Iberdrola sells its business portfolio in Hungary for €171m

23 Jan Iberdrola sells its business portfolio in Hungary for €171m

(Oilandgaspress) -] Iberdrola has completed the sale of its business in Hungary after obtaining all the necessary authorisations to carry out the transaction. The company has sold 100% of the shares in Iberdrola Renovables Magyarország KFT, the owner of its business in Hungary, to a consortium formed by Premier Energy – which already acquired the company’s assets in Romania in 2024 – and a subsidiary of the Hungarian group iG TECH Capital. Through this transaction, the Group has received a total of €171 million, including the price of the company’s shares (€128 million) and a dividend distributed prior to completion (€43 million).

The assets sold include 158 megawatts (MW) of operational wind capacity, commissioned by Iberdrola since it entered the country in 2008. Of this total capacity, 124 MW are already selling their energy on the open market after completing the 15-year regulated tariff period, while the remaining 34 MW will do so in less than one year.

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