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Iberdrola Firms Up Solar Plans; Inks Supply Deal With SunPower — UPDATE

UPDATE — 10.25.10: An Iberdrola Renewables spokesman tells G.E.R. that it will use balance sheet financing to support the construction of� 50-megawatt� of solar projects in Colorado and Arizona.� The two projects are expected to cost roughly $60 million to construct.�

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TVA Signs Contract With Iberdrola for 300 MW of Wind Power

Iberdrola Renewables, the U.S. subsidiary of the renewable energy unit of the Spanish power company, has inked a power purchase agreement with the�Tennessee Valley Authority (TVA) for 300 megawatts�of wind-generated�power.

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Morgan Solar Increases Series A Funding to $8.2M

We’ve been following Morgan Solar, which has developed a novel concentrating photovoltaic module, for a while. Until last fall, friends and family largely backed the startup, launched by a University of Toronto graduate. Then, in October, the company raised $4.7 million in an inaugural round of funding backed by a string of blue-chip investors, including…

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Iberdrola Completes Rugby Wind Farm

Iberdrola Renewables, the U.S. subsidiary of the renewable energy unit of the Spanish power company, has completed construction of the 149 megawatt, $300 million Rugby Wind Power Project located in Pierce County, near the town of Rugby, N.D. Iberdrola will sell 40 megawatts of the plant’s 149 megawatts capacity to Missouri River Energy Services (MRES),…

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PG&E Buys 246 MW Wind Project in Southern California

San Francisco utility Pacific Gas and Electricity (PG&E)�has acquired a $900 million, 246-megawatt wind project in Southern California from Iberdrola Renewables, the U.S. unit of the Spanish renewable energy company. This is PG&E�s first direct investment in wind generation. The deal was announced Thursday. In the U.S. direct investments by utilities in renewable energy projects…

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