Iberdrola Plans to Build Wind-Energy Parks in Mexico, Brazil
Nov. 17 (Bloomberg) -- Iberdrola SA, Spain's second-largest power company, plans to build wind-energy parks in Mexico and Brazil to generate more electricity from renewable sources as the utility expands in Latin America.
The Madrid- and Bilbao-based company will build 100 megawatts of wind generation in the state of Oaxaca, Mexico, enough to light a city of 100,000 people, and another 50 megawatts in the Brazilian state of Rio Grande do Norte, the company said today in an e-mailed statement. The parks will start operations in 2006.
Iberdrola has a total capacity of 24,381 megawatts, according to the company. Renewable generation accounted for 7.7 percent of Iberdrola's production in Spain in the first nine months of 2004. Nuclear generation provided 41 percent of the total over the same period, according to its Web site.
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Elena Moya in London moya@bloomberg.net
To contact the editor responsible for this story:
Timothy Coulter at tcoulter@bloomberg.net
Last Updated: November 17, 2004 04:59 EST
