Latest Iberdrola Stories

RWE Energy has sold its 50% share in the electricity generator, Tarragona Power, to the Spanish utility Iberdrola. Iberdrola and RWE have agreed to the full takeover of Tarragona Power by Iberdrola Generacion. Tarragona Power is a joint venture so far owned in equal terms by Iberdrola Generacion and an affiliated company of RWE Energy. Tarragona Power owns and operates a gas-fired combined-cycle plant with a capacity of 417MW and additional facilities to supply electricity, steam and other...

By Rosemary Gallagher ENERGY firm ScottishPower Renewables (SPR) has set an ambitious new target for wind-farm development by revealing that it wants to increase capacity by 80 per cent. It was previously committed to producing 1,000 megawatts of renewable energy by 2010 but has raised that to 1,800MW by 2012. As the majority of its wind farms are in Scotland, the firm says this will help the Scottish Government achieve its aim of generating 31 per cent of the country's electricity...

The New York Public Service Commission has approved a E3.4 billion takeover of US-based electricity generation group Energy East by Spanish energy major Iberdrola, subject to pre-conditions, according to AFP. The New York Public Service Commission (PSC) has set a series of pre-conditions which are required to be met by Iberdrola before proceeding with the acquisition. Energy East is reported to have 1.7 million electricity and 0.9 million gas customers. Regulators in the states of...

The New York State Public Service Commission on Wednesday authorized the acquisition of Energy East Corp. and its affiliates by Spanish power giant Iberdrola SA. One of the world's leading energy providers, the company is now positioned to play a major role in Upstate New York; its aquisition includes Energy East affiliates New York State Electric & Gas Corp. and Rochester Gas and Electric. The approval included stipulations requiring Iberdrola to enhance ratepayer financial benefits,...

By David Robinson State regulators Wednesday unanimously approved the $4.5 billion merger between Energy East Corp. and Spanish power producer Iberdrola SA, clearing the way for new owners to take over New York State Electric & Gas Corp. if they accept the conditions imposed on the deal. The state Public Service Commission voted, 4-0, to approve the merger, ending a lengthy review that led to state regulators imposing a host of conditions on the deal, including a reduction of as much...

Iberdrola Renewables has announced that construction is underway on a 50MW wind farm, the Buffalo Ridge Wind Power Project near White, South Dakota. The project, expected to be complete in 2009 contingent upon passage of the production tax credit, will export enough energy for approximately 15,000 homes each year. The power generated from this South Dakota wind farm will be purchased by Northern Indiana Public Service Company, serving more than 445,000 electric customers across the northern...

By Eric Walter Despite the abrupt resignation of one of its members and a one- week delay in a vote on the matter, the New York State Public Service Commission expects to rule soon on Spanish energy giant Iberdrola SA's proposed $4.5 billion takeover of Energy East. James Denn, a spokesperson for the agency, said on Thursday that a decision more than likely will be made Sept. 3. The five-member commission had planned for several weeks to vote on the matter Wednesday but, at the last...

By Tony Sapochetti PONTIAC - Plans for a major Livingston County wind farm advanced Thursday with the approval of a road use agreement between the county and a wind farm developer. The Spanish company Iberdrola Renewables is expected to begin developing the 155-turbine Streator Cayuga Ridge South Wind Farm this fall. The electricity-producing towers would be scattered across 15,000 acres, primarily between Odell and Emington. The Livingston County Board approved the project in July....

IBERDROLA RENEWABLES announced today that construction is underway on a 50 megawatt (MW) wind farm, the Buffalo Ridge Wind Power Project near White, South Dakota. The project, expected to be complete in 2009 contingent upon passage of the Production Tax Credit, will export enough energy for approximately 15,000 homes each year. "The construction of yet another large-scale wind energy project in Brookings County by IBERDROLA RENEWABLES represents South Dakota's willingness to be a significant...

By David Robinson The state Public Service Commission delayed a decision Wednesday on the proposed $4.5 billion merger between Energy East Corp., the parent company of New York State Electric & Gas Corp., and Spanish power producer Iberdrola SA. While the commission held a special meeting on the proposed merger Wednesday, PSC Chairman Garry Brown said the panel would not vote on the deal, as expected, because two members of the commission's five members did not attend the special session....