Spain’s Iberdrola SA (BME:IBE) on Thursday announced that it has acquired the Vietnamese subsidiary of German renewables group Sowitec along with its 550-MW pipeline under development. Sowitec Vietnam comes with five onshore wind and one 50-MW floating solar PV project, the Spanish utility said. Financial details were not disclosed by either party. Iberdrola said that […]
BRIEF: Vestas to acquire minority stake in Sowitec
ANNOUNCES ACQUISITION OF A 25.1 PERCENT MINORITY STAKE IN SOWITEC WITH AN OPTION TO ACQUIRE ENTIRE COMPANY WITHIN THREE YEARS * TO ACQUIRE MINORITY STAKE IN SOWITEC TO SUPPORT CO-DEVELOPMENT STRATEGY AND IMPROVE HYBRID OFFERING * ANNOUNCES ACQUISITION OF A 25.1 PERCENT MINORITY STAKE IN SOWITEC WITH AN OPTION TO ACQUIRE ENTIRE COMPANY WITHIN THREE […]
