Iberdrola halts investments in Spanish energy projects

The power utility will not be investing more money in domestic renewables for the time being.


Spanish power company Iberdrola has halted investments in domestic projects following Madrid implementing several consumer protection measures against high prices, the utility tells The Wall Street Journal, according to Dow Jones.

"Iberdrola has decided to halt ongoing bidding processes for goods and services associated with the construction of new renewable projects in Spain until a detailed assessment of the economic viability of such projects has been carried out," the company writes in a statement.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Trial banner

Latest News

See all jobs