US EditionIberdrola-NBIM Joint Venture Adds 646 MW Solar Capacity, Hitting 1,5
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With these contributions, the companies continue to strengthen their joint investment company of more than 2 billion euros in Spain and Portugal
Iberdrola and Norges Bank Investment Management have reached 1,500 megawatts (MW) of renewable capacity in operation through their long-term strategic alliance in the Iberian Peninsula. This new incorporation includes the Caparacena photovoltaic plants (330 MW) in Granada and Ciudad Rodrigo (316 MW) in Salamanca, both in operation since the end of 2025. Spanish energy maintains a majority share of 51% in these assets, while the Norwegian soverei…
Iberdrola and Norges Bank Investment Management have reached 1,500 megawatts (MW) of renewable capacity in operation through their strategic alliance in the long term.This new contribution includes the photovoltaic plants of Caparacena (330 MW) and Ciudad Rodrigo (316 MW), located in Granada and Salamanca (Spain). As in previous incorporations, Iberdrola will maintain a majority stake of 51 % in these assets.With these contributions, the compani…
Iberdrola-NBIM Joint Venture Adds 646 MW Solar Capacity, Hitting 1,5
In a significant move that underscores the growing momentum behind renewable energy investments, Iberdrola and Norges Bank Investment Management (NBIM) have expanded their joint venture by adding 646 MW of solar photovoltaic (PV) capacity. This latest addition brings the total operational renewable capacity of their partnership across Spain and Portugal to an impressive 1,500 MW. Source
Iberdrola, NBIM Scale Clean Energy Partnership to 1.5 GW
Global energy and electricity provider Iberdrola and Norges Bank Investment Management (NBIM), the investment manager for Norway’s $2 trillion oil fund, announced the addition of 646 MW of solar photovoltaic capacity to their joint venture, increasing the partnership’s total operational renewable capacity across Spain and Portugal to 1,500 MW. Iberdrola and NBIM launched the joint venture in 2023, agreeing to co-invest more than €2 billion ($2.4…
Iberdrola has incorporated 646 MW of photovoltaic solar power into the joint venture, corresponding to the projects of Ciudad Rodrigo and Caparacena — a milestone that reflects the solidity of an alliance between two reliable partners: Iberdrola and Norges—, both operating since the end of last year Both companies have established a long-term strategic alliance to accelerate electrification with an investment of more than 2 billion euros and a r…
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