Iberdrola, Spain’s second-largest power company will direct a third of investment into wind-power projects through 2009, chairman Ignacio Sanchez Galan told investors at a meeting yesterday in Madrid. Reading between the figures, this amounts to potentially as much as EUR 4 Billion.

Using our advfn data, you will see that the stock is up over 50% on 12 months ago. So it's worth noting that JP Morgan are now calling it a take-profits stock.