Masdar, NBIM Said to Be Shortlisted in Iberdrola Portfolio Sale

Abu Dhabi’s state-owned energy firm Masdar, Norwegian sovereign wealth fund Norges Bank Investment Management and Australian firm Fortescue Ltd. are among bidders shortlisted to buy a Spanish solar power portfolio owned by Iberdrola SA, according to people with knowledge of the matter.

The Spanish utility is selling 49% of the Proyecto Julieta portfolio, which has a total capacity of about 1 gigawatt, said the people, who asked not to be identified as the matter isn’t public. Iberdrola is seeking a total valuation for the assets of at least €900 million ($1 billion), one of the people said.