorganization of this business area with the goal of incorporating all renewable-energy-related subsidiaries of Iberdrola and ScottishPower companies in Iberenova.

The company says this plan will give the subsidiary increased visibility and provide resources to finance growth, without affecting the financial strength of the group. Iberdrola has a project pipeline worldwide of about 38,000 MW - approximately 19,200 MW of which is in the U.S.


Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934