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Iberdrola has put on hold for now the attempted sale of a minority stake in a roughly 1-gigawatt Spanish solar energy portfolio.
Iberdrola has paused the sale of a minority stake in its 1-gigawatt Spanish solar portfolio.
KEY POINTS
- The targeted $1 billion valuation for Project Julieta complicated negotiations with potential buyers.
- Waning interest from a previously leading bidder contributed to the decision to halt the sale.
- Rapid solar capacity growth in Spain has outpaced electricity demand, reducing asset values and producer prices.
COMPANIES
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