23 July 2026
23 July 2026
The development marks a key stage for the 1.6GW Nordseecluster offshore wind farm project.
The Mangystau Hybrid Power Plant is being developed in collaboration with KazMunayGas and Eni subsidiary Plenitude.
The merger will create a major US renewable energy platform with more than 6GW of capacity and assets in 33 states.
After a preliminary assessment, the EC voiced concerns that the merger could increase concentration within the global SURF market.
Under the agreement, Iberdrola will acquire 80% of Caruna's equity for $2.3bn (€2.01bn), with AMF and Elo retaining the 20% stake.
The Mangystau Hybrid Power Plant is being developed in collaboration with KazMunayGas and Eni subsidiary Plenitude.
The merger will create a major US renewable energy platform with more than 6GW of capacity and assets in 33 states.
After a preliminary assessment, the EC voiced concerns that the merger could increase concentration within the global SURF market.
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