Iberdrola Denies Cutting U.K. Windfarm Investment, an Industrial Info News Alert
GALWAY, IRELAND–(Marketwire – March 31, 2009) – Researched by Industrial Info Resources (Sugar Land, Texas) — Iberdrola Renovables SA (MCE:IBE) (Bilbao, Spain), one of the world’s largest wind-power generators, has denied media reports that the company plans to cut investment in U.K. wind power projects by up to 40%. The Times newspaper reported that the cut would amount to a loss of more than $425 million and could seriously harm the U.K.’s efforts to become a world leader in renewable energy.
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