Iberdrola, Masdar to Jointly Develop Baltic Wind Farm, Expansion Reports
05 Luglio 2023 - 2:07PM
Dow Jones News
--Iberdrola is set to sign an exclusive deal with Abu Dhabi's
Masdar to jointly develop a 476-megawatt offshore windfarm in
German waters in the Baltic Sea, Expansion reports, citing unnamed
market sources.
--The energy company is negotiating a sale of a stake of up to
49% in the Baltic Eagle windfarm project to Masdar, according to
the Spanish business newspaper. The Baltic Eagle windfarm is valued
at about 1.4 billion euros ($1.52 billion).
--The move is part of Iberdrola's strategy to help finance its
EUR47 billion investment plan, Expansion reports.
Full story: https://shorturl.at/ehkuA
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 05, 2023 07:52 ET (11:52 GMT)
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