Iberdrola buys into offshore wind projects totaling 3 GW

Iberdrola signs a deal securing a majority stake in the group of projects purchased from DP Energy.


Spanish utility Iberdrola entered an agreement Friday to buy into an Irish portfolio of offshore wind projects set to feature a combined capacity of 3 GW, reports Bloomberg News.

The deal ensures Iberdrola a majority stake in the developments, purchased from DP Energy for an undisclosed price.

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