Iberdrola Renovables Capacity Up By 2,000 Mw Over The Past Twelve Months

Friday, Oct 09, 2009

Iberdrola Renovables, the world’s leading wind power company(*), has driven up its installed capacity over the past twelve months in 1,990 MW, to 10,477 MW, representing a 23.4% increase. With this capacity, the Company can avoid the emission of nearly 8.5 million tonnes of CO2 per year and supply power to some 21 million Spaniards.

By the end of September, the Company’s installed capacity outside Spain reached 50.3% of the total, surpassing domestic capacity for the first time. Iberdrola Renovables has operations in 23 countries.

Close to 60% of the new capacity (1,140 MW) was installed in the US, taking the total there to 3,459 MW at 30 September, 50% higher than the year-earlier figure. A significant part of the Company’s growth was in the US, due, among other factors, to a favourable regulatory environment.

In the UK, another key market for Iberdrola Renovables, capacity rose 30% to 802 MW.

Iberdrola Renovables now has installed capacity of 5,200 MW in Spain. Wind power capacity stood at 4,806 MW, marking a 356 MW increase over the previous twelve months. The Company also has 342 MW of small-scale hydroelectric power in Spain, 50 MW at its first solar thermal plant in Puertollano (Ciudad Real) and 2 MW at its first biomass power plant in Corduente (Guadalajara).

By regions, Castilla-La Mancha has the highest installed capacity, with 1,981 MW at the end of the third quarter of the year, followed by Castilla y León (1,160 MW), Galicia (627 MW), Andalusia (547 MW), Aragon (278 MW), La Rioja (248 MW), the Basque Country (153 MW), Murcia (76 MW), Valencia (56 MW), Navarre (44 MW), Cantabria (23 MW), Extremadura (5 MW) and Madrid (1 MW).

In the Rest of the World, Iberdrola Renovables installed capacity at 30 September stood at 1,016 MW, 33,3% higher than the year before. The Company has 245 MW in France, 219 MW in Greece, 161 MW in Poland, 92 MW in Portugal, 80 MW in Mexico, 63 MW in Germany, 57 MW in Italy, 50 MW in Hungary and 49 MW in Brazil.

Between January and September 2009, installed capacity increased by 1,176 MW (of which 1,122 was wind power and 54 MW other technologies). The increase in wind power breaks down as follows: 281 MW in Spain, 582 MW in the US, 137 MW in the UK and 122 MW in the Rest of the World.

Electricity output at Iberdrola Renovables rose 24.4% to 15,052 million kWh over the past twelve months (14,566 million kWh wind power output, 477 million kWh mini hydro, and 9 million kWh other technologies).

In its wind power segment, 6,346 million kWh of the Company’s output, or 42,1% of the total, is generated in Spain; 5,735 million kWh is produced in the United States; 1,272 million kWh in the UK; and 1,213 million kWh in the Rest of the World. Of the total, 96.8% of the energy generated by the Company worldwide is wind power.

LEGAL NOTICE

DISCLAIMER

This document has been prepared by IBERDROLA RENOVABLES, S.A. (the “Company”) in relation with third quarter 2009 capacity and production results.

The information and any statements made in this document have not been verified by independent third parties; therefore no express or implied warranty is made as to the impartiality, accuracy, completeness or correctness of the information or the opinions expressed herein.

Neither the Company nor any of its advisors or representatives assume liability of any kind, whether for negligence or any other reason, for any damage or loss arising from any use of this document or its contents.

Neither this document nor any part of it constitutes a contract, nor may it be used for incorporation into or construction of any contract or agreement.

IMPORTANT IMFORMATION

This document does not constitute an offer or invitation to purchase or subscribe shares, in accordance with the provisions of the Spanish Securities Market Law (Law 24/1988, as amended and restated from time to time), Royal Decree Law 5/2005 and/or Royal Decree 1310/2005 and its implementing regulations.

This document does not constitute an offer of purchase, sale or exchange, nor a request for an offer of purchase, sale or exchange of securities, nor a request for any vote or approval in any other jurisdiction.

Particularly, this communication does not constitute an offer of purchase, sale or exchange, nor a request for an offer of purchase, sale or exchange of securities in the United States of America. The shares of IBERDROLA RENOVABLES, S.A. may not be offered or sold in the United States of America except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exemption from registration.

FORWARD-LOOKING STATEMENTS

This communication contains forward-looking information and statements about IBERDROLA RENOVABLES, S.A. and otherwise, including financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, capital expenditures, synergies, products and services, and statements regarding future performance. Forward-looking statements are statements that are not historical facts and are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates” and similar expressions. 

Although IBERDROLA RENOVABLES, S.A. believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of IBERDROLA RENOVABLES, S.A. shares are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of IBERDROLA RENOVABLES, S.A., that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, among others, those discussed or identified in the public documents sent by IBERDROLA RENOVABLES, S.A. to the Comisión Nacional del Mercado de Valores, which are accessible to the public.

Forward-looking statements are not guarantees of future performance and they have not been reviewed by the auditors of IBERDROLA RENOVABLES, S.A. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date they were made. All oral or written forward-looking statements attributable to IBERDROLA RENOVABLES, S.A. or any of its members, directors, officers, employees or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. All forward-looking statements included herein are based on information available to IBERDROLA RENOVABLES, S.A. on the date hereof. Except as required by applicable law, IBERDROLA RENOVABLES, S.A. does not undertake any obligation to publicly update or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise.

Source: Iberdrola