Ethics, transparency and good governance
Governance and Sustainability System
Board of Directors
Iberdrola's Group Structure
Iberdrola Renovables Internacional, S.A.U. (Sociedad Unipersonal), the head of business companies of the International renewable energy business, undertakes activities of electricity generation and sales through renewable energy sources in the territories whose businesses are not owned or part-owned by the subholding companies of the strategic countries.
Main countries where Iberdrola Renovables Internacional carries out its activity:
Learn about the group companies
With its different business lines, the Iberdrola group currently has different projects under construction, which have become true milestones for the company, due to their dimensions and to the commitment to innovation.
Iberdrola Renovables Internacional, S.A.U.'s main projects include the Wikinger offshore wind farm, which opened in 2018 and marked Iberdrola's entry into the German electricity market, where the construction of another two offshore wind farms has also been awarded: Baltic Eagle (476 MW) and Wikinger Süd (10 MW). Together with Wikinger, these three wind farms, located off the island of Rügen, will give rise to the largest offshore wind complex in the Baltic Sea, with a total installed capacity of 836 MW and a combined investment of â‚¬2.5 billion.
Wikinger offshore wind farm.
Iberdrola Renovables France currently has 118 MW of terrestrial wind generation facilities operating in different regions of France, and a portfolio of more than 700 MW of wind and photovoltaic projects in different stages of completion. Regarding offshore wind projects, the Saint-Brieuc project is entering into agreements with its main suppliers: foundations, substations, connecting cables and installation. The joint venture Navantia-Windar has been selected as preferred supplier of the wind farm foundations, while the process to select the other suppliers will be completed over the rest of this year.
Iberdrola has landed in the Australian market with the Port Augusta Renewable Energy Park (PAREP), which will include a wind farm and a photovoltaic plant with a total power of 317 MW. The complex, which will be expected to be operational by 2021, will contribute to South Australia's local industry and lay the bases for the installation of more renewable capacity in the coming years.
The company has also acquired in Japan the local developer Acacia Renewables, which is now called Iberdrola Renewables Japan. This transaction has involved the creation of a joint venture between Iberdrola and Macquarie's Green Investment Group (GIG) to develop its 3.3 GW offshore wind portfolio, consisting of two farms under development (1.2 GW) and four in the portfolio (2.1 GW) strategically located in different areas of the southwest of the country in order to participate in the auctions announced by the Japanese Government. The company has also signed an agreement for the joint development of the 600 MW Seihoku-oki offshore wind farm, together with the Japanese developer Cosmo Eco Power and the engineering firm Hitz.
WE ARE THE UTILITY OF THE FUTURE
The hallmark of the Iberdrola group is its steady growth and its forward vision to prepare for society's future energy needs. Effort, talent, commitment and excitement are some of the main elements in our history of over 170 years.
Iberdrola is a brand committed to protecting its environment and people. Therefore, it is currently the top European electric utility by market capitalisation and the global leader in renewable energy. A position built on values and firm commitments, with a corporate culture based on integrity and transparency, and with ethical behaviour at the forefront of its business model and decision-making chain.
To find out more about the emblematic projects, click here.