The leading energy company Iberdrola announced that it signed an agreement for the acquisition of Aalto Power, a French renewable energy company for approximately $108 million. Aalto Power already has 118 megawatts (MW) of onshore wind generation operating in France.
Before this deal with Iberdrola the Aalto Power was owned by Aiolos and Caisse des Dépôts et Consignations. Aalto Power was founded in 2005 and headquartered in Marseilles, in France. It has a portfolio of onshore wind projects in France in different stages of development to add another 636 MW. The operation is part of Iberdrola’s commitment to strengthening its presence and growth in renewable energy in France.
- In May 2020, Iberdrola Clientes, Iberdrola Group’s company in Spain, has produced a million masks, 20,000 pairs of protective goggles and 5,390 medical gowns, which will be distributed among their units during the coming days. The company has proceeded in compliance with ministry guidelines.
- In March 2020, Iberdrola donates 22 million in protection and medical supplies to Spains health service. Specifically, the company has acquired 450 ventilators, 4.6 million masks, 120,000 protective coveralls and 20,000 pairs of protective eyewear by signing four major contracts with Chinese companies.
- In February 2020, Iberdrola is moving forward with the process of leading the energy transition in Spain with the start of construction on its first photovoltaic plant in Aragon, with 50 MW of installed power, located in the municipality of Azaila, in Teruel province.
Iberdrola, headquartered in Bilbao, Spain, is a one of the world’s biggest electricity utilities firm. The company is a global energy leader, the number-one producer of wind power. The company supplies energy to almost 100 million people in dozens of countries, has more than 600,000 shareholders, a workforce comprising more than 35,000 employees.