# Iberdrola to acquire French renewables developer Aalto Power for €100M

Iberdrola announced the €100 million acquisition of Aalto Power, a French developer with a 636MW onshore wind pipeline, to strengthen its presence in the French generation market.

- Type: Acquisition
- Announced: 2020-05-07
- Where: France
- Value: $108.0M (100.0M EUR)
- Status: announced
- Products: onshore wind development
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Iberdrola](https://endata.com/companies/3003.md) (acquirer)
- [Aalto Power](https://endata.com/companies/47103.md) (target)

## Sources

- [businessgreen.com](https://www.businessgreen.com/news/4014984/iberdrola-set-snap-french-renewables-developer-aalto-power-eur100m-deal), 2020-05-07: "Iberdrola is poised to further strengthen its renewables portfolio with the €100m acquisition of leading French developer Aalto Power."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.