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Iberdrola to sell stake in East Anglia wind farm - FT

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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   -   Copyright  SERGIO PEREZ(Reuters)
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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 https://on.ft.com/2H15yqq.

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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