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Latest Iberdrola Stories

2008-10-06 18:00:30

Testing grounds for new technology and training sites for wind technicians, IBERDROLA RENEWABLES' wind generation projects in Oregon reached a major milestone today with the opening of the newly constructed Klondike III and IIIa facilities. Renewable energy leaders, elected officials, students and the Sherman County community gathered in the wheat fields east of Wasco, Ore., to celebrate the opening of Klondike III and IIIa. The new projects encompass 176 new turbines, which generate...

2008-10-06 12:00:36

PECO recently signed a five-year agreement with IBERDROLA RENEWABLES to purchase 240,000 megawatt-hours of wind energy credits. With the purchase, PECO becomes the first utility in the state to buy and bank renewable energy credits to meet its Pennsylvania's Alternative Energy Portfolio Standards (AEPS) requirements in 2011. "By purchasing these renewable energy credits now, and banking them to meet future requirements, we can take advantage of current market prices," said Denis O'Brien,...

2008-10-03 06:00:22

Iberdrola Renovables has opened the 18MW La Cotera wind farm, located in the Rio Nela mountain region, in Merindad de Valdeporres, in the Spanish province of Burgos. The new wind farm, which required an investment of E20.6 million, is promoted by Iberdrola Renovables Castilla y Leon, a company owned by Iberdrola Renovables. The La Cotera wind farm was constructed in 10 months and is equipped with nine Gamesa G87 wind turbines, each capable of producing 2MW of power.

2008-09-29 09:00:49

Iberdrola has obtained the initial permits and licenses for constructing its first combined-cycle power plant in Germany, which will be located in the town of Ludwigsau and will have some 1,100MW of installed power. The authorities of the state of Hessen have issued the prior resolution and the permits for water intake and discharge for the company's first traditional electricity generation plant in Germany. Iberdrola, which plans to progressively increase its presence in the European...

2008-09-24 12:00:31

Much more than wheat is rising on the rolling hills of the Central Columbia River Gorge. The expanding Klondike Wind Power Projects, just east of Wasco, Ore., hosts new, next-generation turbine technology designed to make generating wind power more efficient, safe and weather-resistant than ever before. The Klondike III project is the North American test site for the flagship Mitsubishi 2.4 megawatt (MW), 92-meter rotor wind turbine manufactured in Japan. The turbine, erected at Klondike...

2008-09-23 12:00:45

Spanish clean energy firm Iberdrola Renovables has brought three new wind farms on stream in the US with a combined capacity of 168.5MW, adding to its growth and advancing its strategic goals in the market. Iberdrola Renovables brought on stream the 72MW Providence Heights wind farm in Bureau County, Illinois, with 36 Gamesa G87 2MW capacity wind turbines; the 20MW Winnebago I wind farm in Winnebago County, Iowa, with 10 Gamesa G83 2MW wind turbines; and the 76.5MW Klondike IIIA wind farm...

2008-09-23 03:00:25

Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ("OPT") is pleased to announce that it has deployed its first PowerBuoy(R) under contract with Iberdrola S.A, one of the world's largest renewable energy companies, and its partners, at a site approximately 3 miles off the coast of Santona, Spain. First OPT Wave Power Station in Europe As noted by Iberdrola, the deployment of OPT's PB40 PowerBuoy is the latest milestone toward the building of the...

2008-09-23 00:00:27

By Cliff Feltham British Energy is close to approving a 12bn bid from the French energy giant EDF as the Government insisted that Britain must press ahead with new coal and nuclear power stations. The on-off saga surrounding British Energy's future is expected to be resolved later this week when EDF makes an agreed offer worth 774p a share. There will be an alternative offer worth 700p giving investors rights to share in profits based on future power prices. BE closed at 728p, up 8p,...

2008-09-17 12:00:30

Iberdrola has closed the friendly acquisition of Energy East, a transaction ultimately valued at E3.22 billion in cash plus another E2.86 billion in debt, a total of E6.09 billion which compares to the E6.4 billion initially estimated. The company had already arranged financing for the acquisition through a E3.4 billion capital increase, raised via an accelerated bookbuilding offer (ABO) in June 2007. With the acquisition of Energy East, Iberdrola increases its assets in the US to around...

2008-09-17 09:00:53

PORTLAND, Maine, Sept. 17 /PRNewswire-FirstCall/ -- IBERDROLA, S.A. today closed the friendly acquisition of U.S. company Energy East Corporation, a transaction finally valued at euro 3,222 billion* in cash plus another euro 2,869 billion* in debt, a total of euro 6,091 billion* which compares to the euro 6,400 billion initially estimated. The Company had already arranged financing for the acquisition through a euro 3,400 billion capital increase, raised via an Accelerated Bookbuilding...


Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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