Business · Companies · 8 hrs ago

Iberdrola weighs sale of its Polish business

Iberdrola weighs sale of its Polish business

Iberdrola is considering selling all its assets in Poland as part of its review of businesses it sees as non-strategic.

The Spanish energy company is working with advisers, but the sale plan is at an early stage and may not proceed.

Its Polish operations include five onshore wind farms with a combined capacity of 213 megawatts, as well as battery storage projects under development.

The assets could be valued at up to €400 million, according to sources cited in the report.

The company has not confirmed a sale and declined to comment.

Iberdrola is focusing investment on regulated electricity networks and clean-energy technologies in key markets, using asset sales to help fund growth rather than shrink the group.

No final decision on the Polish assets has been announced.

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