IBERDROLA RENOVABLES is the top wind energy company in the world by installed capacity, output and project portfolio, thanks to a rigorous management model, which is primarily based on three cornerstones: foresight, performance, and a workforce that is young, professional and deeply committed.

The Company’s aim since inception, of becoming a long-term industrial business, has also led it to develop a strategy based on sustained growth, operational efficiency and financial soundness.

2010-2012 Forecasts

IBERDROLA RENOVABLES plans to invest €9 billion over the 2010-2012 period to bolster its position as the global leader in wind power(*)(*) See explanation and drive international expansion, focusing on more profitable markets.

The company’s growth in this three-year period will come mainly from the US, where it will invest €4.9 billion, 55% of its total investment. It will invest €1.9 billion in the UK (21%), Spain will receive €1 billion (11%) and it has earmarked €1.2 billion (13%) for the rest of the world.

The goal is to accumulate more than 16,000 megawatts (MW) in installed capacity by 2012. IBERDROLA RENOVABLES also projects operating earnings to rise by 15%-20% per year in the period.