The German company will acquire 100% ownership of the Spanish power giant’s subsidiaries Iberdrola Renovables Deutschland, which operates 37.4MW at four plants, and Windpark Jülicher Land, which owns the rest.
The deal means Mannheim-based MVV Energie will almost double the generation capacity in its wind power business to 136MW.
Iberdrola says MVV will take on debts associated with the wind farms in a deal worth €52.7m
