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Iberdrola Renovables and the EBRD agree to jointly develop wind projects in Eastern Europe 2010.02.14

Iberdrola Renovables and the European Bank for Reconstruction and Development (EBRD) have agreed to jointly develop wind projects in Eastern Europe. Pursuant to this agreement, the EBRD will invest a maximum of EUR125 million in Iberdrola Renovables subsidiaries in Poland (EUR75 million) and Hungary (EUR50 million), via two rights issues giving it 25% stakes in both companies.

Wind farm in Valdeporres (Burgos)
Photo: Iberdrola Renovables
 
Iberdrola Renovables
and the European Bank for Reconstruction and Development (EBRD) have agreed to jointly develop wind projects in Eastern Europe.

The Chairman of Iberdrola Renovables, Ignacio Galán, and the First Vice President of the EBRD, Varel Freeman, met today in Madrid to establish the necessary steps to complete this venture in the coming weeks following recent approval by their respective boards.

The First Vice President of the EBRD, Varel Freeman and The Chairman of Iberdrola Renovables, Ignacio Galán. Iberdrola Renovables and the EBRD agree to jointly develop wind projects in Eastern Europe.
Photo: Iberdrola Renovables
 
Pursuant to this agreement, the EBRD will invest a maximum of €125 million in Iberdrola Renovables subsidiaries in Poland (€75 million) and Hungary (€50 million), via two rights issues giving it 25% stakes in both companies.

These subsidiaries will develop a total of 309 MW of wind energy projects, of which 211 MW are already operational and 98 MW still under construction.
The company invested nearly €100 million in the region in 2009.

Wind farm in Kisigmand (Hungary)
Photo: Iberdrola Renovables
 
Iberdrola Renovables
owns the Kisigmand wind farm in Hungary, the country’s largest with 50 MW of capacity, in addition to two more sites currently under construction which will total 74 MW of capacity.

Wind farm in Kisielice (Poland)
Photo: Iberdrola Renovables
 
The company already has 160.5 MW of installed capacity in Poland through four wind farms:

Galicja (12 MW),

Kisielice (40.5 MW),

Malbork (18 MW),

Karścino (90 MW).

Mr. Galán and Mr. Freeman have also agreed to jointly study the market in Romania, a country with an attractive future in renewable energies.


Leadership in Eastern Europe


This agreement will allow Iberdrola Renovables to build on its position as the leading wind power company in the region with assistance from the EBRD, the largest investor there.

Wind farm in Ostrowo (Poland)
Photo: GWEC
 
Iberdrola Renovables
, with operations in 23 countries, is world leader in its sector in both installed capacity (with nearly 11,000 MW at the end of 2009) and output (over 21,000 million kWh).

The European Bank for Reconstruction and Development is an international financial institution based in London and set up in 1991 that supports projects in 29 countries from Central Europe to Central Asia.

13.01.2010


http://www.iberdrolarenovables.es/wcren/corporativa/iberdrola?IDPAG=ENMODULOPRENSA&URLPAG=-/gc/en/comunicacion/notasprensa/100113_NP_BERD.html



Iberdrola Renovables has acquired the largest renewable energy facility in Spain


Iberdrola Renovables, the world’s leading wind power company (Source: Bloomberg New Energy Finance), has acquired the El Andévalo (Huelva) wind farm from Gamesa.
It is the largest renewable energy facility in Spain.

Wind complex in El Andévalo (Huelva)
Photo: Iberdrola Renovables
 
The acquisition follows the framework agreement for the sale of wind farms in Andalusia signed by Iberdrola Renovables and Gamesa Energía in 2005.
This deal encompassed a total of 600 megawatts (MW).

The company has invested around €320 million in this operation, which includes the purchase of the wind farms that comprise the complex and the necessary infrastructure to transfer the electricity generated.

Wind farm in La Ventosa (México)
Photo: Iberdrola Renovables
 
It was necessary to construct a double circuit 120-km 220 kV power line between La Puebla de Guzmán and Guillena to connect the wind farms to the transmission grid.
This strategic infrastructure will improve the electricity interconnection between Spain and Portugal.

The El Andévalo wind facility, situated between the towns of El Almendro, Alosno and Puebla de Guzmán in the south of Huelva province, has capacity of 244 MW divided between seven wind farms:

Majal Alto (50 MW),

El Saucito (30MW),

El Centenar (40 MW),

La Tallisca (40 MW),

La Retuerta (38 MW),

Las Cabezas (18 MW),

Valdefuentes (28 MW).

All these wind farms feature Gamesa’s G90 and G58 wind turbines, with unit capacity of 2 MW and 0.85 MW respectively.
The farm has an annual output the equivalent of the electricity consumption of more than 125,000 households and will prevent the annual emission of 500,000 tonnes of CO2

Wind farm in Hontalbilla (Soria)
Photo: Iberdrola Renovables
 
This facility provides a significant socioeconomic boost to the region as it has created 40 direct jobs in the maintenance and operation of the wind farms and around 300 people were involved in its construction.

The acquisition of this wind facility consolidates Iberdrola Renovables as the largest wind energy development company in Spain.
This acquisition takes to 5,520 MW the company’s installed capacity in Spain.
This is spread between its 175 wind farms (5,126 MW in total), 135 mini-hydro power stations (342 MW), the Puertollano (Ciudad Real) solar thermal plant (50 MW) and its first forest biomass plant in Corduente in Guadalajara province (2 MW).

Wind farm in Serra do Burgo (Orense)
Photo: Iberdrola Renovables
 
The operation forms part of Gamesa’s involvement in the development, construction and sale of wind farms.
It currently has installed capacity of more than 3,500 MW and a project portfolio of more than 21,000 MW in 15 countries on three continents.
Gamesa built this infrastructure in just 13 months, a record time for a project of this scope.


The leader in Andalusia


Iberdrola Renovables is the leading company in the Andalusian wind energy sector, where it now has 25 wind farms with installed capacity of 791 MW.
These facilities are in the provinces of Huelva (244 MW), Granada (198 MW), Cádiz (166 MW), Málaga (133 MW) and Almería (50 MW).

Iberdrola Renovables plans to invest €500 million in Andalusia over 2010.
The company has a project pipeline of more than 1,000 MW in the region.

Wind complex in Maranchón 1 (Guadalajara)
Photo: Iberdrola Renovables
 
Iberdrola Renovables
, with operations in 23 countries, is world leader in its sector in both installed capacity (with nearly 11,000 MW at the end of 2009) and output (over 21,500 million kWh).

10.02.2010

http://www.iberdrolarenovables.es/wcren/-corporativa/iberdrola?IDPAG=ENMODULOPRENSA&URLPAG=/gc/en/comunicacion/-notasprensa/100210_NP_Andevalo.html&DCSext.pagFaldon=-Information_and_transparency___Iberdrola_Renovables



The World’s Largest Wind Power Company by Installed Capacity


IBERDROLA RENOVABLES is a world leader of its sector.
Boasting the largest base of operational renewable assets (more than 10,750 MW) and the largest portfolio of future projects in the world (+ 56,600 MW includes Gamesa's estimated contribution of 10,000 MW by virtue of the strategic agreement signed between IBERDROLA RENOVABLES and Gamesa Energía), the company has consolidated its leadership position at the head of the worldwide wind energy sector (Source: Bloomberg New Energy Finance) explanation with more than 10,350 MW of installed power at the end of 2009.

Ignacio S. Galán, Chairman of Iberdrola Renovables
Photo: Iberdrola Renovables
 
Furthermore, the Company has achieved production of 21,490 million Kilowatt hours (kWh), representing an increase of 26.4% over 2008.

IBERDROLA RENOVABLES is a multinational company, operating in more 20 countries including the world markets with the greatest growth and development potential in this sector.
The Company, one of the 10 leading firms in stock value of the Ibex-35, has become the fastest growing element of the IBERDROLA Group.

Iberdrola Renovables Headquarters in Valencia
Photo: Iberdrola Renovables
 
IBERDROLA RENOVABLES
business model is sufficiently flexible to enable it to adapt to fluctuating economic scenarios.
It has the largest project pipeline in the sector, encompassing a geographically diversified. Its wind turbine supply contracts are scalable, enabling it to adapt its investment plan by optimizing its project portfolio.

The Company operates in markets with stable regulatory environments, with the bulk of revenue assured through long term contracts.

Iberdrola Renovables, Renewable Energies Operating Centre in Toledo
Photo: Iberdrola Renovables
 
IBERDROLA RENOVABLES
competitive advantages, including geographic diversification, flexible wind turbine supply arrangements, a significant project pipeline and its financial strength, give it the ability to adapt investments should circumstances warrant, at all times maintaining its commitment to.

IBERDROLA RENOVABLES enjoys the support of IBERDROLA, one of the four largest electric companies in the world, who has made the Environment and sustainable development the key pillars of its future business strategy.


http://www.iberdrolarenovables.es/wcren/corporativa/iberdrola?IDPAG=ENIBERRENOVAB&codCache=12660824771532101  



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