Iberdrola has closed the sale of its portfolio of gas assets for slurry treatment in Spain to the energy services company Edison Next. The deal was previously announced on 1 December.
The portfolio comprises five slurry treatment plants in operation, which were developed more than 20 years ago and total 52 MW, as well as four biomethane projects located in nearby areas that are under development.
The completion of this transaction is part of Iberdrola's asset rotation and alliance plan and is in line with its strategy of driving a transformation towards businesses with greater growth opportunities, mainly electrical networks and renewable generation.
Key data points: The growth forecast = 5.0% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in tight gas market to 2031 by type (processed tight gas and unprocessed tight gas), application (residential, commercial, industrial production, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesIn this regard the Group has carried out various transactions in recent months, such as the acquisition of its partner PREVI's stake in its Brazilian subsidiary Neoenergía and the subsequent announcement of a takeover bid to acquire 100% of the capital; the alliance with Masdar to co-invest €5.2 billion in Iberdrola's largest offshore wind farm, East Anglia Three, located in the United Kingdom and with a capacity of 1,400 MW; and recent divestment agreements in Mexico, Hungary and France.
