Iberdrola divests stakes in Siemens Gamesa

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Spanish power utility Iberdrola SA has divested its 8.07% stakes in the wind turbine maker Siemens Gamesa Renewable Energy to Siemens AG for a total consideration of EUR1.1 billion (US$1.2 billion). 

The sale is launched by Iberdrola Participaciones SA, a wholly-owned unit of Iberdrola. 

The sale resulted in the termination of their 2016 shareholder agreement without any claims from either side. Both companies have agreed no to purchase any financial instruments, shares included, that are issued by their respective groups for the next 24 months.

List of the country updates

Country updates

  • February 11, 2020

    Iberdrola selects Siemens Gamesa turbines for its 73 MW wind farm complex in Burgos

    Iberdrola has awarded a contract to Siemens Gamesa for the supply of SG 4.5-145 wind turbines, with a 4.5 MW power unit. The Herrera Complex, which will be built in Burgos province, is made up of th...

    Read more
  • February 06, 2020

    Cubico buys 50 MW Arenales CSP plant in Moron de la Frontera

    Cubico Sustainable Investments has acquired Arenales Solar PS, S.L., the owner of a 50 MW operational concentrated solar power (CSP) plant, from PanEuropean Infrastructure Fund, managed by DWS, a glob...

    Read more
  • February 05, 2020

    Elecnor wins contract to supply and develop 9.2 MW Arrecife wind project in Lanzarote

    Elecnor has been awarded a turnkey contract with the Insular Society of Aguas de Lanzarote SA (INALSA), owned by the Lanzarote Water Consortium, for the construction of the 9.2 MW Arrecife wind p...

    Read more
  • February 04, 2020

    Azora acquires 100 MW Cuevas de Velasco wind project from ABO Wind

    Investment company Azora has completed the acquisition of a 100 MW Cuevas de Velasco wind project located in Castilla-La Mancha from ABO Wind.  The facility consists of 19 GE158 5.5-MW...

    Read more
  • February 03, 2020

    Iberdrola starts commercial operation of the 23 MW El Pradillo wind project in Zaragoza

    Iberdrola has started the commercial operation of the 23 MW El Pradillo wind farm located between the Zaragoza towns of Frescano, Borja and Agón, in Aragón. The project comprises of six...

    Read more

Share this update