Iberdrola Renovables: “No change in investment plans”
Spanish energy company Iberdrola Renovables has confirmed that it still plans to deliver all the wind projects planned for this year and will continue with its strategic plan to invest €18.8 billion by the end of 2012.
"Last year we were building Europe's largest wind farm in Glasgow which was over 300MW, this year the project was completed," a spokesperson for parent company Iberdrola told Energy Risk. "We have no change in our investment plans. We will still deliver the projects that were planned for this year but what we will install and construct won't be as large this year."
The statement was in response to UK media reports saying that Iberdrola had cut its investment in UK wind by 40% or £300 million.
Iber
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