Iberdrola Renovables SAU is a Spain-based company primarily engaged in the development, construction, operation and exploitation of power plants that use renewable energy sources, as well as the sale of electric energy. Additionally, the Company is involved in the research and development of such technologies as marine biomass and tidal energy. The Company’s facilities include wind, mini-hydroelectric and thermo-solar energy power stations with operations established in North, Central and South America, Europe, Africa, the Middle East and Asia. As of December 31, 2008, the Company had a total installed capacity of 9,302 megawatts (MW). On June 13, 2008, the Company signed a wind turbine supply agreement with Gamesa Eolica SL. The Company is a subsidiary of Iberdrola SA.