Announced
Financials
Tags
wind energy
Private
Alternative Fuels
solar energy
Spain
Private Equity
Acquisition
Pending
Single Bidder
Minority
Friendly
Cross Border
Synopsis
Norges Bank Investment Management, a fund manager, agreed to acquire a 49% stake in a 1.25k MW portfolio in Spain from Iberdrola, an energy utility, for $650m. The alliance between Iberdrola and Norges Bank Investment Management joins two preferred partners in a relationship that could be extended to additional renewable energy opportunities in further markets.
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