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    IBE   ES0144580Y14

IBERDROLA, S.A.

(IBE)
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Iberdrola S A : ScottishPower completes onshore wind farm project

07/27/2021 | 06:30am EDT

LONDON (Reuters) - Gas and electricity company ScottishPower Renewables has completed construction of an onshore 30 megawatt (MW) wind farm in Halsary in northern Scotland, the firm announced on its website on Tuesday.

Iberdrola-owned ScottishPower said the 15 turbine Halsary wind farm in Caithness was generating enough clean energy for the equivalent of almost 20,000 homes.

The project was formed in partnership with Tesco, Britain's biggest retailer, and was built specifically to support the green energy needs of the supermarket giant, ScottishPower said.

"Onshore wind is the cheapest form of generating electricity in the UK, so it's the ideal way for businesses to purchase clean energy and go green," said Lindsay McQuade, CEO of ScottishPower.

The project was developed as part of a Power Purchase Agreement (PPA), the firm said, making it the first ScottishPower wind farm to be built without a government support scheme.

(Reporting by Bozorgmehr Sharafedin; Editing by Kirsten Donovan)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
IBERDROLA, S.A. 0.50% 9.3 Delayed Quote.-20.51%
TESCO PLC -0.82% 259.55 Delayed Quote.13.07%
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Financials
Sales 2021 37 168 M 43 656 M 43 656 M
Net income 2021 3 614 M 4 245 M 4 245 M
Net Debt 2021 44 469 M 52 231 M 52 231 M
P/E ratio 2021 16,6x
Yield 2021 4,69%
Capitalization 57 430 M 67 399 M 67 455 M
EV / Sales 2021 2,74x
EV / Sales 2022 2,64x
Nbr of Employees 38 006
Free-Float 95,5%
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Number of Analysts 25
Last Close Price 9,30 €
Average target price 11,71 €
Spread / Average Target 25,9%
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JosÚ Ignacio Sßnchez Galßn Chairman, President & Chief Executive Officer
JosÚ Sßinz Armada Chief Financial & Resources Officer
Fernando Lucero Batalla Head-Information Technology & Finance
Maria Dolores Herrera Pereda Compliance Director
Juan Carlos Rebollo Liceaga Group Director-Administration & Control
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