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Masdar, CPPIB among those seeking stake in Iberdrola’s 1.4 billion euro German wind farm- source

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Reuters UK

By Andres Gonzalez and Isla Binnie LONDON (Reuters) – Abu Dhabi’s Masdar and Canada Pension Plan Investment Board (CPPIB) are weighing binding offers for a 40% stake in Iberdrola’s German offshore wind farm in a deal that will value the project known as Wikinger at 1.4 billion euros, a source close to the matter told Reuters. Infrastructure funds InfraRed and EIP are also close to making offers, the source said. Europe’s largest utility is holding calls with the prospective buyers for the minority stake of the wind farm, two sources said, and it will select a winner in coming weeks. Iberdrola,…

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