Monday, March 8, 2010

Iberdrola, World's Largest Wind Energy Producer, to Invest More Than $10 Billion in U.S. Market

Spanish utility giant Iberdrola plans to spend more than $10 billion in the U.S. wind energy market in the next three years.

During the same period the company plans to spend about $6 billion in Spain and the United Kingdom and $3 billion in South America and other locations.

The money spent in the United States represents about 40 percent of the firm's total investment across its entire energy business, the Financial Times has reported ("Iberdrola to Focus on U.S. Growth," Feb. 24, 2010).

Currently Iberdrola has 3,500 MW of installed capacity in the U.S. and is aiming at growing to 23,500 MW of installed capacity.

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