Spain

Spain

Wind drives big financial gains at Acciona Energia

Acciona Energía -- the renewables division of Spanish construction, logistics and energy group, Acciona -- registered sales of EUR 252 million in the first quarter of 2007, mainly from wind generation plus construction and O&M services, up 40.8% on the same period last year. The result is "due to strong organic growth of wind power," Acciona reports. Total group sales were up 25.9% to EUR 1641 million, with renewables making up 25.4% of that. Since March 2006, Acciona Energía has installed 825 MW of new wind plant, of which it directly owns 578 MW. Of a total renewables capacity of 3518 MW, wind makes up 3317 MW, 2490 MW owned entirely by the company. Spain accounts for 2822 MW, or 85%, of the total, of which Acciona has sole ownership of 2208 MW. The remaining 495 MW is abroad (281 MW solely owned), mainly in Germany, the United States, France, Australia and Canada, in that order. Export activity is growing, accounting for 357 MW, or 64%, of the 556 MW of wind capacity Acciona Energía is currently building. That figure includes the 192 MW Waubra project in Victoria, Australia, half owned by Acciona Energía.

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