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MADRID, April 27 (Reuters) - Global wind power group Iberdrola said on Wednesday it expects to meet 2022 profit guidance after growth in the United States and Brazil boosted earnings in the first quarter despite a slump linked to high energy prices in its home market Spain.
European energy prices have climbed to historic highs as war in Ukraine and fears of supply disruptions further tightened markets already thrown into chaos by the stubborn effects of COVID-19.
Iberdrola blamed an annual fall of 29% in net profit in Spain on the fact it did not pass the effect of this on to fixed-price customers, but said it still expected full-year net profit to reach 4-4.2 billion euros ($4.25-4.46 billion).
($1 = 0.9412 euros) (Reporting by Isla Binnie, editing by Inti Landauro)