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Iberdrola, API Holding renewable energy joint venture cleared by EU 

The European Commission said it has cleared Spanish utility Iberdrola SA’s proposed renewable energy joint venture with Italian energy group API Holding.

The 500 mln eur, 50-50 venture will see the construction of a 350 mega watt wind park in Italy called Societa Energie Rinnovabili.

The venture will develop seven wind power projects located in the regions of Sicily and Puglia, set to come on line between 2008-2009.

AFX News Limited

(Thomson Financial)

Forbes

18 June 2007

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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