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Iberdrola to sell stake in East Anglia wind farm - FT

Published 12/08/2019, 01:06
Updated 12/08/2019, 01:11
Iberdrola to sell stake in East Anglia wind farm - FT
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(Reuters) - Iberdrola SA (MC:IBE) has agreed to sell a stake worth more than 1 billion pounds in its UK energy business ScottishPower's East Anglia wind farm to Macquarie Group Ltd's (AX:MQG) Green Investment Group subsidiary, the Financial Times reported on Monday.

Iberdrola will sell to the group slightly less than 50% of the wind farm located off the Suffolk coast and currently under construction, the FT said. The deal will be funded using third party debt, the report added https://on.ft.com/2H15yqq.

Iberdrola, Macquarie and Green Investment Group did not respond immediately to requests for comment from Reuters.

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