IBERDROLA RENOVABLES, the world’s leading wind energy company(*), produced 7,636 million kilowatt hours (kWh) at its worldwide facilities in the first quarter of 2011, an increase of 12.1% on the same period last year.

Of this output, 7,415 million kWh were from the Company's wind farms operating in 12 countries, 211 million kWh from its Spanish small-scale hydroelectric plants and 9 million kWh from other power generation sources, including biomass.

Wind energy continued to form the core of IBERDROLA RENOVABLES’ business in the first quarter, accounting for 97.1% of output.

By geographical area, the main boost came in the United States, where the Company set an output record of 3.09 billion kWh, a 47.9% increase on the same period a year earlier. The US accounted for more than 40% of total output at IBERDROLA RENOVABLES between January and March 2011.

The Company produced a total of 453 million kWh in the UK, a 23% increase on the first quarter of 2010, and 663 million kWh at its wind farms in the RoW area (Europe, excluding Spain and UK, and South America), an 8.7% increase. Output in Spain totalled 3.43 billion kWh, down 8.4%. 

Strengthening its position as world leader by installed capacity 

After adding 1,540 MW in the last 12 months, the Company now has an installed capacity of 12,834 MW, strengthening its position as world leader in the renewables sector. A key feature is the international nature of the Company's assets, with close to 55% of its operating capacity now located outside Spain.

The United States is the market where most installed capacity has come on stream in the last year, with an additional 900 MW bringing total installed capacity in the country to 4,727 MW. This is the Company’s largest increase in installed capacity in any market outside Spain in a single year.

In Spain, IBERDROLA RENOVABLES installed 275 MW in the last 12 months, taking its total capacity there to 5,840 MW. During the first quarter, the Company completed and started up the largest facility in continental Europe: the El Andévalo wind farm in Huelva, with an installed capacity of 292 MW.

Wind capacity in Spain now stands at 5,447 MW. The Company also has 341 MW of small-scale hydroelectric capacity, 50 MW at its solar thermal electric plant in Puertollano (Ciudad Real), and 2 MW at its first forest biomass power plant in Corduente (Guadalajara).

By region, the largest share of installed capacity is in Castilla-La Mancha (1,981 MW), followed by Castilla-y-León (1,370 MW), Andalusia (851 MW), Galicia (627 MW), Aragon (278 MW), La Rioja (248 MW), the Basque Country (153 MW), Murcia (146 MW), Valencia (56 MW), Catalonia (50 MW), Navarre (44 MW), Cantabria (30 MW), Extremadura (5 MW) and Madrid (1 MW).

IBERDROLA RENOVABLES’ capacity in the Rest of the World area stands at 1,288 MW: 293 MW in France, 257 MW in Greece, 161 MW in Poland, 158 MW in Hungary, 116 MW in Mexico; 99 MW in Italy; 92 MW in Portugal; 63 MW in Germany and 49 MW in Brazil.

LEGAL NOTICE:  

DISCLAIMER 

This document has been prepared by Iberdrola Renovables, S.A. exclusively for its use regarding the publication of capacity and production data at the close of the first quarter of the 2011 financial year. 

The information and all statements contained in this press release have not been verified by independent third parties; therefore no express or implied warranty is made as to the impartiality, accuracy, completeness or correctness of the information or the opinions and statements expressed herein.  

Neither Iberdrola Renovables, S.A., its subsidiaries or any entity within Iberdrola Group or subsidiaries, or any company participated by Iberdrola Renovables, S.A., assume liability of any kind, whether for negligence or any other reason, for any damage or loss arising from any use of this press release or its contents. 

Neither this press release nor any part of it constitutes a contract, nor may it be used for incorporation into or construction of any contract or agreement.  

IMPORTANT INFORMATION  

This press release does not constitute an offer or invitation to purchase or subscribe shares, in accordance with the provisions of the Spanish Securities Market Act (Act 24/1988, of 28 July), Royal Decree Act 5/2005, of 11 March, and/or Royal Decree 1310/2005, of 4 November, and its implementing regulations.  

Particularly, this press release does not constitute an offer to purchase, sell or exchange or the solicitation of an offer to purchase, sell or exchange any securities in the United States of America. The shares of Iberdrola Renovables, S.A. may not be offered or sold in the United States of America except pursuant to an effective registration statement under the Securities Act or pursuant to a valid exemption from registration.  

FORWARD-LOOKING STATEMENTS  

This press release contains forward-looking information and statements about Iberdrola Renovables, S.A. These forward looking statements relate to financial projections and estimates and their underlying assumptions, statements regarding plans, targets and expectations with respect to future operations, capital expenditures, synergies, products and services, and statements regarding future performance. Forward-looking statements are statements that are not historical facts and are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates” and similar expressions.  

Although Iberdrola Renovables, S.A. believes that the expectations reflected in such forward-looking statements are reasonable, investors and shareholders in Iberdrola Renovables, S.A. are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Iberdrola Renovables, S.A., that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward looking information and statements. These risks and uncertainties include those discussed or identified in the public documents sent by Iberdrola Renovables, S.A. to the Comisión Nacional del Mercado de Valores (the Spanish securities regulator, or the CNMV in its Spanish initials).  

The forward-looking statements are no guarantee whatsoever of future results and have not been reviewed bythe auditors of Iberdrola Renovables, S.A. You are cautioned not to place undue reliance on the forward looking statements, which speak only as of the date they were made. All oral or written forward-looking statements attributable to Iberdrola Renovables, S.A. or any of its board members, directors, officers, employees or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. All forward-looking statements included herein are based on information available on the date hereof. Except as required by applicable law, Iberdrola, S.A. does not undertake any obligation to publicly update or revise any forward-looking statements, even in the event of new information being published or new events occurring.