European energy giant Iberdrola is poised to further strengthen its renewables portfolio with the €100m acquisition of leading French developer Aalto Power. The Spain-based utility announced this morning that it has closed a deal to acquire Aalto Power from its owner, Aiolos and Caisse des Dépôts et Consignations. The transaction is now subject to standard closing conditions, including authorisation from the French Ministry of Economy. The move is the latest step in Iberdrola’s plans to invest €10bn this year and secure one million customers in the French retail market by 2023.
Business Green 7th May 2020 read more »
Power Technology 7th May 2020 read more »