IBERDROLA RENOVABLES today launched its own corporate website (www.iberdrolarenovables.com), in another step towards the market listing of the renewables subsidiary of Spain’s IBERDROLA utility group, planned to take place before the end of 2007.
As the world’s leading producer and developer of wind power*, the company wants to make its web site an essential international reference point for information about renewable energies.
The site will contain all the corporate and financial information required from listed companies in the section “Information for Shareholders and Investors”. At the same time it will publish advice for contributing to sustainable development and environmental protection.
Thus the site opens up channels of communication with stakeholders –investors, shareholders; and society at large—and also with news media, official bodies, and public and private organisations.
The site will also disseminate the new company logo, introduced this summer, and its sustainable, green, dynamic, and modern values.
Available in Spanish and English, the www.iberdrolarenovables.com is divided into five sections:
IBERDROLA RENOVABLES, which engaged the Genetsis firm to help develop its web site, will aim for the double-A** accessibility rating for web content 1.0 from W3C-WAI, within the framework of its socially responsible policies.
IBERENOVA’s worldwide operational renewable energy generation capacity reached 7,342 MW on 30 September, representing an 80% increase from the 4,076 MW total a year earlier. This makes it the world’s largest producer of energy from renewable sources. Some 2,965 MW of total capacity is outside Spain. The total includes 342 MW from small scale hydroelectric plants.
IBERENOVA added 162 MW to its wind power potential in thirteen Spanish regions in the first nine months of 2007: 98 MW in Andalusia, 48 MW in Castile-León, 12 MW in Murcia, and 4 MW in the Basque Country.
In the international sphere, the company added 354 MW of capacity in the third quarter, and now operates 2,046 MW in the United States***, 372 MW in the United Kingdom, 214 MW in Greece, 89 MW in Poland, 86 MW in France, 60 MW in Germany, 50 MW in Portugal, and 49 MW in Brazil.
Meanwhile, IBERENOVA’s renewables projects, in varying stages of development, now add up to more than 41,200 MW. More than half (some 21,200 MW) are in the United States, with about 6,600 MW in Spain, nearly 6,100 MW in the United Kingdom, and some 7,350 MW in the rest of the world.
Output from the company’s operational renewables plants reached 9.4 billion kWh in the third quarter, up 68% from same-2006, and accounted for 11% of the IBERDROLA group’s total electricity production.
Annual production by the renewables plants is the equivalent to the average consumption of 10.5 million people in Spain, and it spares the earth’s atmosphere from emissions of more than 4.5 million tonnes of CO2 each year.
* Source: New Energy Finance (May, 2007).
** A double-A rating from the WAI (Web Accessibility Initiative) means that the site facilitates access and interaction by the disabled, the elderly, and people using unconventional technologies.
*** Includes 606 MW belonging to a third part under an energy sales contract.
Currently pending approval by Spain's Securities Market Commission (CNMV) is the prospectus for initial public offering of shares in Iberdrola Renovables, S.A.U. Once it has been approved, the prospectus will be made available to investors on the web sites of Iberdrola Renovables, S.A.U. and the CNMV, at the corporate domicile of Iberdrola Renovables, S.A.U., the relevant stock exchanges, the entities participating in the placement, and the agent.
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