Iberdrola is looking for a new partner for its wind power business in the UK.
The Spanish energy company, which is working with Bank of America and BBVA as financial advisers, will launch the sale of up to 49% of East Anglia Two in the coming weeks.
Iberdrola plans to launch a search for a partner to take a stake of up to 49% in its East Anglia Two offshore wind project in British waters of the North Sea. The project is valued at around €5,000 million and will have a capacity of up to 960 megawatts once completed. Bank of America and BBVA will advise Iberdrola on the operation, which could be completed in around a year and a half. The project is expected to generate renewable energy enough to power around 950,000 homes when it enters operation in 2028.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
