Iberdrola Sells Gas Plants for Slurry Treatment
- The transaction includes five natural gas slurry treatment plants totaling 52 MW.
- Four biomethane projects are under development in adjacent areas.
- Iberdrola's strategy focuses on electrification and renewable growth.
- Recent operations include divestments in Mexico, Hungary, and France.
Transaction Details
Iberdrola has agreed to sell its gas assets for slurry treatment in Spain, totaling 52 megawatts, to Edison Next. The transaction includes five operational plants developed over 20 years ago and four biomethane projects under development in nearby areas.
Strategic Focus
This sale is part of Iberdrola's asset rotation plan, which aims to concentrate on high-potential businesses like electricity grids and renewable generation. The company seeks to enhance growth opportunities by partnering with top-tier entities.
Recent Operations
In recent months, Iberdrola has been active in various operations, including acquiring its partner PREVI's stake in its Brazilian subsidiary Neoenergia. It also announced a takeover bid to achieve full ownership. Additionally, Iberdrola formed an alliance with Masdar to co-invest 5,200 million euros in the East Anglia Three offshore wind farm in the UK, with a capacity of 1,400 MW.
Divestments
Iberdrola has also made recent divestment agreements in Mexico, Hungary, and France, aligning with its strategy to focus on electrification and renewable energy growth.
Source: Iberdrola