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Iberdrola to acquire 3 wind farms in Spain from Siemens Gamesa

Iberdrola SA has relaunched its clean energy investment plan in Spain with a deal to acquire three wind farm developments, totaling 117.8 MW, from Siemens Gamesa Renewable Energy SA. Financial terms of the deal were not disclosed.

Two of the projects, the Ballestas and Casetona wind farms, have just started operating in the municipalities of Castrojeriz and Vallejera in Burgos. The projects have a combined installed capacity of 69.3 MW, according to an Oct. 23 news release.

The third project, the 48.5-MW Puylobo wind farm, is expected to provide clean energy to 20,000 homes per year. Work on the project is expected to start in the coming weeks.

Iberdrola aims to install 3,000 MW of renewable capacity by 2022 and 10,000 MW by 2030 in Spain. The company plans to invest €8 billion between 2018 and 2022 in the country.