Press Releases
Iberdrola Renovables Increases Production By 20% In The First Quarter
15 April 2009
The company’s installed capacity reaches 9,624 MW
IBERDROLA RENOVABLES INCREASES PRODUCTION BY 20% IN THE FIRST QUARTER
- The company installed 323 MW in the period and consolidated its position as world leader in the wind power industry
- The strongest growth was achieved in the US with 155 MW installed in the first three months of the year, reaching a total of 3,031 MW
IBERDROLA RENOVABLES increased its power production by 20% in the first quarter (year-on-year growth) to 5,398 million kilowatts hour (kWh).
Wind power, at 5,226 million kWh, accounted for 96.8% of all electricity produced in the first three months of 2009. By market, the Spanish wind farms accounted for 2,597 million kWh (48.1% of the total), US facilities, 1,731 million kWh (32.1%), farms in the UK for 466 million kWh (8.6%) with the remaining 431 million kWh produced elsewhere (RoW 8%).
The mini-hydro power stations meanwhile generated 172 million kWh of power in the first quarter, representing 3.2% of overall electricity produced by the company during the period.
IBERDROLA RENOVABLES had installed capacity of 9,624 MW at the end of the first quarter, 27.3% higher than a year earlier. Of this figure, 9,282 MW corresponds to wind farms, with mini-hydro facilities accounting for 342 MW. The company thus bolsters its position as world leader in the wind power industry*.
In the January-March period, the company installed 323 MW and made headway towards the objective of further internationalisation and geographical diversity. The highest growth rate was seen in the US, where 155 MW were installed (reaching a total of 3,031 MW) in the Farmer’s City, Penascal 1, Locust Ridge 2 and Dry Lake farms.
The installed capacity in the UK, which currently stands at 704 MW, was increased by 39 MW, installed at Whitelee in Scotland, the largest wind farm in Europe (with a capacity of 269 MW at the end of March).
The remaining 929 MW is mainly located in Europe, with noteworthy capacity in Greece (217 MW), France (219 MW), Poland (160.5 MW), Germany (63 MW), Portugal (92 MW) and lastly, Hungary (50 MW), which joined the list of countries with company wind farms in the first quarter thanks to the new opening in Kisigmand. The company also has 49.3 MW in Brazil and a further 78.2 MW in Mexico.
IBERDROLA RENOVABLE’s installed wind power capacity in Spain stands at 4,959 MW. The production network, which is spread over 13 different autonomous regions, is distributed as follows: 1,929 MW in Castilla-La Mancha; 1,052.3 MW in Castilla-León; 627 MW in Galicia; 466 MW in Andalucía; 278.3 MW in Aragón; 248 MW in La Rioja; 153 MW in the País Vasco; 76 MW in Murcia; 56.4 MW in Valencia; 44 MW in Navarra; 23 MW in Cantabria; 5 MW in Extremadura; and 1 MW in the Autonomous Region of Madrid.
Among the wind farms installed in Spain during the first quarter, it is worth highlighting Altamira, Cerro de la Higuera and Cortijo de la Linera in Andalucía, and Bullana and Radona 1 and 2 in Castilla - León. In Galicia, the installation of the Vieiro farm was concluded.
* Source: New Energy Finance
LEGAL NOTICE
DISCLAIMER
This document has been prepared by IBERDROLA RENOVABLES, S.A. (the “Company”) in relation with the announcement of the capacity and production results of the complete 2008 fiscal year.
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 INFORMATION
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 report does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act.
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. Prior results cannot be used as indicators of future performance.
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.
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 subsequent 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.
