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Iberdrola has reached an agreement to sell 100% of the shares of Iberdrola Renovables Magyarország KFT—its Hungarian subsidiary—to a consortium formed by Premier Energy, which acquired the company’s Romanian assets in 2024, and the Hungarian group iG TECH CC. The transaction will generate €171.2 million for Iberdrola, including proceeds from the share sale and a dividend distributed before closing.
The assets covered in the deal comprise 158 MW of operational wind capacity, developed by Iberdrola since entering Hungary in 2008. These projects are transitioning to the wholesale market as their 15-year regulated tariff period expires: 124 MW already operate under market conditions, while the remaining 34 MW will follow within the year. The transaction is subject to customary regulatory approvals.
This divestment forms part of Iberdrola’s strategy to concentrate investment in key markets and businesses—particularly electricity networks in the United States and the United Kingdom, as well as regulated or long-term contracted generation assets, where returns are more stable and predictable. It also aligns with Iberdrola Energía Internacional’s strategy to focus on core EU markets and Australia.
