Iberdrola purchases Aalto Power for Euro 100 million

Iberdrola has finalised the acquisition of French renewable energy company Aalto Power for Euro 100 million. Aalto Power was founded in 2005 and is based in Marseilles. It currently has a portfolio of 118 MW onshore wind projects already operational and another 636 MW of capacity under development in France. The acquisition of Aalto Power is intended to boost Iberdrola’s ambitious growth plans in the French electricity market, where it hopes to serve up to a million customers by 2023.

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