• It has 14 MW of power and can generate 37 Gwh annually, enough to power 12,000 homes.

Today, President of the Galician Government Alberto Núñez Feijóo and GAS NATURAL FENOSA Chairman Salvador Gabarró opened the Cordal de Montouto wind farm, which was built by the energy company in the towns of Aranga (A Coruña) and Guitiriz (Lugo).

The Cordal de Montouto wind farm has six turbines and installed capacity of 14 megawatts (MW); it will produce around 37 Gwh each year, enough to power some 12,000 homes. GAS NATURAL FENOSA invested more than €14 million in Cordal de Montouto.

Cordal de Montouto is the first wind farm to be put into operation in Spain without incentives for electricity production, following the remuneration framework change that occurred in January 2012. This means that the wind farm sells its energy on the wholesale electricity market (pool) and only receives the set electricity price at any time.

Moreover, Cordal de Montouto was the only wind farm built in Spain in 2014, except an experimental wind farm called Gorona del Viento located on El Hierro island.

In this regulatory context, GAS NATURAL FENOSA has invested in mature wind technology and an efficient project located in one of the best areas in Spain in terms of windpower resources: Galicia.

294 MW of wind power in the Galician pipeline

Gas Natural Fenosa Renovables ended the year with a consolidatable operational installed capacity of 919 MW in Spain, of which 752 MW came from wind technology, 110 MW from mini-hydroelectric production and 57 MW from co-generation plants.

In Galicia, GAS NATURAL FENOSA has installed wind power capacity of 290 MW and has projects totalling over 294 MW in the pipeline. These include the repowering of the Cabo Vilano wind farm (A Coruña), the first of its type in Galicia. The company will modernise and optimise this wind farm, which was put into operation in the early 1990s as one of the first to be built in Galicia. The project consists of the installation of two new turbines totalling 6 MW to replace the 22 original turbines.

A Coruña, 17 March 2015.

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