Spain's second largest utility, Iberdrola, has approved a budget of ESP 600 billion (EUR 3.6 billion) to back its renewables business plan for 2001-2006. The plan aims to bring 3000 MW of new wind on-line by 2006, together with a further 60 MW in small hydro. Two thirds of the budget will be for European developments, mostly for Spain, says Gonzalo Sáenz of Iberdrola's recently created renewables directorate. He confirms that Iberdrola considers France and several central European countries as attractive wind markets. The plan's remaining ESP 200 billion will go to projects in the US and Latin America and will be controlled by Compañía Americana de Energías Renovables (CADER), a joint venture between the renewables directorate and Spain's biggest wind developer, Energía Hidroeléctrica de Navarra. EHN's main shareholder is Iberdrola. "CADER intends to create companies with local partners to develop projects in the different countries," says Sáenz. So far there are two such companies, North American Renewables and EnerBrasil. Sáenz claims that 555 MW of Spain's on-line wind capacity is under the Iberdrola umbrella via shares in various developers, especially EHN. The company also claims to control a further 222 MW now building. Iberdrola's boost to renewables comes as part of an overall corporate strategy to double business volume by 2006 via investments totalling EUR 12 billion. The renewables directorate -- yet to be given a commercial name -- is one of nine new divisions.
Leading business intelligence for the wind community.
- In-depth news, analysis, market insight and trends.
- Join today and get your first 30 days free
In these extreme times, we need creative measures to find answers to pressing challenges – and this community-driven energy initiative is already getting legislative backing…
Tech that has more commonly been used to monitor damage to structures such as bridges is now coming to the fore in the wind industry as a more efficient way to detect blades that have been compromised
No wind farm or operator is the same. That’s why Winergy offers turbine-ready service solutions
Keynote speaker at Blades USA 2022 – David Kaskie, vice president of Products & Systemsdivision, MISTRAS Group – on the importance of getting creative.