Iberdrola signs power purchase agreement for US wind farm
Spanish power giant Iberdrola said Thursday it has signed a long-term agreement with two utilities to purchase the majority of the electricity that will be produced at wind farm it is building in Iowa in the United States.
Under the agreement, the company will sell the output of 75 of the New Harvest wind farm's 100 megawatts (MW) over the next 20 years to US firms Commonwealth Edison and Ameren Illinois, Iberdrola said in a statement.
"The company has agreements of this kind for 80 percent of its US wind farms and expects to end 2010 with installed capacity of some 4,590 MW in the country," it said.
Iberdrola, the world's biggest wind-power generator, estimates the wind farm in Iowa will be able to provide electricity to more than 35,000 homes.
The company said it has signed long-term power purchase agreements in the United States for over 700 MW, more than any other company has secured, and is currently considering opportunities for up to a further 1,000 MW.
It is the number two wind power operator in the United States, where it has operations in 23 states and employs around 800 people.
© 2010 AFP