Iberdrola is going to make a major move into WIND POWER for USA by merging AES with the Spanish Power Wind Company………..
The Spanish company first announced plans to buy Energy East in June last year. The purchase is part of Iberdrola’s larger plan to expand its presence in the U.S. market.

In fact, after the Energy East deal is complete, Iberdrola will have $20 billion worth of assets in the country, the company said. Energy East shareholders, as well as other states in which Energy East operates, already had approved the acquisition before New York regulators voted last week.

In May, the company said it would invest $8 billion in renewable energy in the United States from 2008 to 2010, doubling its wind-energy capacity.

By the end of the first quarter of 2008, Iberdrola’s U.S. wind farms totaled a capacity of 2.4 gigawatts. The company said it planned to increase the capacity to 3.6 gigawatts by the end of this year.