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Iberdrola to invest up to 4 billion euros in French renewable energy  

Credit:  Reporting by Nina Chestney; editing by Jason Neely | Reuters | June 3, 2020 | www.reuters.com ~~

Spanish utility Iberdrola (IBE.MC) said on Wednesday it will invest up to 4 billion euros ($4.5 billion) over the next four years in France to develop renewable energy.

Iberdrola said it is already investing 2.4 billion euros in the Saint-Brieuc offshore wind farm in France and plans to invest in new onshore wind, solar photovoltaic and participate in future offshore wind capacity auctions.

“France is a strategic country for Iberdrola,” said Ignacio Galán, chairman and CEO of Iberdrola.

“The company is very interested in participating in the new offshore wind capacity auctions to be held in the future by France,” he added.

Source:  Reporting by Nina Chestney; editing by Jason Neely | Reuters | June 3, 2020 | www.reuters.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 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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