EBITDA grew by 11.8% to €1.325bn, compared to €1.185bn in 2008. However, net profits were down slightly by 4.9% at €371m, compared to €390m in 2008, because of lower average prices for electricity in Spain.
Iberdrola Renovables chairman Ignacio Galán says higher revenues were mainly due to strong growth in the US wind market, as well as the start up of the giant Whitelee onshore wind farm in Scotland.
He
