"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Wednesday, September 06, 2006

Spanish Iberdrola make first move into UK Wind Energy

Iberdrola SA is a large hydro and nuclear electric energy company, engaged in the generation, transmission, distribution and marketing of electricity and natural gas. They are based in Spain and operate overseas in Spanish speaking areas, Brazil, Bolivia and Chile it also operates in the Mexican and Guatemalan markets.

They have just announced the acquisition of 2 UK wind farms (no financial figures provided) which are currently under construction (due to commence generation end 2007) with a total combined capacity of 20.55 megawatts. These are the Clachan Flats 15 MW farm with 9 turbines from AMEC Wind Energy located near Cairndow in Argyll and Bute.

They have also acquired the small Higher Darracott 3 turbine 2.55 MW farm near Torrington in Devon from which was developed by West Coast Energy Ltd., with Darracott Moor Wind Farm Ltd of Mold.

Iberdrola says that it aims to have total wind capacity in the UK of 200 MW by 2011 and have opened an office in Birmingham.

They have also recently invested Euros 22 Mn in a biomass electricity generating plant near Corruna and have a program for investment in renewable energy thoughout their markets.

No comments:

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish