Iberdrola has agreed to sell its Hungarian business, Iberdrola Renovables Magyarorszag KFT, to a consortium formed by Premier Energy and iG TECH CC for €171m including a pre-closing dividend.
The transaction covers 158MW of operational wind assets commissioned since 2008, of which 124MW are already selling into the free market with the remaining 34MW to follow within a year once their 15-year regulated tariff expires.
Completion of the deal remains subject to standard regulatory approvals.
Iberdrola said the sale aligns with its strategy to focus investment on core markets and regulated or long-term contracted generation, particularly in the US, UK, EU, and Australia.
The company highlighted other 2025 transactions including the sale of its Mexican businesses and its €5.2bn partnership with Masdar for the 1.4GW East Anglia Three offshore wind farm in the UK.