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10/31/2019

PPM Energy is now Iberdrola Renewables

PPM Energy is now Iberdrola Renewables

Click here  for a PDF version of this press release.

May 1, 2008

PPM Energy, Inc. is now part of IBERDROLA RENOVABLES, S.A., and has changed its name to Iberdrola Renewables, Inc. In addition, PPM Energy Canada Limited has changed its name to IBERDROLA Canada Energy Services Ltd. and remains an indirect subsidiary of Scottish Power Ltd.

We’ll still be the same great people supplying the same great products and services under the same contractual relationships as before, just with a new name and a corporate parent even more committed to clean and renewable energy.

On April 23, 2007, PPM Energy, Inc. and PPM Energy Canada Limited joined the IBERDROLA, S.A. (“Iberdrola”) family of companies through Iberdrola’s acquisition of Scottish Power plc. Iberdrola is one of the five biggest electricity companies in the world, operating gas and electricity businesses in 28 countries.

IBERDROLA RENOVABLES, S.A., Iberdrola’s renewables company, is the world leader in the renewable energy sector, operating in 19 countries with 7,704 MW of installed capacity as of the end of 2007.

In September 2007, IBERDROLA RENOVABLES, S.A. listed 20% of its equity through a new capital issue on Ibex-35, the Spanish Stock Market index. The company aims to implement 2,000 MW of new wind generation on a yearly basis between 2008 and 2010, investing €8.6 billion with the objective of 13,600 MW total operating renewable energy capacity by the end of 2010.

We at Iberdrola Renewables, Inc. look forward to continuing our business relationship with all of our counterparties.

For more information, visit our website at www.iberdrolarenewables.us.

Contact: Art Sasse, Director, Communications & Brand, Iberdrola Renewables, 503-796-7740
Paul Copleman, Media Relations, Iberdrola Renewables, 207-641-2805

About Avangrid

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

 

About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.

With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.

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