skip to main content
|

Financial News

Tuesday March 25, 07:57 PM
Wind power breaks records in Spain

Photo
MADRID (AFP) - Wind power is breaking new records in Spain, accounting for just over 40 percent of all electricity consumed during a brief period last weekend, the country's wind power association said Tuesday.

As heavy winds lashed Spain on Saturday evening wind parks generated 9,862 megawatts of power which translated to 40.8 percent of total consumption due to low demand during the Easter holiday weekend, AEE (Dusseldorf: AEE.DU - news) said.

Between Friday and Sunday wind power accounted for an average of 28 percent of all electricity demand in Spain, which is a leading world producer of such energy, a statement from the association said.

The record for power generated by Spain's wind parks was set on March 4 at 10,032 megawatts, but as it was a regular working day this accounted for less percentage demand.

Spain's wind power generation equalled that of hydropower for the first time in 2007.

In July the government approved legislation that will allow offshore wind parks to be set up along the nation's vast coastline in an effort to boost the use of renewable energy sources.

While more expensive than land-based wind farms, offshore wind parks can take advantage of stronger, steadier coastal breezes.

Spain, which along with Germany and Denmark, is among the three biggest producers of wind power in the 27-nation European Union, is aiming to triple the amount of energy it derives from renewable sources by 2020.

Send Article by Email  |  Send Article by IM  |  Blog This with Y! 360  |  Printable View

Full Coverage : Business News for Mobile
  Previous article : Reuters shareholders back takeover by Thomson ( )
  Next article : JPMorgan hikes offer for investment bank Bear Stearns ( )
Full Coverage : Headline News
Yahoo! Finance : Yahoo! Finance - Electricity Sector
  Previous article : French contemplate bid for leading UK nuclear utility ( )
  Next article : Iberdrola rises on report of possible EDF takeover bid ( )

AFP logo

AEE AG
AEE.DU
2.67
-36.43%
FTSE 100  Gainers  Losers
FTSE 250 Quotes by Sector
Dow Jones  Nasdaq  S&P 500
DAX 30   Eurostoxx 50
 
Message Boards
Property Pensions
Savings Utilities
UK Stocks Investments
Speach bubble "As cheap as chips"...?
Speach bubble What Desk Does Gold Trade At???
Speach bubble There is a bottom price for everything!
Speach bubble new v old
Speach bubble ARE WE IN FOR A 75% DROP IN PROPERTY PRICES???


Archives of

Copyright © 2008 AFP AFP. All rights reserved.