Iberdrola to Sell 49% Stake in 500 MW of Renewable Assets to Norges, Cinco Dias Reports
May 31 2023 - 5:35AM
Dow Jones News
--Spain's Iberdrola has agreed to sell 49% stake in 500
megawatts of renewable assets in the Iberia region to Norges for
EUR250 million, Cinco Dias reports, citing financial sources.
--The deal would bring their shared portfolio to 1.8 gigawatts,
according to the Spanish newspaper.
--In January, the Norwegian sovereign-wealth fund agreed to pay
EUR600 million to Iberdrola for a 49% stake in a 1.3 GW
renewable-energy portfolio.
Full story: https://t.ly/qoJQ
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
May 31, 2023 05:20 ET (09:20 GMT)
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