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Iberdrola to sell U.K. wind farm stake in ~$2B deal

Aug. 12, 2019 10:59 AM ETIberdrola, S.A. (IBDRY) Stock, MCQEF StockIBDRY, IBDSF, MCQEFBy: Carl Surran, SA News Editor
  • Iberdrola (OTCPK:IBDRY) agrees to sell a 40% stake in U.K. offshore wind project East Anglia One to Macquarie's (OTCPK:MCQEF) Green Investment Group for £1.63B (~$2B).
  • East Anglia One will be one of the world's largest wind farms when it becomes operational in 2020, with a capacity of 714 MW.
  • The wind farm is located off the Suffolk coast and currently is under construction.

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