at the Citizen Power Alliance 2010 Wind Conference
Iberdrola to invest $3.9 billion in wind energy in U.S. by 2012
|Iberdrola Renovables is the company that has installed the most renewable energy in the United States in recent years representing 11% of U.S. installed wind power.|
Chairman Ignacio Galán informed the Secretaries of State for Energy and Commerce. Of this amount, $3.9 billion will go to new wind power farms and $2.1 billion to improve the supply quality. In the last five years, the Company has invested $25 billion in the country and directly employs 5,000 professionals.
The Chairman of Iberdrola, Ignacio Galán, met in Washington with the U.S. Secretaries of State for Energy and Commerce, Steven Chu and Gary Locke. During these meetings, Galan announced the intention of the Company to invest $6 billion in the U.S. by 2012.
Of this figure, 65% - $3.9 billion -- will be devoted to the construction of new wind farm plants in the U.S., where Iberdrola Renovables, the world leader in renewable energy, is already the second largest wind turbines producer with 4,700 megawatts (MW) of installed wind power capacity. This will be possible, in part, thanks to incentives/grants awarded to the Company by the U.S. government, amounting to $1.0 billion.
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posted by CITIZEN POWER ALLIANCE at 8:17 AM - permanent link
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