October 17, 2018 / 7:46 AM / a month ago

UK's ContourGlobal in talks to buy Iberdrola's solar power plant

Oct 17 (Reuters) - Power generator ContourGlobal Plc confirmed on Wednesday that it has been in talks with Iberdrola SA over a potential deal to buy the Milan-listed company’s solar power plant in Spain.

ContourGlobal’s statement comes a day after British power producer Drax announced a deal to buy a group of Scottish gas, hydro and pumped storage power plants from Iberdrola for 702 million pounds. ($924.18 million)

$1 = 0.7596 pounds Reporting by Muvija M in Bengaluru; Editing by Vyas Mohan

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