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Turkey

Turkey

Iberdrola sells Turkish wind portfolio

TURKEY: Turkish engineering firm Guris has confirmed that it has acquired 100% of Spanish utility Iberdrola's wind portfolio in Turkey, totalling 133MW.

The portfolio projects are Subasi (48MW) in Edirne province, Yaprak (15MW) in Kirklareli and Mugla (70MW) near the city of the same name.

The transaction, revealed by Spanish financial sources earlier this week, was actually sealed in March this year. Guris expects to start building the projects by end-2013.

Nobody was available at Iberdrola to comment on the deal, though the utility, the world's top wind operator for the best part of the past decade, has openly been undergoing an austerity process of divestment in non-strategic markets since 2012. In that year alone it sold wind stakes totalling EUR 850 million, mainly in Germany.

This year, Iberdrola has already arranged to sell wind assets totalling EUR 753 million across France and Poland.

The French sale, covering 321.4MW of operating onshore wind capacity, went to a consortium comprising EDF and GE Energy Financial services. The Polish deal, for 184.5MW, was with local utilities PGE and Energa.

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