Iberdrola SA assumes full ownership of Avangrid Inc. in strategic move
12/25/24, 10:32 AM
Location
Industry
renewable energy
energy
renewable energy
energy
Iberdrola SA, a Spanish multinational electric utility company, has completed the acquisition of the remaining 18.4 percent shares of its U.S. subsidiary Avangrid Inc., assuming full ownership of the renewable power producer. With this acquisition, Iberdrola aims to invest more efficiently in the United States, particularly in new energy infrastructure projects, strengthening and expanding its presence in the renewable energy sector.
Company Info
Location
Biscay, Basque, Spain
Company info
Iberdrola, Europe’s largest electricity utility by market capitalization and one of the world's top three electricity companies, is a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia.
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