The implications for the wind sector are significant. Iberdrola is slowing its investment in wind power to a total of €2.6bn — 1.45GW —between 2012 and 2014, compared with €1.9bn a year in 2009-11, when it added more than 1GW annually.
A ruthless approach is being taken to the existing portfolio, aimed at leveraging the group’s presence in “core countries” — places that are perceived as having political and regulatory stability, and growth potential.
The
