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Spain’s Iberdrola buys U.S. wind power firm CPV

Submitted by khalifa saber on Wednesday, 11 April 2007No Comment

MADRID, April 11 (Reuters) – Spanish energy company Iberdrola said on Wednesday it had bought U.S. wind power firm CPV Wind Ventures and would invest 1.5 billion euros ($2 billion) in the company.

The Maryland-based company plans to start building 3,500 MW of wind power next year across 15 U.S. states, Iberdrola said in a statement.

Iberdrola did not disclose financial terms of the deal.

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