Eduardo Frei, the former president and current candidate for the presidency of Chile, today visited IBERDROLA RENOVABLES’ El Romeral wind farm and the company’s Renewable Energies Operations Centre in Toledo (CORE).
The Chilean presidential candidate is visiting to experience first-hand the huge strides made in the field of renewable energies in Castilla-La Mancha, a region known worldwide for its expertise in the development of new clean energy sources.
Mr Frei was accompanied by the Minister for Industry, Energy and the Environment of the region of Castilla-La Mancha, Paula Fernández, the region’s Director General for Industry, Benito Montiel, IBERDROLA Renovables’ manager for Spain, Víctor M. Rodríguez, and the Adviser for International Affairs to the Chairman of IBERDROLA, Ramón de Miguel
In the morning Mr Frei and his companions visited IBERDROLA RENOVABLES’ El Romeral wind farm. This facility, located in Villacaños in Toledo province, was built by the company in 2002 and has a capacity of around 32 MW delivered by 37 wind turbines, each with an output of 850 kilovolts (kW).
The party then moved on to the Renewable Energies Operations Centre in Toledo (CORE), a state-of-the-art facility which carries out real-time monitoring of all IBERDROLA RENOVABLES’ installations worldwide.
This centre controls, manages and carries out maintenance work on all IBERDROLA RENOVABLES’ wind farms, mini hydro power stations and associated substations in real time, 24 hours per day, 365 days per year.
The operations centre came on stream in July 2003 with the aim of optimising the technical management and economic performance of the company’s facilities, thereby enhancing the quality of the renewable energy supplied. The centre gives additional stability to the national electricity grid, since it provides greater control over wind energy, adapting to the new operational requirements of the network caused by the high penetration ratio of wind energy in the system.
The operations centre has generated huge interest among all social agents and has been visited on numerous occasions by politicians, energy specialists and companies from around the globe. The location of this facility in Toledo underlines the commitment of IBERDROLA RENOVABLES to the development of clean energy sources in Castilla-La Mancha, where it has so far invested more than €2bn.
IBERDROLA RENOVABLES is the leading developer of renewable energies in this
region, with a capacity of 1,930 megawatts (MW). Of this figure, 1,835 MW
corresponds to the company’s wind farms, with its 26 mini-hydro facilities
accounting for 95 MW. This output meets the annual energy requirements of
approximately three million people.
This document has been prepared by IBERDROLA RENOVABLES, S.A. (the “Company”) in relation with the announcement of the capacity and production results of the complete 2008 fiscal year.
The information and any statements made in this document 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 expressed herein.
Neither the Company nor any of its advisors or representatives assume liability of any kind, whether for negligence or any other reason, for any damage or loss arising from any use of this document or its contents.
Neither this document nor any part of it constitutes a contract, nor may it be used for incorporation into or construction of any contract or agreement.
This document does not constitute an offer or invitation to purchase or subscribe shares, in accordance with the provisions of the Spanish Securities Market Law (Law 24/1988, as amended and restated from time to time), Royal Decree Law 5/2005 and/or Royal Decree 1310/2005 and its implementing regulations.
This report does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act.
This communication contains forward-looking information and statements about IBERDROLA RENOVABLES, S.A. and otherwise, including financial projections and estimates and their underlying assumptions, statements regarding plans, objectives 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. Prior results cannot be used as indicators of future performance.
Although IBERDROLA RENOVABLES, S.A. believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of IBERDROLA RENOVABLES, S.A. shares 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, among others, those discussed or identified in the public documents sent by IBERDROLA RENOVABLES, S.A. to the Comisión Nacional del Mercado de Valores.
Forward-looking statements are not guarantees of future performance and they 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 subsequent oral or written forward-looking statements attributable to IBERDROLA RENOVABLES, S.A. or any of its 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 to IBERDROLA RENOVABLES, S.A. on the date hereof. Except as required by applicable law, IBERDROLA RENOVABLES, S.A. does not undertake any obligation to publicly update or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise.