IBERDROLA has invested 23 million euros in the first stage of its expansion programme at the Sil wind farm, near the towns of Nogueira de Ramuín and Esgos, in the Galician province of Orense.
The additional 28 MW lifts the installation’s output capacity to 49.2 MW, thanks to deployment of 14 new 2 MW Gamesa G80 wind turbines.
Another 12 MW is to be added in a second expansion state next year.
In the Galicia region of north-western Spain, IBERDROLA boasts a wind power production capacity of 594 MW, which is expected to rise to 625 MW before the end of this year.
Today the IBERDROLA Group’s worldwide renewable power capacity now comes to about 6,562 MW. In April it added more than 2,000 MW, chiefly from ScottishPower’s U.S. subsidiary PPM.
IBERDROLA’s wind power projects now in the pipeline around the world amount to some 38,000 MW, including some 6,000 MW in Spain, another 6,000 MW in the U.K., almost 5,400 elsewhere in Europe, more than 19,200 MW in the U.S., 400 MW in Latin America, and 500 MW in the rest of the world.
IBERDROLA plans to list as much as 20% of Iberenova, its renewables unit, on the stock market, in a capital increase in the fourth quarter of 2007. IBERDROLA’s early commitment to sustainable development has made it world’s most important wind power operator.
The listing of Iberenova shares will lend market visibility to renewable energy and provide funds for continued growth and development without compromising the financial soundness of the IBERDROLA group.
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