Company Description

IBERDROLA is Spain’€™s leading energy group, one of the top five electricity companies worldwide, and global leader in wind energy. This has been possible thanks to a solid, long-term industrial project that has created value, founded on a sustainable growth strategy and the efforts of a multicultural workforce of 33,000 professionals in 40 countries. With 30 million customers, IBERDROLA is working towards providing the cleanest energy on the planet. After more than 150 years of progress, IBERDROLA plays a leading role in the evolving international energy panorama, in which secure, competitive and sustainable supply is paramount and in which clean technology will be decisive in combating climate change and reducing dependence on fossil fuels. In 2010, Networks Business, Electric and Gas Transmission and Distribution in Spain, United Kingdom and the United States, represented 39%of Group EBITDA and 25% of its investments. IBERDROLA has recently completed the acquisition of Brazilian electricity distribution company Elektro for $2.4 billion a transaction that reaffirms its commitment to expand in one of the markets viewed as key to its international growth strategy. Elektro has 2.2 million customers mainly in Sao Paulo state.

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