E.ON Buys Spanish Wind Farms

German power and gas company E.ON will buy Spanish wind farm operator Energi E2 Renovables Ibéricas from the Danish utility Dong Energy for €722m.

Currently E2-I generates electricity in Spain and Portugal from renewables with a net capacity in operation of 260MW. Modern wind farms account for most of that capacity, with smaller hydropower and biomass plants making up the rest.

E.ON, who says it is committed to climate protection, will invest €3bn in renewable energy by 2010.

Reported by staff writer