ContourGlobal in talks to buy 50-MW CSP plant from Iberdrola

ContourGlobal Plc (LON:GLO) today confirmed it has been in talks with Iberdrola SA (BME:IBE) to buy from the Spanish utility a 50-MW concentrated solar power (CSP) plant in Spain.

The brief stock exchange statement was in response to press speculation this morning. ContourGlobal added it will make a further announcement if and when appropriate.

Spanish daily El Economista reported that the thermal and renewable power plants owner has agreed to buy Iberdrola's Puertollano CSP plant in a deal valued at between EUR 150 million (USD 173m) and EUR 190 million. The daily had reported in June that Iberdrola was seeking a buyer for this plant, located in the autonomous community of Castilla-La Mancha.

In May, ContourGlobal Plc completed its near-EUR-1-billion acquisition of Acciona SA's (BME:ANA) 250-MW solar thermal power portfolio in Spain.

(EUR 1 = USD 1.156)

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