Iberdrola stock expands renewable platform with Tamega wind project

Published on 11/07/2026 at 11:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola stock remains focused on expanding its renewable investment platform with Norges Bank Investment Management. The latest project is in Portugal.

Renewable platform expands in Iberia

Iberdrola and Norges Bank Investment Management added the 274 MW Tamega wind project in northern Portugal to their renewable alliance.
The platform targets 2,300 MW of capacity by next year as Iberdrola advances its electrification strategy.

Iberdrola S.A., ES0144580Y14, Illustration mit AI erstellt.

Iberdrola and Norges Bank Investment Management expanded their renewable co-investment platform in Iberia on Monday, November 2, 2026, with the addition of the Tamega wind project in northern Portugal. In its announcement, Iberdrola said the project is already in commercial operation.

Alliance adds operating wind capacity

The closing added 274 megawatts to the alliance, taking its Iberian portfolio beyond 1,800 megawatts. The platform had also incorporated the Caparacena and Ciudad Rodrigo solar plants in Spain earlier in 2026.

Iberdrola said the partnership is expected to add further renewable capacity and target 2,300 megawatts by next year. The alliance is backed by more than 2 billion euros of investment and supports the utility's focus on electrification, renewable generation and long-term infrastructure growth.

Quote remains the near-term reference

Iberdrola stock traded at 22.58 euros on Lang & Schwarz at 11:53 CET on Saturday, November 7, 2026; the real-time quote of Iberdrola stock is available here.