S.A. (SOCIEDAD ANÓNIMA). In English, limited liability company; corporation in the US. A company that exists under a corporate name and is formed exclusively by associates whose sole obligation is to pay for their shares.

SALE OF ENERGY AT TARIFF. Price per kilowatt of the sale of excess energy to a private customer.

S&P RENEWABLE. Set of standards for the application and development of renewable energies.

SHAFT. The element in the front part of the wind generator holding the blades and the only external element that turns.

SHARES. The equity of a limited company, as in the case of IBERDROLA RENOVABLES, is divided into shares. Each one represents the ownership an entity has over the company and grants economic and voting rights to its bearer (the shareholder). The dividends obtained from the shares are variable, since they depend directly on the functioning of the company.