Spain Power Grid Can Feed 10 Million Electric Cars-Iberdrola
Feb 9, 2010 - Dow Jones
system can supply power to some 10 million electric cars if charging were to be
made at night when general demand is low, Ignacio Galan, chairman of electricity
company Iberdrola SA (IBE.MC), said Tuesday.
A gradual buildup of an electric
car fleet will help the European Union to reach its targets for greenhouse gas
emission cuts and renewable power penetration, he added. Galan spoke during a
meeting with European Union competition ministers in the northern Spanish city
of San Sebastian, Iberdrola said in a release.
The EU targets to cut greenhouse
gas emissions until 2020 by 20% from 1990 levels, and wants renewables to provide
20% of the union's overall power supply in 2020.
Galan cautioned, however,
that electric cars still need to overcome hurdles related to batteries, the buildup
of a recharge system, and regulation.
If electric cars were to be charged
at night, they could help the penetration of renewable power, Galan said.
has one of the world's highest percentages of renewable power as part of overall
Iberdrola, based in Bilbao, northern Spain, is
the world's biggest wind-power generator.
Company Web site: http://www.iberdrola.com
-By Bernd Radowitz, Dow Jones Newswires, +34-91-395-8125, bernd.radowitz@