Iberdrola, S.A.

Iberdrola S.A. is a Spanish multinational electric utility company headquartered in Bilbao. With over 40,000 employees worldwide serving approximately 30 million customers across Europe, North America (notably through its US subsidiary Avangrid), South America (Neoenergia), and other regions, Iberdrola stands as one of the world’s largest utilities by market capitalization. The company is recognized as a global leader in renewables—especially wind power—and has rapidly expanded its solar portfolio; as of late 2024 it operated nearly 7.8 GW of solar capacity globally. Major projects include some of Europe’s largest photovoltaic plants such as Francisco Pizarro in Spain (590 MW) and significant developments in Mexico and the United States. Iberdrola’s business model emphasizes sustainability through investments in clean energy generation—including solar PV—smart grids, large-scale storage solutions, digital transformation initiatives for grid modernization, all aimed at accelerating decarbonization while ensuring reliable supply.
The group also provides engineering design/construction services for renewable installations, operates extensive transmission/distribution networks, invests heavily in R&D for advanced grid technologies, and offers retail energy products to diverse customer segments.