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ACS
Actividades de Construcción y Servicios

Iberdrola is the leading energy company in Spain and over the last ten years has become established among the five largest energy companies in the world.
 
At an operating level, Iberdrola reached an installed capacity of 44,991 MW in 2010, a figure 3% higher than that in 2009. The increase in installed capacity, combined with the slight recovery in the demand for energy meant that Iberdrola’s production rose 7.9% during 2010, totalling 154,073 GWh.

Iberdrola is characterised as having an efficient and balanced generating mix, which enables it to meet demand in any situation, at the same time as increasing its generation using technologies with low emissions levels, reaffirming its commitment to the environment. As such, 48% of the energy produced by Iberdrola in 2010 was by means of technologies which do not generate carbon dioxide emissions.
 
Iberdrola also participates in the energy distribution and commercialisation segment, and in December 2010 it had over 24 million electricity customers enabling it to distribute 203,090 GWh and around 3.2 million customers for gas with 2.25 bcm of gas distributed.
 
It is also the world leader in the development and generation of renewable energy, more specifically wind power, through its subsidiary Iberdrola Renovables. Installed capacity in renewables reached 12,532 MW in 2010, 16.6% above 2009. Of the total installed capacity, 51% is in the international area. Likewise, the company’s international projection in the renewable energies field is reflected in its project portfolio, which is for 62,613 MW in the coming years, with 40% of these corresponding to projects in the United States, while another 34% correspond to projects in other international areas.

Its high level of internationalisation, its position as the worldwide leader in wind power, as well as proper management of operating efficiency and a sound financial structure, permitted the company’s revenue to grow by 17.5% in 2010 to 30,431 million. EBITDA exceeded 7,500 million, 10.5% above the figure for 2009, and profit attributable to the company was 2,870 million euros.

The ACS Group is Iberdrola’s main shareholder, with a stake which increased to reach 20.2% at 31 December 2010, reaffirming ACS’ commitment as the company’s reference industrial partner. Iberdrola’s contribution to the ACS Group’s profits in 2010 totalled 248.7 million euros, from recognition of dividends received, which is accounted for as financial profit.