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Iberdrola to invest 400 mln eur in East Europe wind farms 

Iberdrola SA will invest 400 mln eur to expand its wind farm business to eastern Europe through the acquisition of the rights to build parks in Hungary, Poland and Estonia, Cinco Dias reported, without citing a source.

Iberdrola has acquired the rights for the construction of the parks, which will have a potential of 336 MW, the newspaper added.

The Spanish utility is also spending 115 mln eur to develop two wind parks near the border of Slovenia, which should begin operating in mid-2008, Cinco Dias said.

Separately, the newspaper noted that Iberdrola has also signed 20-year distribution agreement with the energy distributor Energa to sell all of its parks’ energy production in Poland.

afxmadrid@afxnews.com

forbes.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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