NBIM to acquire a 49% stake in a 1.25k MW portfolio in Spain from Iberdrola for $650m.

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.