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Iberdrola to invest up to 4 billion euros in French renewable energy

Published 03/06/2020, 11:04
Updated 03/06/2020, 11:05
© Reuters. The logo of Spanish utility company Iberdrola is seen outside its headquarters in Madrid
IBE
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LONDON (Reuters) - Spanish utility Iberdrola (MC:IBE) said on Wednesday it will invest up to 4 billion euros (3.56 billion pounds) over the next four years in France to develop renewable energy.

Iberdrola said it is already investing 2.4 billion euros in the Saint-Brieuc offshore wind farm in France and plans to invest in new onshore wind, solar photovoltaic and participate in future offshore wind capacity auctions.

"France is a strategic country for Iberdrola," said Ignacio Galán, chairman and CEO of Iberdrola.

"The company is very interested in participating in the new offshore wind capacity auctions to be held in the future by France," he added.

© Reuters. The logo of Spanish utility company Iberdrola is seen outside its headquarters in Madrid

($1 = 0.8913 euros)

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