Iberdrola Renovables SAU is a Spain-based company primarily engaged in the development, construction, operation and exploitation of power plants that use renewable energy sources, as well as the sale of electric energy. Additionally, the Company is involved in the research and development of such technologies as marine biomass and tidal energy. The Company's facilities include wind, mini-hydroelectric and thermo-solar energy power stations with operations established in North, Central and South America, Europe, Africa, the Middle East and Asia. Iberdrola Renovables SAU is also involved in the development of natural gas storage and wholesale business. The Company is a member of the group of companies headed by Iberdrola, S.A., which is an 80% owner of the Company