Iberdrola inks biggest wind deal ever
Move over T. Boone Pickens, the world's most expensive supply contract for wind energy was signed this week by Spanish energy giant Iberdrola Renewables. The €6.3B -- that's $9.7B US -- contract was awarded to Madrid's Gamesa and it includes the overall cost associated with the turbines, transportation, installation, and grid connection. The landmark deal will translate into the installation of 4,500MW worth of wind turbines across the US, Europe, and Mexico over the next few years. The groundbreaking price tag also covers turbine maintenance, which is pretty hefty -- consider that exploding turbine in Denmark. So, that makes it seem a little more reasonable. Compare this 4,500MW deal with Boone Pickens' 4,000MW wind farm in the Texas Panhandle and you kind of get an even better appreciation of how big his wind farm is going to be.
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