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Iberdrola weighs sale of its Polish operations

Andre Savage
Published Oct 26, 2026
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Summary:
  • Iberdrola SA is exploring a sale of all its Polish assets and has brought in advisers to review options.
  • The portfolio could be valued at up to €400 million, or $448 million, according to people familiar, and any move is still at an early stage.
  • The company owns five onshore wind farms totaling 213 megawatts and is developing a one gigawatt battery energy storage portfolio in Poland.

What is happening

People with direct knowledge say Iberdrola is evaluating a full exit from Poland and has engaged advisers to study a potential divestment. The review is in its early days, and the company could ultimately stay put. Those sources asked not to be named because the process is not public, and a spokesperson declined to comment.

What is on the block

In Poland, Iberdrola holds five onshore wind farms with 213 megawatts of installed capacity. Its website also details a development portfolio of battery energy storage systems totaling one gigawatt.

The strategic backdrop

A sale would fit Iberdrola's effort to offload non-strategic holdings and channel capital into markets where it can build out regulated power networks, which the company says now take the lion's share of its investment. Consistent with that strategy, earlier this year it purchased Caruna group, Finland's largest electricity distribution company, and in 2024 it completed the acquisition of UK grid operator Electricity North-West.

When companies rethink assets, staying informed helps you follow developments, so sign up for the free Market Briefs newsletter today.

What it means for your portfolio

If Iberdrola proceeds, it would be shifting capital away from Polish wind and storage development and toward regulated network growth in priority markets, consistent with recent deals. The talk of a price tag near €400 million offers a rough benchmark for bidders and a read on how Iberdrola is valuing assets it sees as non-core.

When strategic changes surface, stay ahead by signing up for the free Market Briefs and read the news in minutes.

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