The deal brings Iberdrola Renewables' wind project portfolio in Hungary to 254 MW, of which 158 MW have obtained licenses to produce electricity, although final building permits have yet to be granted. Hungary, with just 62 MW of wind power in operation to date, is included in Iberdrola Renewables' growth plans in eastern Europe, which make up a sizeable proportion of its expansion strategy. Further east, Iberdrola is keeping its plans quiet for the huge Russian market. But the local government of Krasnodar, a North Caucasian region bordering the Black Sea, recently revealed it is processing a EUR 1000 million wind investment plan by a joint venture between Iberdrola and a local firm, Vetroen Yug. The aim is to install around 1000 MW of wind power.
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