President José María Barreda of the government of the Castile-La Mancha region joined IBERDROLA Group Chairman Ignacio Galán today on a visit to the site where the Spanish utility group is building a thermal solar plant in Puertollano, in the province of Ciudad Real.

They were accompanied by Enrique Jiménez Larrea, Director General of the National Energy Diversification and Savings Institute (IDEA); Mayor Joaquín Carlos Hermoso of Puertollano; Xavier Viteri, CEO of IBERDROLA RENOVABLES; and Víctor Rodríguez, the unit’s country manager for Spain.

In remarks made during the visit, Galán said “we are using cutting-edge technology, making this a pioneering project in Europe”, and he thanked regional government officials, saying “if years ago they gave their backing to wind power, once again they are in the vanguard of the use of the sun as a source of renewable energy”.

Galán, who serves as chairman both of the IBERDROLA group and of the renewables unit, said the project reflects IBERDROLA’s “commitment to the global struggle against climate change, protection of the environment, renewable energies, and the economic and social advancement of Castile-La Mancha”, a region in which the group intends to invest €630 million in the next three years, chiefly in renewable energy projects.

The Puertollano facility, due to come on stream near the end of 2008 –tests are scheduled for October– will generate up to 50 MW, and represents an investment of some € 185 million. IBERDROLA RENOVABLES holds a 90% interest, and the IDEA institute the remaining 10%.

The plant is expected to generate some 115 million kWh per year, enough to supply a town of some 50,000 people, and to avoid the emission of some 40,000 tonnes of CO2 into the atmospheres

On a 135-hectare site, the plant will have 290,000 square metres of solar capture area, with 352 parabolic cylinder collectors with some 120,000 parabolic mirrors and 13,000 absorption tubes.

The plant is similar to another IBERDROLA RENOVABLES project in the Spanish province of Teruel. The company plans to commission a total of 150 MW of thermal solar power in the next three years in Spain.

IBERDROLA’s Renewable Energy Production Plant Capacity Climbed by 74% in 2007

In 2007 IBERDROLA RENOVABLES achieved a total renewable energy generation capacity of 7,704 MW, representing a 74% increase for the year. Wind power accounted for 7,362 MW, and mini-hydro plants for the other 342 MW.

The Company thus consolidated its world leadership as producer of renewable energy, with an operational capacity of 4,571 MW in Spain, a 14.4% increase for the year, of which wind power accounted for 4,229 MW.

In 2007 IBERDROLA RENOVABLES added 577 MW in Spain, where it has installations in 13 regions, and capacity is now distributed as follows: 1,881 MW Castile-La Mancha; 918 MW in Castile-León; 593 MW in Galicia; 391 MW in Andalusia; 262 MW in Aragon; 248 MW in La Rioja; 82 MW in the Basque Country; 76 MW in Murcia; 56 MW in Valencia; 44 MW in Navarre; 14 MW in Cantabria; 5 MW in Estremadura, and 1 MW in the Madrid region.

Meanwhile, the company’s renewable power capacity abroad increased sevenfold in 2007, from 440 MW to 3,134 MW, chiefly due to the acquisition last spring of ScottishPower, which has a capacity of 382 MW in the UK, and another 2,145 MW in the United States, via its subsidiary PPM Energy.

The remaining 607 MW of capacity includes 218 MW in Greece, 126 MW in France, 105 MW in Poland, 60 MW in Germany, 50 MW in Portugal, and 49 MW in Brazil.

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* Source: New Energy Finance (May 2007)

** When compared with those of a gas-fired combined cycle power plant

*** Including 606 MW belonging to a third party under an energy sales contract

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