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Norges Bank Investment Management

Iberdrola's hybrid solar-wind project located in Castille and Leon, Spain. Credit: Iberdrola

Iberdrola to develop 1.3GW of renewables in Iberia with Norwegian sovereign fund

January 17, 2024
Iberdrola and the sovereign wealth fund of Norway have announced plans to invest more than €2 billion to add 1.3GW of renewables in Iberia.
Iberdrola is currently building around 1.8GW of PV and wind projects in Spain. Image: Iberdrola.

Iberdrola, Norway sovereign wealth fund to invest in new renewables capacity in Spain

January 17, 2023
Spanish multinational electric utility company Iberdrola has partnered with Norges Bank Investment Management to invest in 1,265MW of new renewables capacity in Spain, with solar plants making up 80% of the portfolio.  
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