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Spain

Iberdrola buys Spain's biggest wind farm in €320million deal

SPAIN: Iberdrola Renovables has bought the 244MW El Andévalo wind farm, in Andalucia, from Gamesa in a €320million deal.

The 244MW El Andévalo wind farm
The 244MW El Andévalo wind farm

The sale of El Andévalo forms part of a framework deal signed in 2005 committing mother company, utility Iberdrola, to buying 600MW of Gamesa installed wind capacity in Andalucía to 2011. Iberdrola is Gamesa’s single biggest shareholder with a 14.12% stake.
 
The acquisition means Iberdrola Renovables now owns Europe’s biggest three online wind complexes; the other two are Whitelee, at 322 MW, near Glasgow in Scotland and run by Iberdrola affiliate ScottishPower, and Maranchón, at 208 MW, in the Spanish province of Guadalajara.

It also consolidates Iberdrola Renovables’ place as Andalucia’s biggest wind operator. It has 791MW under its belt in the region, or 28% of the 2.8GW online according to end-2009 figures from national wind association, Asociación Empresarial Eólica (AEE).
 
The complex is made up of a mix of Gamesa 850kW and 2MW machines forming seven individual wind stations spread across the three Huelva districts of El Almendro, Alosno and Puebla de Guzmán. All seven stations share the same 120km, 220kV double circuit line built by Iberdrola to connect the capacity to the grid.

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