The company's net profit declined by 3% to €360m ($494m), but earnings before interest and tax increased 9.8% to €1.46bn. Iberdrola says that without a negative impact from derivatives linked to the gas market, net profit rose by 6.8%.
Iberdrola to put the brake on US growth
Spanish giant Iberdrola Renovables says it will slow the pace of growth in its wind farm capacity in 2011. Iberdrola Renovables says the slowdown will come mainly in the US, where a gas glut and lack of progress on a federal renewable portfolio standard have restricted opportunities to sign power-purchase agreements (PPAs).
24 February 2011 23:00 GMT
Updated
25 November 2012 15:21 GMT
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