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13/10/2010
IBERDROLA RENOVABLES PRESENTS ITS “CATALONIA WIND POWER INNOVATION” PROJECT UNDER THE REGIONAL WIND POWER TENDER

  • The company is bidding for 489 megawatts (MW) in five of the seven areas designated by the authorities for development
  • The company’s initiative is the most cutting-edge proposal presented in a wind power tender in Spain to date, accompanied by an R&D-based socio-economic plan that will make Catalonia a global benchmark in offshore wind power
  • To develop this project, IBERDROLA RENOVABLES signed a number of collaboration agreements with Catalan entities such as Alstom-Ecotecnia and the BSC, the national supercomputing centre
  •  IBERDROLA RENOVABLES, the world's leading wind power company(*) and Spain’s leading developer of clean energy sources, aspires to safeguard its unique market position in Catalonia’s latest renewable power expansion

IBERDROLA RENOVABLES, the world’s leading wind power company(*), has presented its bid for 489 megawatts (MW) of wind power capacity in five of the seven areas designated by the regional government for development as part of its new wind power ambitions.

The company appended to its bid a pioneering socio-economic plan, which it has called Catalonian Wind Power Innovation. This plan is the most avant-garde developed by any renewable power company in Spain to date. The programme, to be largely executed alongside local companies, will make Catalonia a global benchmark in the field of offshore wind power.

Among the most noteworthy agreements already secured by IBERDROLA RENOVABLES with local players are those arranged with Alstom-Ecotecnia, the only sector manufacturer with an operating base in Catalonia, for the construction of 82% of the wind turbines to be awarded as part of the tender.

Alstom-Ecotecnia is one of IBERDROLA RENOVABLES’ top suppliers worldwide; together, the companies have been developing innovative solutions for more than 10 years, since Alstom supplied the first pieces of equipment for the company’s Badaia wind farm in Álava, Spain.

Indeed, IBERDROLA RENOVABLES plans to expand the Whitelee wind power complex in Scotland, already the biggest in Europe, using Alstom-Ecotecnia technology. With the installation of next-generation Alstom ECO 100 turbines, with unit capacity of 3 MW, this facility will cement its position as one of the most important renewable energy complexes in the world, with installed capacity of 539 MW.

The Scottish expansion project falls under the umbrella of the master agreements reached between the company and Alstom-Ecotecnia, which include, on top of the planned addition of 217 MW at Whitelee (where 322 MW are already fully operational), supply of equipment for several wind farms in Spain and the UK.

Offshore wind power and the role of R&D

Moreover, with the goal of boosting offshore wind power technology in Spain and abroad, the two companies have agreed to work together on related R&D projects leveraging technology developed by Alstom.

Against this backdrop, both companies have recently signed the so-called Floating Platforms and Offshore Wind Turbines initiative, which entails the development of a floating platform to host the 6 MW offshore turbine currently being developed by Alstom-Ecotecnia at its R&D facility in Barcelona, slated for completion by June 2013.

Under the umbrella of its strategic commitment to the development of offshore wind power in Catalonia, IBERDROLA RENOVABLES has been supporting the IREC (Catalan Energy Research Institute) since 2009 in its work to develop a test platform -the Zefir Test Station Project- in a bid to advance on research into the specific requirements of this source of power.

Elsewhere, the company is also pursuing a very important initiative with the Barcelona-based BSC (National Supercomputing Centre) designed to improve the layout of onshore wind farms with high turbine density, those installed on physically challenging sites and large-scale offshore wind farms.

Lastly, IBERDROLA RENOVABLES has rounded out its pitch for the Catalan wind power tender with initiatives designed to stimulate the use of the electric vehicle at several points throughout the region, as well as opening several interpretation centres, promoting energy savings and efficiency plans and awarding training scholarships in the renewable energy field. 

Along these lines, the company has offered to implement in Catalonia its most successful educational initiative to date: its energy classrooms. These centres will provide visitors – schools, associations, etc. – with practical information on the key characteristics of renewable energy. The company has already installed five of these classrooms across Spain.

The leading player in Spain

IBERDROLA RENOVABLES is the leading developer of renewable energy in Spain, with installed capacity of 5,593 MW at the end of September 2010. The company aspires to safeguard its unique position in Catalonia’s latest renewable power expansion.

The company has 5,199 MW of wind power capacity at 178 wind farms. It also has 342 MW of small-scale hydro capacity in Spain, 50 MW at the solar thermal plant in Puertollano, Ciudad Real, and 2 MW at its first forestry biomass power plant in Corduente, Guadalajara.

One of the main factors that make the projects undertaken by IBERDROLA RENOVABLES stand out is the promotion of local job creation. Ninety per cent of the people operating the company’s wind farms in Spain (where the headcount has jumped from 50 to close to 800) come from the towns where the facilities have been developed, while almost half of the jobs generated in Spain have been created in rural areas.

It is worth noting that in the last three years alone, the company’s business operations have generated over 15,000 indirect jobs nationwide. Furthermore, since 2001 more than 3,000 companies, most of which are local, have collaborated with IBERDROLA RENOVABLES in Spain.

With operations in 23 countries, IBERDROLA RENOVABLES is the world leader(*) in its sector by both installed capacity (12,006 MW at the end of the third quarter of 2010) and output (18,091 million kWh in the first nine months of 2010).

 

LEGAL NOTICE:  

DISCLAIMER 

The information and all statements contained in this press release have not been verified by independent third parties; therefore no express or implied warranty is made as to the impartiality, accuracy, completeness or correctness of the information or the opinions and statements expressed herein.

Neither Iberdrola Renovables, S.A., its subsidiaries or any entity within Iberdrola Group or subsidiaries, or any company participated by Iberdrola Renovables, S.A., assume liability of any kind, whether for negligence or any other reason, for any damage or loss arising from any use of this press release or its contents.

Neither this press releasenor any part of it constitutes a contract, nor may it be used for incorporation into or construction of any contract or agreement.

IMPORTANT INFORMATION 

This press release does not constitute an offer or invitation to purchase or subscribe shares, in accordance with the provisions of the Spanish Securities Market Act (Act 24/1988, of 28 July), Royal Decree Act 5/2005, of 11 March, and/or Royal Decree 1310/2005, of 4 November, and its implementing regulations.

Particularly, this press release does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities in the United States of America. The shares of Iberdrola Renovables, S.A. may not be offered or sold in the United States of America except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exemption from registration.

FORWARD-LOOKING STATEMENTS 

This press releasecontains forward-looking information and statements about Iberdrola Renovables, S.A. These forward looking statements relate to financial projections and estimates and their underlying assumptions, statements regarding plans, targets and expectations with respect to future operations, capital expenditures, synergies, products and services, and statements regarding future performance. Forward-looking statements are statements that are not historical facts and are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates” and similar expressions.

Although Iberdrola Renovables, S.A. believes that the expectations reflected in such forward-looking statements are reasonable, investors and shareholders in Iberdrola Renovables, S.A. are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Iberdrola Renovables, S.A., that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the public documents sent by Iberdrola Renovables, S.A. to the Comisión Nacional del Mercado de Valores (the Spanish securities regulator, or the CNMV for its initials in Spanish).

The forward-looking statements are no guarantee whatsoever of future results and have not been reviewed by the auditors of Iberdrola, Renovables S.A. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date they were made. All oral or written forward-looking statements attributable to Iberdrola, Renovables S.A. or any of its board members, directors, officers, employees or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. All forward-looking statements included herein are based on information available on the date hereof. Except as required by applicable law, Iberdrola, S.A. does not undertake any obligation to publicly update or revise any forward-looking statements, even in the event of new information being published or new events occurring.

(*) Source: Bloomberg New Energy Finance
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