Spanish energy company Iberdrola is considering selling a portfolio of solar power assets in Germany with an installed capacity of 121 megawatts.
The assets are valued at between EUR 100 million and EUR 200 million, Bloomberg News reports, citing sources.
The sale is part of the company’s strategy to focus on electricity grid operations in, among other countries, the US, the UK and Brazil.
The discussions are at an early stage and a deal is not certain. Iberdrola is meanwhile planning to retain its offshore wind assets in Germany with a capacity of 1.14 gigawatts.
