London: Iberdrola has started negotiations to reincorporate Iberdrola Renovables, the world's biggest wind-power developer.. The Spanish utility giant says it is making the move because the financial markets do not fully value the growth potential of its wind portfolio, and reincorporation will provide the necessary financial muscle to achieve ambitious onshore and offshore growth targets..
The decision comes against the backdrop of low share prices for the renewables subsidiary since its $6bn initial public offering (IPO) in December 2007.
Iberdrola
