Acciona Acquires 1300 MW of Wind Development Assets in Midwest

Acciona acquired exclusive rights to develop 1300 megawatts (MW) worth of wind assets in the states of Illinois, Iowa and Wisconsin. The development will take place through an acquisition of projects from EcoEnergy, LLC. Financial terms of the deal were not disclosed.

Acciona, which expects to install approximately 150 MW or more in 2008 from this pipeline, will be supplying its own wind turbines for each of these development projects from its new U.S. production facility in Iowa. Some of EcoEnergy’s near-term development assets are in Stephenson County, Illinois, and Northeastern Wisconsin.

“We feel this is an excellent time to integrate the latest in wind energy technology with the need for new local career opportunities in this fast-growing new industry,” said Shawn Gaffney, President, EcoEnergy, LLC.

Upon the completion of Acciona’s first wind turbine manufacturing plant in Iowa, scheduled for 2007, the plant will supply turbines for Acciona wind farms throughout North America and will use Acciona’s proprietary technology to produce its AWP 1.5-77 and AWP 1.5-82 models. The West Branch facility will be Acciona’s fourth wind turbine assembly plant; two currently operate in Spain and one in China.

Globally, Acciona has implemented 4,653 MW of wind power, representing approximately 6% of the world total in wind power installations.

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