The
Spanish
group
will
receive
€350m
($462m)
straight
away
for
the
assets
of
Iberdrola
Renewable
France
(IBRF),
which
operates
32
wind
farms,
plus
a
further
€50m
later
if
certain
conditions
are
met.
After
the
deal
IBRF
will
be
owned
by
GE
and
MEAG,
the
asset
management
arm
of
Munich
Re,
which
will
both
hold
40%.
The
remaining
20%
will
be
owned
by
EDF
Energies
Nouvelles,
the
renewables
arm
of
the
French
utility.
Iberdrola
told
investors
in
Madrid
that
the
deal
does
not
include
its
French
offshore
wind
activities
or
its
onshore
development
portfolio.
These
were…
