Deal agreed for German offshore wind farm

Spanish utility firm Iberdrola has sold 49% of its stake in a German offshore wind farm to Masdar, a United Arab Emirates renewable energy firm.

Ignacio Galan, Iberdrola’s Executive Chairman, and Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi,

Spanish utility firm Iberdrola has sold 49% of its stake in a German offshore wind farm to Masdar, a United Arab Emirates renewable energy firm.