- Iberdrola France sold 118 MW of operational wind capacity.
- The sale includes a 639 MW pipeline of onshore wind and solar PV.
- This is Iberdrola's fifth transaction in 2023.
Transaction Overview
Iberdrola France has finalized the sale of its onshore portfolio to Technique Solaire. The assets sold include 118 megawatts (MW) of operational wind capacity and a pipeline of 639 MW of onshore wind and solar photovoltaic (PV) projects.
Strategic Focus
This transaction aligns with Iberdrola Group's strategy to concentrate investments on core businesses, particularly regulated networks and generation with long-term contracts. The company is also focusing on key markets such as the United States and the United Kingdom.
Recent Activity
This sale marks the fifth transaction completed by Iberdrola in 2023. Previous transactions include the sale of mini-hydro assets and the slurry business in Spain, the sale of assets in Hungary, and the addition of 650 MW of solar power to a joint venture with Norges.
