MADRID -(Dow Jones)- Spanish electricity company Iberdrola SA (IBE.MC) has completed construction of one of the world's largest wind farms in the U.S. state of Ohio, the company said Monday.
The wind farm has an installed capacity of 300 megawatts and includes 152 wind turbines built by Corporacion Tecnologica Gamesa SA (GAM.MC). Iberdrola is Gamesa's biggest shareholder.
Iberdrola said it has already signed a contract for the Ohio project to sell 100 MW of electricity over the next 20 years.
While lower-than-expected production of wind power in Spain contributed to a drop in Iberdrola's 2011 earnings, the company has pledged to continue expanding its wind-power projects in the U.S. and elsewhere, including offshore northern Europe.
Iberdrola, based in Bilbao, northern Spain, is one of the world's biggest wind-power generators.
By Ilan Brat; Dow Jones Newswires; +34 91 395 8125; ilan.brat@wsj.com
(END) Dow Jones Newswires
March 05, 2012 09:24 ET (14:24 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.