ABB_id2059
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.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015