Iberdrola acquires 88% of UK-based Electricity North West for $5.4bn
2024-10-24 17:17
Favorite
Wedoany.com Report-Oct 24, Iberdrola has closed the acquisition of an 88% stake in UK-based Electricity North West (ENW).
The agreement values the entire company, including debt, at €5bn ($5.4bn).
ENW is located in a key area for Iberdrola, between the existing ScottishPower network licence regions in central and southern Scotland and the regions of Merseyside in northwest England, and North Wales.
It delivers electricity to five million individuals across the northwest of England, including the city of Manchester and the Lake District, and manages 60,000km of distribution networks.
The acquisition aligns with Iberdrola’s strategy to bolster its network business in countries with good credit ratings such as the UK’s AA score.
This bulletin is compiled and reposted from information of global Internet and strategic partners, aiming to provide communication for readers. If there is any infringement or other issues, please inform us in time. We will make modifications or deletions accordingly. Unauthorized reproduction of this article is strictly prohibited. Email: news@wedoany.com
Related Products
Negotiable
220kV level capacity: 31500kV·A~240000kV.A three-phase double winding on-load voltage regulating power transformer
Xinjiang Zhongtai Special Electric Equipment Co., Ltd.
Negotiable /Set
12kV1250A SF6 Gas Insulated Switchgear (C-GIS)
Shanghai Bapei Switching Equipment Co., LTD.
Negotiable
High-voltage Direct Current (HVDC) Transmission System Research and Integrated Design
XI'AN XD POWER SYSTEMS CO., LTD.
Negotiable
NISELA Series Environmentally Friendly Gas-Insulated Ring Main Unit
XJ DELISHIER ELECTRIC CO., LTD.
Negotiable /Unit
Multi-Winding Converter Transformer for Variable Frequency Speed Control
Newonder Special Electric Co., Ltd.
Negotiable
Solar Street Light - Tiger Shark
Shandong Bopu Photoelectric Lighting Technology Co., Ltd.
Negotiable
Prefabricated Houses and Electrical Energy Boxes
Chengdu Ruilong Machinery Manufacturing Co., Ltd. Related Reading
Türkiye and Syria Announce Oil, Gas, and 800 MW Electricity Cooperation
2026-08-23
Pexapark: European PPA prices rose 2.3% in July, Spain down 3.9%
2026-08-23
Trina Solar Supplies 3MWp PV and 10MWh Energy Storage to Vietnam, Commissioned in September
2026-08-23
U.S. FERC Approves SPP Topology Optimization Plan, Saving Up to $44 Million Annually
2026-08-23
Baker Hughes: U.S. and Canada rig count falls by 8 to 804 in week ended Aug. 21
2026-08-23
US Qcells Invests $2.5 Billion in New Cell Manufacturing at Georgia Plant in June
2026-08-23
2026 Spanish Farm Installs 257 kWh Storage, Cutting Electricity Bills by 75%–80%
2026-08-23
UK Harmony Energy battery storage project energized
2026-08-23
Berkeley Lab and Ideon Awarded Funding to Develop Mobile Muon Imager
2026-08-23
Panoro Acquires Stake in Côte d'Ivoire's CI-27 Block for $86.5 Million
2026-08-23
Related Video
IoT-enabled Smart Grids
00:01:19
We don’t wait for storm season to prepare. Our teams work year-round across the state to strengthen the grid, invest in smarter technology and respond quickly when severe weather hits — with investments like installing more than 246,000 intelligent devices to detect potential issues, undergrounding nearly 2,000 miles of neighborhood power lines, and strengthening 85% of our main lines and 97% of transmission structures. In 2025, this work helped avoid more than 1.6 million customer interruptions
00:00:31
Cool Under Pressure! How Oil-Immersed Tech Keeps Transformers Efficient
00:00:16
Ever wondered how power transformers work? Learn how electricity is efficiently transmitted across the power grid and delivered safely to homes, businesses, and industries.
00:01:12
How Fiber Optic Cables Really Work ?
00:00:33