Iberdrola to sell Hungarian business for $200 M
The Spanish utility will divest 158 MW of wind assets in Hungary as part of its strategy to focus on core markets and long-term contracted generation.
Image for illustrative purposes
Hungary: Iberdrola has agreed to sell its Hungarian business, Iberdrola Renovables Magyarország KFT, to a consortium led by Premier Energy for $200 M (€171.2 M). The deal includes 100 % of the company’s shares and a dividend distributed before closing.
The assets being sold comprise 158 MW of operational wind capacity, developed by Iberdrola since its entry into Hungary in 2008. Most of the portfolio has already moved into the free electricity market, with 124 MW trading there now and the remaining 34 MW set to follow within a year as their 15-year regulated tariff periods come to an end.
The sale remains subject to regulatory approvals but represents another step in Iberdrola’s ongoing asset rotation strategy. The Spanish utility has been realigning its portfolio to focus on regulated networks and long-term contracted generation in priority markets such as the United States, the United Kingdom, and core EU countries, as well as Australia. These areas provide greater income stability and long-term predictability.
This move follows a series of transactions announced by Iberdrola during 2025, including the sale of assets in Mexico and a strategic partnership with Masdar to co-invest $6.1 B (€5.2 B) in the 1.4 GW East Anglia THREE offshore wind farm in the UK.
By divesting from Hungary, Iberdrola is continuing to streamline its international operations while reinforcing its position in markets where it sees the greatest growth potential and regulatory support for its clean energy ambitions.
Source: PEI
#asset sale#Energy markets#Hungary#Iberdrola#Premier Energy#renewable energy#wind power