Thursday, July 3, 2008

When will Iberdrola take over the World?

Spain's energy giant Iberdrola filed an investors' day presentation with the Spanish market regulator, CNMV, on Wednesday, stating that it aims to splash out on investments and internationalize the group even further, Thomson Merger News reports. It is ready to spend €25 billion (US$39 billion) in total between now and 2010, to achieve its growth objectives, which involves expansion in Latin America, the US, Canada and the U.K. Click on link for entire article

Ignacio Galan, chairman and chief executive of Scottish Power's parent firm Iberdrola, discussed the deal with Mr Salmond over the phone yesterday and met with finance secretary John Swinney. Click on link for entire article
The Spanish renewable energy company offers €175 million for the remaining shares of the Greek wind developer.

There are many more links - just do some interent searching yourself - Iberdrola is everywhere - they are not just blowing in the wind! ... coal, gas, electric, wind - what else?

If we don't stop them soon, Iberdrola will own the World!
Happy Independence Day to All!

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