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Financials

Iberdrola acquires French renewable energy company Aalto Power

LONDON, May 7 (Reuters) -

* Spanish utility Iberdrola said on Thursday it has acquired French renewable energy company Aalto Power for 100 million euros ($108 million).

* Aalto Power has 118 megawatts (MW) of onshore wind power already in operation and a project portfolio of 636 MW in various stages of development.

* Aalto Power was owned by engineering firm Aiolos and French investment firm Caisse des Depots et Consignations . ($1 = 0.9263 euros) (Reporting by Nina Chestney; Editing by Jan Harvey)

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