Power giant doubles renewable capacity

Published Date: 14 February 2009

SCOTTISHPOWER Renewables yesterday hailed a near doubling of its installed generation capacity in 2008 as its Spanish parent revealed profits have tripled.
Boosted by the part construction of the massive Whitelee windfarm near Glasgow, ScottishPower said it now has the capacity to produce 665 megawatts of electricity from renewable sources, enough to power some 370,000 homes.Whitelee is now the largest onshore windfarm in Europe, with 106 turbines, even though a further 34 turbines are still to be constructed, with more potentially added in the future.Meanwhile, Iberdrola Renovables, the world's largest wind power company, said that it made a net profit of 390 million (£349.2m) in 2008, more than three times the 2007 figure, although slightly below market forecasts. The Bilbao-based company's installed capacity more than quadrupled to 9.3 gigawatts.