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Iberdrola Renovables, in consortium with Neoenergia, has been awarded the contract for nine new wind farms in Brazil, with total installed capacity of 258 MW. It is the second contract to develop renewable energy that the company has won in Brazil.
The contract award took place in Rio de Janeiro, during the second tender process for renewable energies in the country, organised by the Agencia Nacional de Energía Eléctrica (Aneel).
Iberdrola Renovables has committed to supply the electricity generated at these facilities to the Brazilian government for a 20-year period, starting in January 2013. The annual amount of the contract awarded yesterday by Aneel is about €60 million (130 million reales).

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China WindPower Group Ltd, Iberdrola SA and Duke Energy Corp will lead development of an estimated $65 billion of wind-power plants this year that let utilities reduce their reliance on fossil fuels.

The estimate from Bloomberg New Energy Finance assumes a 9 percent increase in global installations of wind turbines this year, adding as much as 41 gigawatts of generation capacity. That's the equivalent of 34 new nuclear power stations.

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Iberdrola Renovables SA, the world’s largest operator of wind parks, agreed to buy Spain’s largest wind farm from Gamesa Corporacion Tecnologica SA.

Renovables, based in Valencia, paid Gamesa 320 million euros ($441 million) for 244 megawatts of power capacity in Andevalo, Spain

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"News last week of the first major influx of Chinese capital and wind turbine manufacturing expertise into the renewable energy market in the United States — a 600-megawatt wind farm planned for the plains of west Texas — had many readers of the Green Inc. blog in a state of agitation."

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Spanish renewable energy giant Iberdrola Renewables confirmed it has received US Treasury Department approval of three additional grants totalling $250,953,367. These grants represent investment by Iberdrola Renewables of approximately $860m in US wind power in three states.

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ScottishPower, a unit of Spain's Iberdrola, said on Monday its Whitelee wind farm near Glasgow is to be completed ahead of schedule in the next few weeks.

ScottishPower Renewables said all of the 140 turbines at the farm would be ready in the near future, raising its capacity to 322 megawatt -- enough to power more than 180,000 homes. It would be Europe's largest onshore wind farm.

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