Spanish energy company Iberdrola said on Wednesday it had bought U.S. wind power firm CPV Wind Ventures and would invest 1.5 billion euros ($2 billion) in the company.
The Maryland-based company plans to start building 3,500 MW of wind power next year across 15 U.S. states, Iberdrola said in a statement.
Iberdrola did not disclose financial terms of the deal.
11 April 2007
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