PPM Energy, the U.S. competitive subsidiary of ScottishPower (NYSE: SPI), announced the acquisition of Richmond, Virginia-based Atlantic Renewable Energy Corporation and its wind development portfolio as a wholly owned subsidiary of PPM, called PPM Atlantic Renewable.
PPM Energy, Inc. is now part of IBERDROLA RENEWABLES, S.A., and has changed its name to Iberdrola Renewables, Inc. In addition, PPM Energy Canada Limited has changed its name to IBERDROLA Canada Energy Services Ltd. and remains an indirect subsidiary of Scottish Power Ltd.
Iberdrola Renewables 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 is already generating power from nearly 60 renewable energy projects for its utility-scale customers in the United States and helping lead America’s transition to a renewable energy future.
