Spanish renewable energy company Iberdrola Renovables SA (IBR.MC) Monday said it has reached an agreement to buy Caledonia Energy Partners LLC of the U.S. for EUR184 million.
In a Spanish regulatory filing, Iberdrola Renovables said Caledonia owns a natural gas storage facility in Lowndes County, Mississippi, with a capacity of 0.33 billion cubic meters.
Iberdrola Renovables is a unit of Spanish power utility Iberdrola SA (IBE.MC), and the world's biggest wind-power generator.