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Iberdrola to sell stake in East Anglia wind farm - FT

Iberdrola to sell stake in East Anglia wind farm - FT
FILE PHOTO: The logo of Spanish utility company Iberdrola is seen outside its headquarters in Madrid, Spain, May 23, 2018. REUTERS/Sergio Perez/File Photo -
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(Reuters) – Iberdrola SA <IBE.MC> 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 <MQG.AX> 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

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

(Reporting by Akshay Balan in Bengaluru; Editing by Bill Rigby)

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