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Iberdrola renewables unit sees profits slump
Fall in power prices and lower wind speeds have brought Iberdrola unit’s profits back down to earth after highs in previous years
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Timeline cronologica
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Iberdrola sells Mexico to buy the grid
A 22% jump in half‑year profit is largely a Mexican disposal gain. Strip it out and the Spanish giant’s growth – once again – comes from regulated networks
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Iberdrola renewables unit sees profits slump
Fall in power prices and lower wind speeds have brought Iberdrola unit’s profits back down to earth after highs in previous years