Iberdrola to shed European assets

Iberdrola's decision was leaked to financial newspaper Expansión ahead of the company's end-October presentation in London of a new business strategy aimed at reducing a €32 billion corporate debt. Iberdrola did not respond to Windpower Monthly's questions on the matter.
 
The utility, already in a process of non-strategic asset shedding, will focus its wind business on three strategic markets where it also has other extensive generation and distribution interests: Spain, UK and USA, according to the leaks.
 
Nevertheless, Iberdrola will reportedly maintain all offshore wind projects, as a strategic technology, including extensive portfolios in Germany and France.  It will also continue developing onshore in emerging markets, such as South Africa.