Pontegadea

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Iberdrola: Pontegadea could enter negotiations to buy a stake in Proyecto Romeo’s renewables; Norges Bank has exclusivity on the deal for 1 month

Bankinter | Norges Bank Investment Management, which manages Norway’s sovereign fund, is in exclusive talks with Ibedrola to buy a stake of up to 49% in a mega portfolio of renewable assets owned by the Spanish utility. The portfolio is called Proyecto Romeo and is valued at 1.2 billion euros. It includes wind and solar projects in different phases of development with a total output of 1.266MW. Of the whole…