Iberdrola, Norges Bank Ink $1.3 Billion Deal to Develop 1.26 GW Renewables

The parties are also negotiating another 500 MW of renewables project in Spain

June 1, 2023

/ Arjun Joshi
/ Finance and M&A, Solar, Wind
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Spain-based independent power producer Iberdrola and the sovereign fund of Norway, managed by Norges Bank Investment Management, have committed to a joint investment of €1.2 billion (~$1.3 billion) to develop 1,265 MW of new renewable energy capacity in Spain.

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Arjun Joshi

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