Japan's Kansai Electric buys into Iberdrola's 1.3 bln euro offshore wind project in Germany
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Japan's Kansai Electric Power Co has acquired a 49% stake in Iberdrola's Windanker offshore wind project in Germany, valued at 1.3 billion euros. This move strengthens Kansai Electric's partnership with the Spanish renewable energy company.
December 13, 2024 | 4:15 am
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Iberdrola has sold a 49% stake in its Windanker offshore wind project in Germany to Kansai Electric, valued at 1.3 billion euros. This deal enhances Iberdrola's strategic partnerships and financial position.
The sale of a significant stake in the Windanker project to Kansai Electric provides Iberdrola with capital and strengthens its strategic partnerships, likely having a positive impact on its stock price.
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