- Iberdrola is to some extent pinning its hopes on growth in North America, where regulated rates on renewable power assets offer long-term visibility and steadier returns than the company has found in Europe.
- Iberdrola has completed the construction of a giant 304-MW wind farm in Blue Creek, Ohio.
- The company said it has already signed a long-term power-purchase agreement (PPA) for the Ohio project to sell 100MW of electricity over the next 20 years.
- In addition, Iberdrola has also started work on the 189-MW Manzana wind power project in California.
- The plant consists of 152 Gamesa 2MW G90 turbines. In February Iberdrola signed a 20-year power purchase agreement (PPA) for 100MW of the wind farm’s output with FirstEnergy Solutions, a subsidiary of US utility giant FirstEnergy.
- Iberdrola has also started work on the 189MW Manzana wind farm in California. It has signed two PPAs for the output from that project. One of these is with San Diego Gas & Electric, which will receive the power generated by 100MW over the next 20 years.
- The second PPA is with the City of Santa Clara’s Silicon Valley Power, which will receive the energy produced by 50MW over the same period.
- Iberdrola says it now has more than 5.2GW of wind power capacity in the US, having added 730MW in 2011 making it the second-largest operator after NextEra Energy Resources.