IBERDROLA SA

Owns50 of 105

• AIXEINDAR, S.A.

  Direct subsidiarySpain

• ATLANTIC RENEWABLE PROJECTS II LLC

  Held through a subsidiaryUnited States

• AVANGRID TEXAS RENEWABLES, LLC

  Held through a subsidiaryUnited States

• BALTIC EAGLE GMBH & CO. KG

  Direct subsidiaryGermany

• BWF Finance Pty Limited

  Held through a subsidiaryAustralia

• CAMPIONWIND LIMITED

  Held through a subsidiaryUnited Kingdom

• CANTABER GENERACION EOLICA SL

  Held through a subsidiarySpain

• CUMBERHEAD WEST WIND FARM LTD.

  Held through a subsidiaryUnited Kingdom

• CURENERGIA COMERCIALIZADOR DE ULTIMO RECURSO SA

  Direct subsidiarySpain

• DEHESA SOLAR SUR S.L.

  Direct subsidiarySpain

• DESARROLLOS RENOVABLES CAPARACENA, S.L.

  Direct subsidiarySpain

• DESARROLLOS RENOVABLES ESCATRON, S.L.

  Direct subsidiarySpain

• DESARROLLOS RENOVABLES FUENDETODOS, S.L.

  Direct subsidiarySpain

• DESARROLLOS RENOVABLES TAGUS, S.L.

  Direct subsidiarySpain

• EAST ANGLIA ONE LIMITED

  Held through a subsidiaryUnited Kingdom

• EAST ANGLIA ONE NORTH LIMITED

  Held through a subsidiaryUnited Kingdom

• EAST ANGLIA TWO LIMITED

  Held through a subsidiaryUnited Kingdom

• ENERGIA DE CASTILLA Y LEON, S.A. (ENCALSA)

  Held through a subsidiarySpain

• ENERGIAS EOLICAS DE CUENCA, S.A.

  Held through a subsidiarySpain

• ENERGIAS RENOVABLES CAYETANO S.L.

  Held through a subsidiarySpain

• ENERGIAS RENOVABLES DE LA REGION DE MURCIA, S.A.

  Direct subsidiarySpain

• ENERGIAS RENOVABLES IBERMAP SL

  Direct subsidiarySpain

• ENERGIAS RENOVABLES ROMEO S.L.

  Direct subsidiarySpain

• ENERGYWORKS ARANDA, S.L.

  Held through a subsidiarySpain

• ENERGYWORKS CARBALLO SL

  Held through a subsidiarySpain

• ENERGYWORKS CARTAGENA, S.L.

  Direct subsidiarySpain

• ENERGYWORKS VIT-VALL, S.L.

  Direct subsidiarySpain

• EOLICA 2000, S.L.

  Held through a subsidiarySpain

• EÓLICAS DE EUSKADI, S.A.

  Direct subsidiarySpain

• GREEN FROGS MONTALTO S.R.L.

  Direct subsidiaryItaly

• GREEN FROGS TARQUINIA S.R.L.

  Held through a subsidiaryItaly

• HAGSHAW HILL REPOWERING LTD

  Held through a subsidiaryUnited Kingdom

• HIDROLA I SL

  Direct subsidiarySpain

• IBERDROLA AUSTRALIA ENERGY MARKETS PTY LIMITED

  Held through a subsidiaryAustralia

• IBERDROLA AUSTRALIA LIMITED

  Direct subsidiaryAustralia

• IBERDROLA CLIENTES SA

  Direct subsidiarySpain

• IBERDROLA CLIENTI ITALIA S.R.L.

  Direct subsidiaryItaly

• IBERDROLA ENERGIA ESPAÑA SA

  Direct subsidiarySpain

• IBERDROLA ENERGIA SA

  Direct subsidiarySpain

• IBERDROLA ENERGIE FRANCE

  Direct subsidiaryFrance

• IBERDROLA ENERGY PROJECTS CANADA CORPORATION

  Held through a subsidiaryCanada

• IBERDROLA ENERGY PROJECTS INC.

  Held through a subsidiaryUnited States

• IBERDROLA ENGINEERING AND CONSTRUCTION POLAND SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ W LIKWIDACJI

  Held through a subsidiaryPoland

• IBERDROLA ESPAÑA SA

  Direct subsidiarySpain

• IBERDROLA FINANCE IRELAND DESIGNATED ACTIVITY COMPANY

  Direct subsidiaryIreland

• IBERDROLA FINANCIACION SA

  Direct subsidiarySpain

• IBERDROLA FINANZAS SA

  Direct subsidiarySpain

• IBERDROLA GENERACION NUCLEAR SA

  Direct subsidiarySpain

• IBERDROLA GENERACION SA

  Direct subsidiarySpain

• IBERDROLA GENERACION TERMICA SL

  Direct subsidiarySpain

Why no parent is reported

No direct parent reportedNo ultimate parent reported

No parent prepares consolidated accounts including it