(AFX UK Focus) 2009-12-03 20:24 UPDATE 2-California utility PG&E to buy first wind project

(AFX UK Focus) 2009-12-03 20:24 UPDATE 2-California utility PG&E to buy first wind project
LOS ANGELES, Dec 3 (Reuters) - PG&E Corp will build and operate a wind power project of up to 246 megawatts with the U.S. unit of Spain's Iberdrola SA, marking the utility's first foray to own wind generation. PG&E said on Thursday that it expected to invest just over $900 million in the project. That figure includes the cost for Iberdrola Renewables to develop and build the system. The proposed ...

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