Iberdrola denies sale of Romania wind pipeline to Sinovel
Spanish utility Iberdrola has denied it is negotiating to sell its giant Romania wind development pipeline – known as Project Dobrogea – to Chinese turbine manufacturer Sinovel.
Sinovel has been linked to Iberdrola’s Romanian interests previously, when it was involved in negotiations with a former partner of Eolica Dobrogea – the local developer with which Iberdrola has an exclusive agreement for the different projects in the pipeline.
The proposed sale of the 1.2GW Romanian pipeline is part of a planned divestment of non-strategic assets by Iberdrola, which a report in Spanish newspaper el Economista says it will announce tomorrow.
Iberdrola tells Recharge of the Romania claims: "The information is not true." However, it confirms that it will give details of a "strategic plan which foresees divestments" along with its quarterly financial results tomorrow.
Iberdrola is also preparing to sell its onshore wind farms in France, Germany and Poland, leaving the company to concentrate on Spain, the UK, the US and offshore wind, reports suggest.
El Economista also claims that Iberdrola is poised to sell its 6.7% holding in rival utility Energias de Portugal (EDP), as well as its 20% stake in wind turbine manufacturer Gamesa.
Following the Spanish reports, Eolica Dobrogea also issued a statement saying it is "committed to develop these projects exclusively for Iberdrola Renovables", based on an investment agreement signed in 2008.
The Romanian company adds that no negotiations are underway between it and Sinovel, or any other third party, regarding the pipeline.
Note: Updates earlier version to add comment from Eolica Dobrogea.