“In Romania Iberdrola will have just the 80 MW currently in production. It’s a disinvestment process which is basically finalized,” sources within the company told MEDIAFAX.
The Spanish energy group decided to renounce investments in wind power over financial difficulties caused by the global financial crisis.
“In Europe, the group will only focus on Scotland. Worldwide, it will invest in North and South America,” the sources added.
Three years ago, Iberdrola pulled out from the joint-venture set up to build two more nuclear reactors at Romania’s sole nuclear power plant in Cernavoda.