Iberdrola to explore sale of US wind plants and projects

BLACK LAW WINDFARM.

Iberdrola Renewables – the second-largest US wind owner – is putting up for sale 707MW of operating wind projects and a 1.4GW near-term development pipeline as its parent company, Spanish utility Iberdrola, explores "selected strategic alternatives for a portion of its renewable business in the US".

The decision "does not change Iberdrola’s strategic position towards the US renewable energy market," Iberdrola Renewables communications director Jan Johnson tells Recharge. "Iberdrola remains committed to the US renewable energy market. We are always looking for opportunities to optimize our portfolio."

Johnson says the development projects, in markets where Iberdrola is oversupplied and has "some merchant exposure", are "capable of coming online in the near term" and are being marketed in an effort to maintain a "right-sized pipeline".

There has been an uptick in North American wind development

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