SCOTTISHPOWER’s Spanish owner has underlined its faith in the potential to develop more North Sea renewable energy assets after clinching a deal to sell a stake in a giant windfarm that values the facility at £4.1 billion.
Iberdrola has agreed to sell a 40 per cent interest in the East Anglia One development to Macquarie investment bank for £1.6bn.
The deal highlights the scale of the development, which has been led by ScottishPower Renewables engineering experts in Glasgow and London.
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