Spanish utility Iberdrola has agreed to sell its Hungarian subsidiary, Iberdrola Renovables Magyarország KFT, to a consortium led by Premier Energy and iG TECH CC for €171 million, including a pre-closing dividend.
The transaction includes 158 megawatts of operational wind capacity commissioned since 2008. Of that total, 124MW are already operating in the free market, while the remaining 34MW are expected to transition once existing 15-year regulated tariffs expire within the next year.
The deal is subject to standard regulatory approvals, Iberdrola said in a statement.
The company said the sale is part of a broader strategy to focus on core markets and generation assets that are either regulated or supported by long-term contracts, particularly in the United States, United Kingdom, European Union, and Australia.
“This divestment is in line with Iberdrola’s asset rotation strategy, which focuses on countries and projects where the company can maximise value creation,” the company said.
The transaction follows a series of strategic moves by Iberdrola in 2025, including the sale of its Mexican assets and the signing of a €5.2 billion partnership with Masdar to develop the 1.4-gigawatt East Anglia Three offshore wind project in the UK.
