# Iberdrola hires Barclays to sell stake in Spanish renewable portfolio, Expansion says
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-09-26
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Iberdrola considers selling stakes in Spanish renewable projects
Meta Description: Iberdrola is looking to sell up to 49% in a portfolio of wind and solar power projects in Spain, with assets valued at 500 million euros. Learn more about this
URL: https://financedigest.com/iberdrola-hires-barclays-to-sell-stake-in-spanish-renewable-portfolio-expansion-sayshtml

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MADRID (Reuters) – Spanish power company Iberdrola hired Barclays’ investment bank to sell up to 49% in a portfolio of Spanish renewable power projects, Expansion newspaper reported on Monday, citing unidentified market sources.

Iberdrola is considering selling a stake in a series of wind and solar power projects, most of them still in development, with a total capacity of 1.2 gigawatts, the newspaper said.

The assets are worth about 500 million euros ($482.50 million), the newspaper said, according to its market sources.

Iberdrola is selling stakes in some of its most advanced renewable projects to [raise cash to partly finance its 150 billion euro 2020-2030 investment](https://www.financedigest.com/5-tips-for-raising-investment-as-a-start-up.html "5 tips for raising investment as a start-up") plan. It has recently agreed to [sell a minority stake](https://www.financedigest.com/intercos-fund-shareholders-l-catterton-otpp-sell-6-stake-at-7-discount.html "Intercos fund shareholders L Catterton, OTPP sell 6% stake at 7% discount") in a giant off-shore wind project in Germany for 700 million euros.

Representatives of Iberdrola and Barclays did not immediately [return calls seeking](https://www.financedigest.com/investors-seek-higher-returns-as-catastrophe-bond-issuance-slows-during-q2-according-to-aon-study.html "INVESTORS SEEK HIGHER RETURNS AS CATASTROPHE BOND ISSUANCE SLOWS DURING Q2, ACCORDING TO AON STUDY") comment.

($1 = 1.0363 euros)

(Reporting by Inti Landauro, Editing by Louise Heavens)


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