1901 CE
Hidrola Founded
Hidroeléctrica Ibérica (Hidrola) is established to develop hydroelectric power in Spain. It becomes a cornerstone of future Iberdrola. #energy #history
Chronological Storyline (26 Milestones)
1944 CE
Iberduero Formed
Iberduero is created from the merger of Hidrola and Saltos del Duero, becoming a major Spanish utility focused on hydroelectric power. #energy #history
By AnonymousUnknown author - Iberdrola, Public domain, https://commons.wikimedia.org/w/index.php?curid=113858946
1992 CE
Merger Creates Iberdrola
Iberduero and Hidrola merge to form Iberdrola, creating one of Spain's largest electric utilities. #corporate #history
By Zarateman - Own work, CC0, https://commons.wikimedia.org/w/index.php?curid=40571713
1995 CE
Launch of International Expansion
Iberdrola begins international expansion, investing in Latin American energy markets, starting with operations in Brazil and Argentina. #expansion #energy
1998 CE
Acquisition of Viesgo
Iberdrola acquires Viesgo, a Spanish electric company, strengthening its domestic market position. #acquisition #energy
2001 CE
Entry into UK Market
Iberdrola enters the UK energy market through the acquisition of Scottish Power, becoming a major player in Europe. #expansion #energy
By Thomas Nugent - From geograph.org.uk, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=75916824
2002 CE
Iberdrola Renovables Created
Iberdrola founds a renewable energy subsidiary, Iberdrola Renovables, to focus on wind and solar power. #renewable #energy
By Lorenagenet - Own work, Public domain, https://commons.wikimedia.org/w/index.php?curid=11782116
2004 CE
Acquisition of Gamesa Stake
Iberdrola acquires a stake in Gamesa, a Spanish wind turbine manufacturer, to secure supply chains for renewable projects. #renewable #energy )
2006 CE
Investment in Brazilian Grid
Iberdrola expands in Brazil, investing in transmission and distribution infrastructure through its subsidiary Neoenergia. #expansion #energy
2007 CE
Scottish Power Acquisition Completed
Iberdrola completes the acquisition of Scottish Power for £11.6 billion, one of the largest corporate deals in European energy. #acquisition #energy
2008 CE
Global Financial Crisis Impact
Iberdrola faces challenges from the global financial crisis, but maintains growth through renewable investments and cost-cutting. #finance #energy
2009 CE
First Offshore Wind Farm in UK
Iberdrola develops the first large-scale offshore wind farm in the UK, the Robin Rigg Offshore Wind Farm, enhancing renewable capacity. #renewable #energy
By John - Own work by the original uploader, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=56850885
2011 CE
Sale of Assets in Spain
Iberdrola sells some non-core assets in Spain to reduce debt and focus on core operations and international markets. #restructuring #energy
2012 CE
Expansion in Mexico
Iberdrola enters the Mexican energy market, investing in combined-cycle gas plants and renewable projects. #expansion #energy
2013 CE
Acquisition of U.S. Wind Assets
Iberdrola acquires a portfolio of wind farms in the United States, becoming a major renewable player in North America. #renewable #energy
2014 CE
IPO of Iberdrola Renovables
Iberdrola Renovables holds an initial public offering, raising funds for further renewable investments. #finance #renewable
2015 CE
Investment in French Offshore Wind
Iberdrola partners to develop offshore wind farms in France, expanding European renewable footprint. #renewable #energy
2016 CE
CEO Ignacio Galán Reappointment
Ignacio Galán is reappointed as CEO, ensuring continuity in strategic focus on renewables and international growth. #leadership #corporate
2017 CE
Largest Solar Plant in Spain
Iberdrola commissions the largest solar photovoltaic plant in Spain, Núñez de Balboa, with 500 MW capacity. #renewable #energy
2018 CE
Acquisition of Avangrid Networks
Iberdrola acquires the remaining stake in Avangrid, a U.S. energy company, integrating its U.S. operations. #acquisition #energy
2019 CE
Commitment to Net Zero by 2050
Iberdrola announces a plan to achieve net-zero emissions by 2050, aligning with global climate goals. #sustainability #energy
2020 CE
COVID-19 Pandemic Resilience
Iberdrola maintains operations during the COVID-19 pandemic, prioritizing employee safety and grid reliability. #crisis #energy
2021 CE
Investment in Green Hydrogen
Iberdrola launches major green hydrogen projects in Spain and other regions, aiming to lead in hydrogen technology. #renewable #energy
2022 CE
Acquisition of Electricity North West
Iberdrola acquires Electricity North West in the UK, strengthening its British distribution network. #acquisition #energy
2023 CE
Record Renewable Capacity Installed
Iberdrola installs a record 10 GW of new renewable capacity globally, reaching over 40 GW total. #renewable #energy
2024 CE
Forbes Global 2000 Ranking Top 100
Iberdrola ranks among the top 100 companies in the Forbes Global 2000, reflecting strong financial performance and market value. #finance #corporate