in News Departments > FYI
print the content item

Iberdrola, a Spain-headquartered electric utility and wind power developer, has completed the acquisition of ScottishPower, an international energy company. The transaction was valued at 17.1 billion euros, the companies say.

In November 2006, the two companies came to a merger agreement - in March, Iberdrola's shareholders approved the agreement. At that time, the merger was pending ScottishPower's shareholders' approval. The two companies now have a combined capacity of 40,000 MW, Iberdrola says.

In addition, Ignacio Galan, Iberdrola's chair and chief executive officer, has been appointed chair of ScottishPower. Jose Luis del Valle, Iberdrola's board member and director of strategy and development, will become ScottishPower's chief executive officer.


Trachte Inc._id1770
Latest Top Stories

Wind Energy Dominates New U.S. Power In October

Data from the Federal Energy Regulatory Commission shows that wind power accounted for over two-thirds of the country's new electricity generating capacity in last month.


Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?

Renewable NRG_id1934
Hybrid Energy Innovations 2015