Iberdrola to sell Hungarian business for $200m

Iberdrola has reached an agreement to sell 100% of the shares of Iberdrola Renovables Magyarország KFT, which owns its business in Hungary, to a consortium formed by Premier Energy.

Through this transaction, the Iberdrola Group will receive €171.2 million ($200 million) for the shares of the company and a dividend distributed prior to closing.

The assets sold include 158MW of operational wind capacity, commissioned by Iberdrola since entering the country in 2008. These assets will shortly be selling their energy in the wholesale market, once the regulatory 15-year tariff period ends.

Currently, 124MW are already operating in the free market, and the remaining 34MW will do so in less than a year.

The transaction is subject to ordinary regulatory approvals.

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This deal is part of Iberdrola’s strategy to focus its investments on key businesses and markets, mainly in networks in the United States and the United Kingdom, and in regulated or long-term contracted generation, where income stability and predictability are maximised.

It is also fully in line with the concentration of activities of Iberdrola Energía Internacional to focus on core EU markets and in Australia.

During 2025, Iberdrola has announced several long-term strategic alliances and asset rotation transactions. These include the recent agreement for the sale of its businesses in Mexico, and its partnership with Masdar to co-invest €5.2 billion ($6.1 billion) in the 1.4GW East Anglia THREE offshore wind farm in the United Kingdom.