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30/04/2009
IBERDROLA WINS £600 MILLION CONTRACT TO SUPPLY RENEWABLE ENERGY TO SCOTTISH GOVERNMENT

The contract was won by IBERDROLA unit ScottishPower

  • The contract, the biggest of this type signed so far in Scotland, is for four years and involves supplying electricity, mostly from wind power, to large public sector buildings.

IBERDROLA, through its ScottishPower subsidiary, has won a £600 million (about €665 million) contract from the Scottish government to supply electricity derived from renewable energy sources to all of the country's large public buildings, as well as other installations.

The contract was awarded by the public agency Procurement Scotland and will remain in force for four years. It is the biggest contract of this nature signed so far in Scotland.

IBERDROLA's UK unit has won three of the four contracts awarded in Procurement Scotland’s tendering process, which got under way in September of last year. Six major power companies have taken part in the process.

The contract requires ScottishPower to supply electricity to schools, universities, hospitals and prisons, as well as large public sector buildings. The IBERDROLA unit will also be responsible for supplying street lighting.

Willie MacDiarmid, Director of Energy Retail at ScottishPower, said: “We are delighted to have won the right to supply the vast majority of the public sector’s power requirements in Scotland”.. The opportunity to supply green energy to our country’s large public buildings, from the Scottish Parliament and Edinburgh Castle to all schools and hospitals, is a major achievement.

ScottishPower Renewables, a subsidiary of IBERDROLA RENOVABLES, is the UK’s biggest developer and generator of on-shore wind energy, with installed capacity at the end of the first quarter of 704 MW, enough to supply most of the electricity required in the above contracts.

ScottishPower Renewables is currently completing the construction of Europe’s largest wind farm, Whitelee, near Glasgow. The 140 turbine project with installed capacity of 322 MW will produce much of the power to be supplied in the recently-awarded government contracts.

 

IMPORTANT INFORMATION

This communication does not constitute an offer of purchase, sale or exchange or a request for an offer of purchase, sale or exchange of values. The shares of Iberdrola S.A. cannot be offered or sold in the United States, except if this is carried out through a declaration of effective notification of what is laid out in the Securities Act or under the protection of a valid exemption of the need for notification.

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