--Abu Dhabi's Masdar is set to buy a 49% stake in Spanish utility Iberdrola's wind project, known as East Anglia 3, off the Suffolk coast in the Southern North Sea, Cinco Dias reports, citing unnamed sources.

-- The project, which is set to have a capacity of 1,400 megawatts, was valued at 4 billion euros ($4.27 billion), according to the Spanish newspaper.

--Iberdrola declined to comment when contacted by Dow Jones Newswires. Masdar wasn't immediately available for comment.

Full story in Spanish: https://shorturl.at/belsL

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

October 24, 2023 04:17 ET (08:17 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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