Kansai Electric buys 49% stake in Iberdrola's €1.3B wind project offshore Germany
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 13 2024
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Should l Buy ?
Source: SeekingAlpha
Iberdrola's Stake Sale: Iberdrola has agreed to sell a 49% stake in its Windanker offshore wind project in Germany to Kansai Electric Power for approximately €150 million, valuing the entire project at nearly €1.3 billion.
Project Details and Future Plans: The Windanker wind farm, located in the Baltic Sea with an installed capacity of 315 MW, is expected to begin operations in late 2026, with Kansai contributing to construction costs.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
