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POWER: Iberdrola Seeks Investor for 1GW Renewables Portfolio in Asset Rotation

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Iberdrola is seeking a minority investor for a 1GW renewable portfolio as part of its asset rotation strategy, according to sources, cited by Reuters.

  • The project, dubbed "Romeo 2.0," follows a similar 1.3GW wind and solar deal in 2023, where Norway's sovereign wealth fund acquired a 49% stake for around €1.2bn
  • Evercore is advising Iberdrola on the transaction, though discussions remain in early stages, and valuation depends on the wind-solar asset mix.
  • Iberdrola CFO Jose Sainz Armada recently confirmed that Iberdrola is working on multiple asset rotation deals, with completion expected this year.
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Iberdrola is seeking a minority investor for a 1GW renewable portfolio as part of its asset rotation strategy, according to sources, cited by Reuters.

  • The project, dubbed "Romeo 2.0," follows a similar 1.3GW wind and solar deal in 2023, where Norway's sovereign wealth fund acquired a 49% stake for around €1.2bn
  • Evercore is advising Iberdrola on the transaction, though discussions remain in early stages, and valuation depends on the wind-solar asset mix.
  • Iberdrola CFO Jose Sainz Armada recently confirmed that Iberdrola is working on multiple asset rotation deals, with completion expected this year.