73 More wind farms are under construction or in planning and will be completed within the next four years. Adding more wind to the mix E.ON acquires a wind-farm operator in Spain and Portugal. In August 2007, we significantly expanded our wind-power business and entered the highly attractive Spanish and Portuguese wind-power markets by acquiring ENERGI E2 Renovables Ibéricas. Our new subsidiary, which now does business as E.ON Renovables Iberia, has about 260 megawatts of installed renewables capacity, predominantly wind power. It's an ideal platform from which to expand our wind-power business in Southern Europe. Wind power, which emits no CO2, is an important ingredient in a climate-friendly energy mix. With high-quality wind farms in favorable locations like the Iberian Peninsula, we can help protect the climate in an economically sensible way. We also entered the world's most attractive renewables market by acquiring Airtricity in North America. With a total installed wind-power capacity of about 900 megawatts, we now rank among the world leaders in this generation tech- nology. And by sharing expertise and best prac- tices across our global organization, we can make our wind-power operations even more efficient. Wind power is just one of the ways E.ON fosters climate protection. We also actively support the EU's energy-policy agenda and are working hard to reduce our generation fleet's CO2 emissions.