MVV in Spanish hands

Iberdrola SA did not say how much it paid for the Polish firm. MVV is developing eight wind-power projects with a total generation capacity of 161 megawatts.

The Polish acquisition comes after an agreement signed earlier this year with Eternegy to buy around 200 megawatts of projected wind-farm capacity in Germany and France. Last year, Iberdrola led the utilities sector worldwide in wind-power installed capacity. (Reuters)