Iberdola acquires polish offshore wind projects

Iberdrola, the Spanish multinational electric utility company, has announced the acquisition of a 50 per cent stake in Sea Wind, an offshore wind energy company. Going forward, the two companies will jointly develop a project portfolio of 7.3 GW. The move marks Iberdrola’s entry into the Polish market, and reflects the company’s strategy of geographical diversification in favourable markets such as Poland.

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