Iberdrola agrees to sell UK smart meter business to Macquarie in £900m deal

James Murray
clock • 2 min read
Credit: Iberdrola
Image:

Credit: Iberdrola

Deal would see Australian investment giant acquire SP Smart Meter Assets Limited, taking over management of 2.7 million metres

Energy giant Iberdrola has today announced it has signed an agreement with investment giant Macquarie to sell its UK-based smart meter business SP Smart Meter Assets Limited (SPSMAL). Under the terms...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Technology

Google admits climate goals 'getting harder' to meet, as AI demand surges

Google admits climate goals 'getting harder' to meet, as AI demand surges

US tech giant's greenhouse gas emissions grew almost a fifth year-on-year in 2025, latest environmental report confirms

Michael Holder
clock 01 July 2026 • 5 min read
British Gas and Sunsave launch new home battery offer

British Gas and Sunsave launch new home battery offer

Offer removes upfront cost of battery installation, alongside two new smart tariffs that promise to curb bills for households

clock 30 June 2026 • 2 min read
How DeKiln is harnessing 'biomimicry' to create tiles with a 94 per cent lower carbon footprint than ceramics

How DeKiln is harnessing 'biomimicry' to create tiles with a 94 per cent lower carbon footprint than ceramics

Dr Aled Roberts of DeKiln explains how a new partnership is helping scale and commercialise the firm’s low carbon materials

Stuart Stone
clock 29 June 2026 • 4 min read