Iberdrola Seeking 25-Year Wind Contract With Vermont Utility

(Bloomberg) — Iberdrola SA, Spain’s largest utility, is
seeking to provide electricity to Vermont’s largest utility from
a 30-megawatt wind farm.

The company’s U.S. clean-energy unit submitted the 25-year
contract with Green Mountain Power for approval from the state’s
Public Service Board, according to an e-mailed statement
Thursday from Portland, Oregon-based Iberdrola Renewables.

Iberdrola Renewables is developing the Deerfield wind farm
in southern Vermont. It will produce enough energy for about
14,000 homes.

The board has 90 days to make a decision, Paul Copleman, an
Iberdrola spokesman, said by telephone.

“We’re very confident that this is a good project and it
meets the conditions that the public service board has laid
out,” he said.

To contact the reporter on this story:
Justin Doom in New York at
jdoom1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Jim Efstathiou Jr.

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