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4-Traders Homepage  >  Equities  >  Mercado Continuo Espanol  >  Iberdrola SA    IBE   ES0144580Y14

Real-time Quote. Real-time Tradegate - 08/26 09:56:53 pm
5.872 EUR   -0.10%
04:07p IBERDROLA : wins Canaries bounty
11:59a IBERDROLA : surpasses eight million smart meters installed in Spain
08/25 IBERDROLA : to build two new wind farms in Canary Islands
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Iberdrola : wins Canaries bounty

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08/26/2016 | 04:07pm CEST

Green light for 32.2MW of wind capacity in the Spanish region

Iberdrola has confirmed that it has won support to develop two wind farms with a combined 32.2MW in Spain`s Canary Islands.

The company and a local partner will build the 13.8MW Las Aulagas and the 18.4MW Chimiche II wind farms in Tenerife, Iberdrola said.

Both projects have been authorized under the islands wind power quota scheme, which has allocated fixed subsidies to 450MW of projects, and now have all the relevant planning permits.

They will represent an investment of about 40m and are expected to be completed in about 21 months, the Spanish company said.

The wind farms will be Iberdrolas first in Spain since the opening of a 36MW facility in December 2012, just as the government halted subsidies for new projects.

(c) International 2006-2016, SANA Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2016 33 147 M
EBIT 2016 4 515 M
Net income 2016 2 571 M
Debt 2016 28 367 M
Yield 2016 4,99%
P/E ratio 2016 14,41
P/E ratio 2017 14,14
EV / Sales 2016 1,98x
EV / Sales 2017 1,93x
Capitalization 37 396 M
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 6,53 €
Spread / Average Target 11%
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Managers
NameTitle
José Ignacio Sánchez Galán Chairman & Chief Executive Officer
Francisco Martínez Córcoles Group Chief Operating Officer
José Sáinz Armada Chief Financial & Resources Officer
Íñigo Víctor de Oriol Ibarra External Director
Braulio Medel Cámara Independent Director
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