Iberdrola Renewables Seeks to Build New Wind Farm in New Hampshire

  Iberdrola Renewables Seeks to Build New Wind Farm in New Hampshire

Submits state application for 23 towers after four years of research and local
outreach

Business Wire

PORTLAND, Ore. -- December 16, 2013

Iberdrola Renewables formally submitted an application to the New Hampshire
Site Evaluation Committee (SEC) to build a new wind farm in Danbury and
Alexandria. After considerable input from the local communities and
consultation with state agencies, the project’s proposed configuration has
undergone significant changes. If approved, the Wild Meadows Wind Farm would
become the company’s third wind power project in the state, following wind
farms in Lempster and Groton that went on-line in 2008 and 2012 respectively.

The proposed project would feature 23 modern wind turbines, 15 in Danbury and
eight in Alexandria, and is projected to produce enough clean energy to power
approximately 30,000 average homes each year and 90,000 homes at peak
production.

Iberdrola Renewables has been studying and evaluating the project since 2009,
conducting a wide variety of wildlife, environmental, and technical studies,
in consultation with New Hampshire state agencies and local experts. The
proposed 75.9 megawatt (MW) wind farm would bring a new source of clean
emission-free energy to the region, in addition to many economic benefits.

"Tax benefits for residents and increased yield-per-acre for loggerswill be a
huge help to those of us who have farmed or logged our land for generations,”
said Fred Platts, a farmer and resident of Alexandria. “This is about
protecting the small towns of the Lakes Region and preserving our rural way of
life."

Estimated economic impacts include first year payments of $695,000 to the Town
of Danbury, $370,000 to the Town of Alexandria, up to $565,000 for New
Hampshire’s general revenue fund and $280,000 to the local landowners. Ongoing
annual payments to the towns would start at approximately $545,000 to Danbury
and $325,000 to Alexandria, with 2.5% annual increases.

Besides these significant additions to the local tax base, the Project will
provide substantial economic benefits to New Hampshire during the construction
and operations phases.

The economic impacts would carry on through construction and the operation of
the project. According to a study by the University of New Hampshire, the
construction phase would create the full time equivalent of 404 jobs (direct
and secondary jobs), resulting in $21.77 million in earnings and $42.35
million in increased economic activity. During the operations phase, the
project would create 13 full time equivalent jobs (direct and secondary),
$770,000 in annual income and $2.31 million of increased economic activity
each and every year for the life of the project.

“Some of New Hampshire's wildlife, like moose, are in serious decline thanks
to ourshorter winters as the climate warms,” said retired New Hampshire
wildlife biologist Eric Orff. “To conserve our rich biological heritage in New
Hampshire, we must transition to well-sited clean energy sources like wind,
and quickly.”

The comprehensive SEC review process is expected to last approximately one
year.

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

Contact:

Iberdrola Renewables, LLC
Art Sasse, 503-796-7740, 503-475-0330, art.sasse@iberdrolaren.com
Paul Copleman, 207-641-2805, 215-416-9656, pcopleman@iberdrolaren.com
Ed Cherian, 603-440-3127, echerian@iberdrolaren.com
 
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