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IBERDROLA RENEWABLES signs turbine contract with General Electric

IBERDROLA RENEWAABLES has signed a contract with General Electric for the supply of turbines with a total capacity of 300 megawatts (MW). The total investment related to development of this wind capacity will total approximately €430 million.

Under the terms of the contract, IBERDROLA RENEWABLES will acquire 200 General Electric turbines of 1.5 MW capacity each, for delivery in 2010 to its wind farms in the United States.

With this contract, consistent with the goals of the 2008-10 Strategic Plan, IBERDROLA RENEWABLES completes its turbine supply program for its wind power program in the U.S., thus avoiding one of the principle uncertainties in this business and guaranteeing the installation of a major part of its projects in the short and medium term.

The agreement with General Electric follows the previous purchase of 300 MW in turbine capacity from Mitsubishi in the context of a framework agreement, scheduled for delivery in 2010 in the United States, and acquisition last year from Suzlon Wind Energy Corporation of turbines with a capacity of 700 MW, for delivery between 2008-2009.

Also, in 2006, IBERDROLA RENEWABLES signed a contract with Gamesa for the supply of 2,700 MW in turbine capacity for delivery between 2007 and 2009.

Source : Communiqué IBERDROLA

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