Spanish utility Iberdrola SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Iberdrola-ES0144580Y14" target="_blank">BME:IBE</a>) and the Basque Energy Agency (EVE) will invest EUR 59 million (USD 69.4m) in the construction of a 40-MW wind farm in Alava province, marking the first new wind project in the Basque Country since 2006.