All Brands Owned by Iberdrola

What does Iberdrola own?
Iberdrola owns six major subsidiary brands: ScottishPower (UK electricity and gas), Avangrid (NYSE: AGR, U.S. regulated utilities and renewables, 81.5% owned), Neoenergia (B3: NEOE, Brazilian electricity distribution and generation, approximately 53% owned), Iberdrola Espana (Spanish electricity), Iberdrola Mexico (Mexican electricity generation), and Iberdrola Energia Internacional (operations in Germany, France, Italy, Australia, and other markets). The company also operates Iberdrola Renovables as its global renewable energy development arm.

Is Iberdrola publicly traded?
Yes. Iberdrola is listed on the Spanish stock exchange (BME: IBE) as part of the IBEX 35 index. The company is also traded on the New York Stock Exchange through American Depositary Receipts (NYSE: IBDRY). Iberdrola has a standard single-class share structure with one vote per share. The largest shareholder is Qatar Investment Authority (QIA) with approximately 8.7% of shares. Avangrid and Neoenergia are separately listed on the NYSE and B3, respectively.

Who founded Iberdrola?
Iberdrola was founded in 1992 through the merger of Iberduero and Hidroelectrica Espanola, two of Spain's largest electricity companies. Hidroelectrica Espanola was founded in 1901 and built some of Spain's first hydroelectric power plants. Iberduero was formed in 1944 through a merger of several Basque-region utilities. The 1992 merger was driven by the liberalization of the European electricity market and the need for scale to compete.

Where is Iberdrola headquartered?
Iberdrola is headquartered in Bilbao, Spain. The company's corporate offices are in the Torre Iberdrola, a 165-meter skyscraper designed by architect Cesar Pelli that serves as the company's global headquarters. Bilbao is the capital of the Basque Country region, where Iberdrola's predecessor companies had their historical roots. Major subsidiary operations are based in Glasgow (ScottishPower), Orange, Connecticut (Avangrid), and Rio de Janeiro (Neoenergia).

How many brands does Iberdrola own?
Iberdrola owns 6 major subsidiary brands: ScottishPower, Avangrid, Neoenergia, Iberdrola Espana, Iberdrola Mexico, and Iberdrola Energia Internacional. The company also operates Iberdrola Renovables as its renewable energy development arm. Two subsidiaries, Avangrid (NYSE: AGR) and Neoenergia (B3: NEOE), are separately listed on stock exchanges with Iberdrola retaining controlling stakes.

Who owns Iberdrola?
Iberdrola is publicly traded with no controlling shareholder. The largest shareholder is Qatar Investment Authority (QIA), which holds approximately 8.7% of shares. Other major institutional holders include BlackRock (approximately 5%), Capital Group (approximately 3%), and various Spanish and international investment funds. The company has a standard single-class share structure with one vote per share. Ignacio Sanchez Galan serves as Executive Chairman.

What is Iberdrola's revenue?
Iberdrola reported FY2024 revenue of EUR 49.3 billion, with EBITDA of EUR 16.5 billion and net profit of EUR 5.6 billion. The Networks segment contributed approximately EUR 9.0 billion in EBITDA, the Liberalized Generation and Supply segment approximately EUR 5.5 billion, and the Renewables segment approximately EUR 2.0 billion. The company serves approximately 62 million customers across nearly 40 countries and has approximately 44,000 MW of installed renewable capacity.

Is Iberdrola involved in any legal proceedings?
Iberdrola and its subsidiaries face various regulatory and legal matters. In Spain, the company has contested government windfall taxes on energy companies. In the U.S., Avangrid's Central Maine Power faced regulatory scrutiny over billing errors and service reliability. The Vineyard Wind project faced legal challenges from fishing communities and a temporary halt after a blade failure in 2024. In Mexico, Iberdrola resolved regulatory tensions through a 2023 agreement to sell 13 gas-fired plants to the government for approximately $6.2 billion. In Brazil, Neoenergia has faced regulatory fines for distribution reliability issues.