Iberdrola says it will install just 750MW in 2012, compared to 1.45GW in 2011 and 1.78GW in 2010, due to a slump in investment opportunities in both the US and Spain.
“The renewable sector saw big growth in the 2005-2009 period, but we foresee a consolidation scenario for the 2012-2013 period,” the company says. Iberdrola says that while the earlier period saw big growth in markets like Spain, the US and the UK, with robust incentives and stable regulation, demand and prices have been affected by the economic crisis, while “regulatory definition is necessary beyond 2012 in some important markets.”
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