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Spain's Renovables buys GE wind turbines

Fri May 9, 2008 3:05am EDT

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MADRID, May 9 (Reuters) - Spanish renewable energy company Iberdrola Renovables (IBR.MC) said on Friday it had ordered 200 1.5 megawatt wind turbines from General Electric Co. (GE.N), worth around 430 million euros ($659 million).

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The turbines will be delivered in 2010 in the United States and form part of company measures aimed to boost installed wind power capacity to 13,600 MW by 2010, investing 8.6 billion euros over the 2008-2010 period.

Renovables is 80 percent owned by Spain's largest power company Iberdrola (IBE.MC). (Reporting by Joe Ortiz; Editing by Sonya Dowsett)

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