Spain's Iberdrola makes Scotland offshore wind HQ

LONDON (Reuters) - Iberdrola Renovables is to base its global offshore wind power headquarters in Glasgow, Scotland, the Spanish company said on Tuesday.

Iberdrola, which owns Scottish Power, said it will develop one of the largest offshore wind farms in the world in the UK with capacity of up to 7,200 MW, in addition to another 2,500 MW elsewhere in Europe.

Iberdrola Renovables expects to invest 9 billion euro in renewables generation between 2010-2012, with 4.9 billion euro channeled into its business in the United States, 1.9 billion euro in Britain, 1 billion in Spain, and 1.2 billion euro in the rest of the world.

(Reporting by Daniel Fineren)