Iberdrola Obtains Approval to Develop World's Largest Onshore Wind Power Project in Romania, an Industrial Info News

GALWAY, IRELAND, Apr 22 (MARKET WIRE) --
Researched by Industrial Info Resources (Sugar Land, Texas) -- Spanish
energy company Iberdrola SA (PINKSHEETS:IBDRY) (Bilbao, Spain) has
secured approval from Romanian grid operator CNTEE Transelectrica SA
(BSE:TEL) (Bucharest, Romania) to set up the world's largest onshore wind
power project on the coast of the Black Sea at Dobrogea in southeast
Romania. The 1,500-megawatt Dubruja project will require an estimated
investment of more than 1.5 billion euros ($2 billion) and is slated for
completion in 2017. Global wind energy leader Iberdrola Renovables SA
(PINKSHEETS:IRVDY) (Madrid, Spain), part of Iberdrola SA, will implement
the Dubruja project. With the completion of the new project, Iberdrola's
lead over second-ranked wind power producer FPL Group Incorporated
(NYSE:FPL) (Juno Beach, Florida) is set to become even greater.

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