Reuters: Private Equity: Iberdrola may seek partner for German offshore farm

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Iberdrola may seek partner for German offshore farm Jun 19th 2012, 07:22 FRANKFURT, June 19 | Tue Jun 19, 2012 3:22am EDT FRANKFURT, June 19 (Reuters) - Spanish power firm Iberdrola may team up with a peer or a private equity firm to finance its 1.6 billion euro ($2 billion) investment in a wind farm off Germany's Baltic coast, according to a newspaper interview. "We are looking at various financing options. It is quite possible that we will do the project with a partner," German daily Financial Times Deutschland cited Jonathan Cole, the head of Iberdrola's offshore business, as saying on Tuesday. Iberdrola announced plans for the wind farm last week, saying it would be the largest in the world once completed. ($1 = 0.7949 euros) (Reporting by Maria Sheahan; Editing by Hans-Juergen Peters)

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