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Wind farm in Valdeporres (Burgos)
Photo: Iberdrola Renovables
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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.
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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
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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.
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Wind farm in Kisigmand (Hungary)
Photo: Iberdrola Renovables
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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.
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Wind farm in Kisielice (Poland)
Photo: Iberdrola Renovables
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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.
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Wind farm in Ostrowo (Poland)
Photo: GWEC |
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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
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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.
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Wind complex in El Andévalo (Huelva)
Photo: Iberdrola Renovables
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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.
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Wind farm in La Ventosa (México)
Photo: Iberdrola Renovables
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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
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Wind farm in Hontalbilla (Soria)
Photo: Iberdrola Renovables
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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).
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Wind farm in Serra do Burgo (Orense)
Photo: Iberdrola Renovables
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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.
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Wind complex in Maranchón 1 (Guadalajara)
Photo: Iberdrola Renovables
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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
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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.
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Ignacio S. Galán, Chairman of Iberdrola Renovables
Photo: Iberdrola Renovables
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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.
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Iberdrola Renovables Headquarters in Valencia
Photo: Iberdrola Renovables
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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.
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Iberdrola Renovables, Renewable Energies Operating Centre in Toledo
Photo: Iberdrola Renovables
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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.
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