Alphavalue/DIVACONS | Iberdrola (IBE) strengthens its joint venture with Norway’s sovereign wealth fund, managed by Norges Bank Investment Management, by adding an additional 708 MW of renewable capacity, corresponding to the Ceclavín (328 MW) and Tagus XL (380 MW) photovoltaic facilities, both located in Extremadura (Spain).
As in previous additions, Iberdrola will maintain a majority stake of 51% in these assets. This new agreement consolidates the strategic alliance of 2,500 MW of renewable portfolio and more than €2 billion to co-invest in Spain and Portugal, which already includes other operational projects and reaches almost 900 MW in operation.
