Iberdrola sells 49 per cent stake in offshore wind farm in Germany

Iberdrola, a Spanish energy company, sold its 49 per cent ownership of the Wikinger offshore wind farm in Germany for $700 million. The share was sold to Energy Infrastructure Partners (EIP), a Swiss infrastructure investment firm that specialises in the world’s energy transformation. After the sale, Iberdrola will retain its remaining 51 per cent stake in the offshore wind farm and continue to manage the asset.

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