Iberdrola Renovables Energía has awarded contracts for the maintenance of a number of wind turbines in the Iberian Peninsula with a total capacity of 4,425GW.

The contracts have a combined value of €110m and are valid for a period of two to three years. All of the facilities are operated using Gamesa G4X, G5X and G6X wind technology.

Iberdrola will receive basic maintenance for a two-year period and risk service for three years. The contracts will also cover preventive and small corrective maintenance, consumables, spare parts and predictive maintenance of oil use.

“Bids were selected by Iberdrola in accordance with strict criteria based on safety, technical expertise and commercial competitiveness.”

Under the contracts, preventative, predictive and corrective maintenance will be undertaken by Vestas and Siemens Gamesa consecutively at windfarms in Spain and Portugal.

Other companies contracted include Ingeteam, Tamoin, IM Future and Efacec.

Bids were selected by Iberdrola in accordance with strict criteria based on safety, technical expertise and commercial competitiveness.

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Iberdrola has an installed capacity of 5.507GW in Spain and 92MW in Portugal.

Last month, the company signed agreements for the extension of two multicurrency syndicated loans for €5.3bn with representatives from 24 financial institutions.

The move will enable the company to adopt liquidity to its €25bn investment plan for the 2016-2020 period.