Iberdrola

Iberdrola is a global utility company focused on the production, distribution, and retail of electricity and gas. It generates power from nuclear, hydro, and other sources, with a substantial share from renewables, and is a major owner of wind energy. The company operates electricity networks and distribution assets across multiple countries and serves customers in a broad geographic footprint, including Spain, the United Kingdom, Brazil, and the United States, with activity in nearly 40 countries. Iberdrola emphasizes the energy transition through a sustainable business model built on renewable energy, smart grids, large-scale energy storage, and digital transformation to offer advanced products and services.

Ignacio Estella

Senior Vice President, Corporate Development of Avangrid

Past deals in Natural Gas

Avangrid Renewables

Private Equity Round in 2024
Iberdrola Renewables, LLC is at the forefront of transforming the way the U.S. produces and uses energy. Strongly positioned to develop, build, and operate the clean energy infrastructure of the future, Iberdrola Renewables, LLC is already generating power from more than 40 renewable energy projects for its utility-scale customers in the United States and leading America’s transition to a renewable energy future. Iberdrola Renewables, LLC is deeply rooted in the United States, the world’s largest energy market and a country with incredible renewable resource potential. As of December 2010, we directly employ more than 850 people in the U.S., and our operations have created thousands of jobs in industries and communities across the country. Iberdrola Renewables, LLC is the second-largest wind operator in the U.S. and also operates more than 621 MW of gas-fired generation and more than 129 BCF of owned and contracted U.S. natural gas storage. Thus, it is one of the few companies capable of providing structured energy solutions that allowing large industrial and commercial customers to manage risks and uncertainty in the natural gas and power industries.

UIL Holdings

Acquisition in 2015
UIL Holdings Corporation, headquartered in New Haven, Connecticut, operates in the regulated utility sector, serving approximately 700,000 electric and natural gas customers across 67 communities in Connecticut and western Massachusetts. Founded in 1899, UIL Holdings is a subsidiary of Avangrid, Inc. The company encompasses several utilities, including The United Illuminating Company, which provides electricity transmission and delivery in Connecticut's Greater New Haven and Bridgeport areas, and natural gas distribution companies such as The Southern Connecticut Gas Company, Connecticut Natural Gas Corporation, and Berkshire Gas Company. With total assets exceeding $5 billion, UIL Holdings employs over 1,850 individuals in the New England region, contributing to the reliability and efficiency of energy delivery in its service areas.
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