April 29, 2008

Madrid, Spain: IBERDROLA Ingeniería to Build PV System Near Seville

IBERDROLA Ingeniería has won a €15 million contract to build a 2.3 MW solar photovoltaic energy plant in Écija, in the Spanish province of Seville. The facility, taking up a 10-hectare site, is planned to enter service this summer.

The project was put to tender by the Marín Group, and IBERDROLA's plant engineering unit won the bidding with an ultra-modern proposal. The plant will consist of 25 photovoltaic panels mounted on fixed structures using cadmium telluride along with amorphous and microcrystalline silicon, in addition to polycrystalline silicon modules.

The new contract further strengthens the outstanding position of IBERDROLA Ingeniería in the clean energy field. Last year it won contracts from non-IBERDOLA clients worth a total of some €223.5 million.

This business area, along with electricity grids and conventional power stations, is a pillar of the firm's 2008-2010 growth strategy. Last year the unit won four contracts to build photovoltaic plants in Spain: a 10 MW facility in Soria, two in Cáceres of 10 MW and 20 MW, respectively, and a 4 MW installation in Toledo. All are scheduled to come on stream this year.

The Écija project also marks new progress in the company's efforts to increase its revenues from clients outside its parent IBERDROLA utility group. By 2010 it expects to derive some 76% of its sales income from outside clients, which would more than double the proportion recorded in 2006.

Further details about: IBERDROLA Ingeniería