Iberdrola purchases French Perfect Wind

Out of the 600 MW that Perfect Wind has in its portfolio in France, 10 MW correspond to a windpark in testing phase and 86 MW correspond to projects in advanced development stages. The agreement includes a clause by which Perfect Wind founders will stay in the company and their colleagues will join Iberdrola Énergies Renouvelables, the Rennes-based French subsidiary of the Spanish utility.

The projects acquired from Perfect Wind will be added on top of Iberdrola's 32 MW, from 4 different windparks, namely La Butte de Fraus (12 MW), Saint Mérec (8 MW), Le Roduel (6.85 MW) and Lérôme (4.85 MW), located in Meneac, Mohon y Kergrist, in the Morbihan Department (Bretagne)

"The acquisition of Perfect Wind is part of Iberdrola's expansion. At the end of the first semester of 2006, Iberdrola had a total renewable energy capacity of 4,004 MW, out of which 308 MW are outside Spain", according to a Press Release. Iberdrola has offices in France, the UK, Italy, Germany, Poland, the US, Greece, Portugal, Mexico and Brazil.

For additional information:
www.iberdrola.es