Local County Vote Paves Way for Iberdrola Renewables to Begin Construction at Baffin Wind Farm in Texas

The project would increase capacity at Gulf Coast complex to 606 MW

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October 21, 2013

PORTLAND, Ore. — Iberdrola Renewables is preparing to begin construction of its 202 megawatt Baffin Wind Farm in Kenedy County, Texas. Baffin becomes the company’s third wind power project in the complex, south of Baffin Bay, following the Peñascal I and Peñascal II projects. At 606 MW, the combined complex will serve as Iberdrola’s largest renewable energy facility in the world. The project expects to begin construction during the fourth quarter of 2013 and reach commercial operation by the end of 2014.

The wind farm represents a potential $300 million investment, and moved forward this week thanks to the Kenedy County Commissioners’ decision to approve a tax abatement agreement for the project, which includes a fixed annual payment to the county over the ten year term of the abatement.

“Working with Kenedy County and the landowner on an additional expansion of the Peñascal complex exemplifies the partnership we strive for within each of the communities we serve,” said Jason Du Terroil, business developer for Iberdrola Renewables. “Investing here makes sense for many reasons, but the success we’ve had here together with our partners helps us continue leading the transformation to a competitive, clean energy future.”

In addition to providing a local source of clean energy, Baffin creates significant local economic benefits through the taxes it would pay and jobs created during construction and operation of the project. Baffin should create up to 240 construction jobs and eight permanent positions. Because wind energy is a permanent, non-depleting energy source, the project would provide a stable, long-term source of local tax revenue.

Iberdrola Renewables expects to install 101 Gamesa G97 wind turbines, each with a rated capacity of 2 MW. The existing two phases of Peñascal together total 168 turbines and 403.2 MW.

Iberdrola Renewables, LLC is the U.S. renewable energy division of parent company IBERDROLA, S.A., an energy pioneer with the largest renewable asset base of any company in the world. Iberdrola Renewables, LLC is headquartered in Portland, Ore., and has more than $10 billion of operating assets totaling more than 5,800 MW of wind and solar generation. www.iberdrolarenewables.us

Media Contacts:

Art Sasse, 503-796-7740, 503-475-0330

Paul Copleman, 207-641-2805, 215-416-9656