Iberdrola completes the sale of its business in Hungary and receives €171 million
- Total consideration for the sale of 158 MW of operational wind capacity includes €171 million, including €128 million for the shares of the company and €43 million through a dividend distributed prior to closing.
- The transaction aligns with the company’s strategy to focus investments on its core businesses -mainly networks regulated or long-term contracted generation- and on key markets like the United States and the United Kingdom.
Iberdrola has completed the sale of its business in Hungary, after obtaining all the necessary approvals to carry out the transaction. The company has sold 100% of the shares of Iberdrola Renovables Magyarország KFT, the owner of its business in Hungary, to a consortium formed by Premier Energy—who previously acquired the company’s assets in Romania in 2024—and a subsidiary of the Hungarian group iG TECH Capital. Through this transaction, the Group has received a total €171 million, including the price for the shares of the company and a dividend distributed prior to closing.
The assets sold include 158 megawatts (MW) of operational wind capacity, commissioned by Iberdrola since entering the country in 2008. 124 MW of this total capacity is already selling their energy in the free market after completing the regulatory 15-year tariff period, and the remaining 34 MW will do so in less than a year.
This deal is part of Iberdrola’s strategy to focus its investments on its core businesses -mainly regulated networks or long-term contracted generation- and on key markets like the United States and the United Kingdom. Following this strategy, Iberdrola Energia Internacional has set as investment priorities other EU markets and Australia.
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