Iberdrola

Iberdrola is a Spanish multinational electric utility company specializing in renewable energy. Recently, they acquired a majority stake in Neoenergia, a Brazilian energy company, through an opa deal worth €980 million. This move has raised concerns about Iberdrola's growing presence in the global energy market. Additionally, Iberdrola is facing criticism over its subsidiary Red Eléctrica's handling of Spain's power grid, with recent audios revealing that the company was aware of potential issues three months before a major blackout. These developments highlight Iberdrola's increasing relevance as a major player in the renewable energy sector and its impact on Spain's energy landscape.