Investing.com - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Iberdrola to sell 40% stake in UK wind project for 1.6 billion pounds

Published 08/12/2019, 04:06 AM
Updated 08/12/2019, 04:11 AM
Iberdrola to sell 40% stake in UK wind project for 1.6 billion pounds
IBE
-

LONDON (Reuters) - Spanish energy firm Iberdrola (MC:IBE) has agreed to sell a 40% share in British offshore wind project East Anglia One to the Green Investment Group, it said on Monday.

Iberdrola will receive 1.63 billion pounds ($2 billion) for the 40% stake, it said.

When East Anglia One is operational in 2020 it will be one of the world's largest wind farms, with a capacity of 714 megawatts or enough power 600,000 homes.

The Green Investment Group is part of the Macquarie group .

The completion of the transaction is subject to authorization from the Crown Estate.

($1 = 0.8290 pounds)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.