Iberdrola acquires Contigo Energía, adds 100,000 customers

Iberdrola has acquired Contigo Energía (formerly Gesternova), a Spanish renewable energy retailer founded in 2017, adding approximately 100,000 customers. This consolidation in Spain's retail energy market strengthens Iberdrola's customer base and market position. The financial terms are undisclosed, and the impact on Iberdrola's earnings is likely modest.