[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Iberdrola and Gamesa in huge windfarm deal  

The renewable energy subsidiary of ScottishPower owner Iberdrola yesterday said it was buying a raft of global windfarm projects from Spanish turbine maker and developer Gamesa for 65m (£51m), including three potential sites in Scotland.

The move is part of an overall 6.3bn alliance and turbine supply deal between Iberdrola Renovables and Gamesa, billed as the largest deal in the history of wind power.

Bilbao-based Iberdrola, which last year acquired ScottishPower for £11.6bn, said it will buy the Gamesa turbines to generate 4500 megawatts, which will provide 70% of its generator needs until 2012.

Gamesa Corporacion Tecnologica and Iberdrola Renovables said the alliance would develop and run wind power parks in Spain and throughout Europe.

The 65m part of the deal will see Iberdrola Renovables acquire wind projects from Gamesa in the UK, Mexico and the Dominican Republic, including two potential sites in Scotland at Whitelee, near Eaglesham, and Caithness, currently under planning review.

A site in Dumfries and Galloway is also being considered, an Iberdrola spokesman told The Herald yesterday.

“If these sites win planning approval, these former Gamesa projects will automatically transfer to Iberdrola Renovables,” the spokesman added.

Iberdrola Renovables, the biggest wind power producer in the world with 8164 megawatts of installed capacity, is the renewable energy arm of Spain’s largest utility, which owns 80% of the renewables unit. Iberdrola also owns almost 24% of Gamesa.

Mark Smith
Deputy Business Editor

The Herald

14 June 2008

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 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.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.