21 Oct Iberdrola expands US renewables business with $8.3 billion deal for PNM Resources
Spanish renewable energy giant Iberdrola has announced a deal worth US$8.3 billion, including debt, to buy utility PNM Resources, in a move that will significantly grow its US subsidiary Avangrid. Absorbing PNM into Avangrid will create the third largest renewable energy operator in the US, with...