NewEnergyNews More: SPANISH BILLIONS FOR U.S. WIND

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  • Friday, May 20, 2011

    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."

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