EDP Renováveis will develop new wind farms in Galicia with a 125.7 MW capacity
The new projects will be added to the six wind farms that EDP Renováveis is already operating in the Galician autonomous community. These wind farms, with an installed power of 185.3 MW are in the provinces of A Coruña and Lugo. The company also has 27.6 MW under construction and 68.7 MW in the final processing phase.EDP Renováveis attended the wind energy tender called by the Galician regional government through its affiliate, Neo Energía. This invitation to tender, to which more than 170 projects were presented, is one of the most important ones held in Europe this year to develop wind energy.With this award, the company reinforces its commitment with the development of Galicia, where it has been present for more than ten years. EDP Renováveis has the necessary financial, technological and professional capacity to build and begin the new projects awarded, thus contributing to the benefit of owners, townships and Galician society in general.This award in Galicia means a reinforcement of EDP Renováveis’s position as the third largest wind power company in Spain. There, it is present in eight autonomous communities and it has accumulated an installed power of 1,761 MW.
ABOUT EDP RENOVÁVEIS
EDP Renováveis is the renewable energy company that belongs to Grupo EDP-Energías, Portugal. It is present in six European countries, the United States and Brazil. At the close of the third quarter of 2008, it recorded 4,155 gross MW of installed power. This makes it the fourth largest wind energy operator in the world. It had 1,612 MW under construction and a project portfolio of 29,227 MW.Last year, Grupo EDP acquired American company Horizon Wind Energy, whose wind turbines amounted to 1,733 gross MW of installed wind power at the close of the third quarter of 2008. Headquartered in Houston (Texas), Horizon is the third largest wind power company in North America, and it is present in New York, Oregon, Illinois, Oklahoma, Texas, Kansas, Iowa and Minnesota. The company has a project portfolio under development with more than 18,548 MW in twenty states.At the close of the third quarter of 2008, EDP Renováveis had 2,422 MW of wind energy operating, distributed among its wind parks in Spain (1,761 MW), Portugal (517 MW) and (144 MW), the rest of Europe, which ranks the company as the third largest wind power operator in Europe. In addition to the Iberian Peninsula, EDP Renováveis is present in France, Belgium, Poland and Romania. The company went public in June following an expansion, 22.5% of its capital, which was distributed among institutional investors and minority investors from several countries, and among Grupo EDP employees. Several savings banks and Spanish banks attended the institutional sale.EDP Renováveis has wind farms in Spain in eight autonomous communities: Asturias, Galicia, Aragón, Castilla y León, Castilla-La Mancha, Andalusia, the Canary Islands and Catalonia. EDP Renováveis anticipates almost tripling its installed wind power capacity between 2007 and 2012, attaining 10,500 MW.