Iberdrola files permits for 300 MW North Carolina wind power project

Portland, Ore., January 28, 2011 — Iberdrola Renewables Inc., filed an application with the North Carolina Utilities Commission as the first step toward development of a wind energy project it is considering in Pasquotank and Perquimans counties in the northeastern part of North Carolina.

If built, the Desert Wind Power Project — named for the flat, agricultural region in the area — would be located on nearly 20,000 acres of private land near Elizabeth City.

The company is considering development of a 300 MW project, which is enough to power between 55,000 to 70,000 North Carolina homes with homegrown renewable electricity.

Iberdrola Renewables has been working with the communities, landowners, multiple state and federal agencies, and conducting various studies on the potential project since 2009.

The filing represents the first step of many regulatory reviews that must be completed before Iberdrola Renewables makes a final decision on the project, which could begin construction as early as late 2011.

If developed as proposed, the project is expected to bring economic benefits to the area.

Construction would be expected to create over 400 jobs, payments to local landowners could approach $1 million per year for the life of the project, and additional property tax revenue would result from the Project’s operation.

Additionally, due to the project’s small footprint, less than two percent of the agricultural land would be taken out of corn, soybean and cotton production.

Iberdrola Renewables, Inc. is headquartered in Portland, Ore., with more than 850 employees.

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