http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/04/19/bloomberg1376-L1
4EOD0D9L35-1.DTL
Iberdrola Plans World's Largest Wind-Energy Complex in Romania
Monday, April 19, 2010
April 19 (Bloomberg) -- Iberdrola SA plans to build 50 wind parks in Romania
in what would be the world's largest land-based wind-energy development.
Aiming to supply electricity to almost 1 million homes, the Spanish company
acquired development rights from the Romanian government to build 1,500
megawatts of capacity through 2017, its Iberdrola Renovables SA unit said
today in a statement.
In less than a decade, Bilbao-based Iberdrola expanded a Spanish wind
business into more than 10 new markets including the U.S., the U.K., Poland
and Hungary to be the world leader in low-carbon power generation from the
wind, followed by Florida-based FPL Group Inc. and China Guodian Corp. of
Beijing, according to Bloomberg New Energy Finance.
This permission will permit Iberdrola Renovables to develop the Dobrogea
Project, the most ambitious developed yet in the world, the company said.
Iberdrola reported an installed capacity at the end of last year of about
44,000 megawatts, of which natural gas-fired plants account for 30 percent,
renewable energy 25 percent and hydropower stations 23 percent. Iberdrola
Renovables aims to increase its installed capacity to 16,000 megawatts by
2012 from 11,294 megawatts at the end of March.
Like Florida's FPL, Iberdrola has grown to be one of the largest
investor-owned utilities partly because of rapid expansion in wind energy.
Wind and biomass are typically the cheapest sources of renewable energy and
plants using them can be built faster than large-scale solar or geothermal
installations.
--With assistance from Joao Lima in Lisbon. Editors: Paul Tobin, Randall
Hackley
C2010 Bloomberg News
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