ArcelorMittal wants to enter the power sector in Spain and is bidding for 40% of Iberdrola’s portfolio of photovoltaic and wind assets

ArcelorMittal It plans to enter the renewable energy business in Spain to guarantee electricity supply without a carbon footprint and at a low price. To this end, he made an offer in alliance with the fund. Copenhagen Infrastructure Partners (CIP)), for 40% of the wind and photovoltaic asset portfolio That Iberdrola and this energy company are up for sale to acquire resources that will continue to invest in the development of new clean energy projects. operation can be about 600 millionGiven that Iberdrola’s portfolio is worth 1,200 million.

ArcelorMittal’s proposal put forward by ‘Cinco Días’ this Thursday, steel not rejected by multinationalchose not to comment.

For 40% of Iberdrola’s assets (adds up to 150 megawatts of wind power and 1,100 photovoltaic dn) The other two suitors chose Norges, the Norwegian state wealth fund, among them.. Iberdrola will choose the best offer next week.

This ArcelorMittal operation, Unseen in Spainadds you Join the HyDeal Spain consortium to self-supply hydrogen.

Source: Informacion

Popular

More from author

In the Council, they talked about Ukraine’s response to the proposal of negotiations in Istanbul.

Ukrainian President Vladimir Zelensky prefers an arrogant ultimatum, not the search for some acceptable solutions. About this in an interview with broadcast "News" Grigory...

Israel attacked three ports in Yemen on 05/11/2025, 22:07

Israeli aviation began to strike in three ports in Yemen under the control of the Shiite military-political movement "Ansar Allah" (Husita). This was announced...

Scientists revealed the unexpected secret of wrinkles on wet fingers 01:29

American scientists from the University of Bingemton, after a long -term contact with water showed why the skin on the fingers frowned. It turned...

Dynamo called the deficiencies in a victorious match against Spartak 11.05.2025, 23:45

After the match of the 28th round of the 28th round of the 28th round of the Russian Premier League (RPL), Dinamo Moscow Dynamo's...