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IBDRY Iberdrola SA (PK)

52.69
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Iberdrola SA (PK) USOTC:IBDRY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 52.69 50.27 52.40 48,000 13:15:46

Iberdrola, Holcim Sign Renewable-Energy Power Purchase Agreement in Germany

24/05/2023 10:53am

Dow Jones News


Iberdrola (PK) (USOTC:IBDRY)
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   By Giulia Petroni 
 

Iberdrola said Wednesday that it will provide 250 gigawatt hours of renewable energy per year to Holcim as part of a power purchase agreement.

The Spanish energy company said the energy will be provided from its Baltic Eagle offshore windfarm in Germany, which is currently under construction and set to be completed by 2024. The farm will have a total capacity of 476 megawatts.

The companies have also agreed to collaborate on a range of further sustainability initiatives that include potential additional PPAs, Iberdrola said.

Financial details weren't released.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

May 24, 2023 05:38 ET (09:38 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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