SPANISH BILLIONS FOR U.S. WIND

Iberdrola To Invest $6 Billion In The U.S., Mostly In Wind Power
17 May 2011 (North American Windpower)

"Iberdrola Renewables intends to invest $6 billion in the U.S. by 2012. The announcement was made after Iberdrola Chairman Ignacio Galan met with the U.S. Secretaries for Energy and Commerce last week.

"Of this amount, 65% - $3.9 billion - will be devoted to the construction of new wind farms in the U.S…"

click to enlarge

"The remaining investment of $2.1 billion will be assigned to improving the quality of supply to the 2.4 million customers Iberdrola has in the U.S.

"In March, Iberdrola said that new wind capacity additions - including wind farms planned for the U.S. - would slow this year and next year. At that time, the company indicated that it planned to install 1.5 GW this year, down from 1.78 GW in 2010."