Iberdrola has completed the sale of part of its onshore renewable assets in France to the French group Technique Solaire, in a transaction totaling 757 megawatts (MW) between operational capacity and project pipeline.
The move is not a simple transfer of paperwork: it is the clearest signal to date that the Spanish utility has drawn a very precise line between what it considers strategic and what it does not. France is not disappearing from Iberdrola’s map; it is simply changing focus.
Onshore wind and solar: 757 MW change hands
The transferred portfolio includes 118 MW of operational wind power and a project pipeline of 639 MW of onshore wind and solar PV. Technique Solaire, a company previously specialized mainly in solar energy, is thus making a qualitative leap toward a hybrid model that integrates wind, solar, and storage.
For Iberdrola, however, these technologies on French soil no longer fit into the equation of profitability and control pursued by its 2026-2028 strategic plan. The French onshore renewables market, competitive and with tighter margins than other priority markets, passes into the hands of a local operator with the agility and regional focus necessary to extract full value from it.
The fifth divestment of the year: a pace that is no coincidence
With this transaction, Iberdrola completes its fifth corporate operation so far this year, following the sale of mini-hydroelectric assets and the waste-to-energy business in Spain, the exit from its activity in Hungary, and the contribution of 650 MW of solar energy to the joint venture with Norges.
Five operations in less than two months is a rate of asset rotation that few energy companies in the world can sustain with such precision. This is not about financial urgency, but strategic discipline: freeing up capital from mature or peripheral businesses to redirect it toward regulated infrastructure, where income flows are predictable and political risk is lower.
Saint-Brieuc, the giant that stays
Iberdrola France has operations in the country in offshore wind energy, including the 496 MW Saint-Brieuc plant, the first large-scale offshore wind project in Brittany and the second in France, inaugurated in 2024 after an investment of approximately 2.4 billion euros.
In other words, Iberdrola is not leaving France; it is leaving the land. While it sells 757 MW that generate electricity on solid ground, it retains a 496 MW offshore asset whose construction cost more than five times the scale of what it has just handed over. The sea is its bet. And at sea, contracts are longer, rates are more stable, and competition is infinitely lower.
USA USA and UK: the markets where Iberdrola plays in a league of its own
The company frames the divestment within its strategy of concentrating investments in businesses considered “core,” especially regulated networks and renewable projects backed by long-term contracts, and in priority markets such as the United States and the United Kingdom.
These two markets share a decisive trait: stable regulatory frameworks that allow for multi-billion dollar investment planning with return horizons of 20 or 30 years. Selling onshore renewables in France to reinforce power grids in Texas or offshore wind farms in Scotland is not a retreat; it is a concentration of fire.
Source and Photo: https://www.iberdrola.com/