Iberdrola has completed the sale of its Hungarian business to a consortium formed by Premier Energy and a subsidiary of iG TECH Capital.
The company said it received €171m in total, including €128m for the shares and €43m through a dividend distributed before closing.
It added that the sale includes 158MW of operational wind capacity commissioned since 2008.
Of this, 124MW is already selling power on the free market after completing the 15-year tariff period, with the remaining 34MW to do so within a year.
Iberdrola stated that the divestment aligns with its strategy to focus investment on core businesses such as regulated networks and long-term contracted generation.
The group said its priorities now include other EU markets, the United States, the United Kingdom and Australia.