Iberdrola
today
announced
plans
to
slow
down
its
investments
in
renewable
energy
as
it
seeks
to
shore-up
its
balance
sheet,
and
concentrate
on
several
key
markets.
During
the
2012-2014
period,
Iberdrola
will
invest
a
total
of
€2.6bn
($3.35bn)
in
renewables,
compared
to
€1.9bn
annually
between
2009
and
2011.
This
will
consist
of
€1bn
in
2012,
€800m
in
2013
and
€800m
in
2014.
Of
this
€1.5bn
will
be
spent
on
onshore
wind,
€1bn
on
offshore
wind,
and
€100m
in
asset
improvements
and
other
areas.
Geographically,
Iberdrola
says
its
two
main
expansion
focus
areas
are
“sustained
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