Iberdrola, Norway's Fund Negotiate Extending Shared Renewable Portfolio, Cinco Dias Reports

--Iberdrola and Norway's sovereign wealth fund Norges are increasing the size of the renewable portfolio under their partnership by one gigawatt, Cinco Dias reports, without specifying its sources.

--The new assets would be valued at around 1 billion euros ($1.07 billion) and the total assets under the alliance at EUR2.2 billion, according to the Spanish newspaper.

--The Spanish energy company said in May that it had finalized the details to co-invest in a 1.265-gigawatts portfolio of new renewable capacity in Spain with Norges Bank Investment Management, and was working to include an additional 500 megawatts of assets to the shared portfolio.

Full story in Spanish: https://shorturl.at/hyY37

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

September 19, 2023 08:46 ET (12:46 GMT)

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