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Spanish energy giant Iberdrola plans to spend around EUR 9 billion to reach the target of having 3GW of installed offshore wind capacity in the US and in Europe by 2023.
Spain’s Iberdrola reported a 25.5% increase in the gross operating profit (EBITDA) in its Renewables business unit in the first half of 2018, driven by increased production and the contribution of the Wikinger offshore wind farm in the German Baltic Sea.
Iberdrola has been awarded the rights to construct two offshore wind farms totalling 486MW in German waters in the Baltic Sea.
Iberdrola has connected its 350MW Wikinger offshore wind farm to the German power grid.
Spanish energy company Iberdrola is actively preparing to participate in the next round of offshore wind auctions in Germany scheduled for April 2018.
Iberdrola posted net profit of EUR 827.6 million in the first quarter of 2017, 4.7% down on the same period last year.
Iberdrola has opened the Operation & Maintenance (O&M) building for the 350MW Wikinger offshore wind farm in the Mukran Port.
With the United States only starting to chart its wind turbine arrays installed at sea, Iberdrola has been developing these projects across Europe for a while, and has now open doors to the American offshore wind sector through its US renewable energy division Avangrid Renewables, which won the rights to build an offshore wind farm off Kitty Hawk, North Carolina, on 16 March.
Iberdrola is increasing its net investments by EUR 1 billion, from EUR 24 billion planned at the beginning of 2016 to EUR 25 billion, with 42% of the amount earmarked for renewable energy projects, with most of them located in the United States.
Even though Iberdrola’s overall gross operating profit (EBITDA) improved by 5.5% in 2016 compared to the year before, the company yesterday reported an 8.9% decrease in its renewables business EBITDA, driven by weaker performance in the UK due to foreign exchange and lower wind resource throughout the year.
Spanish energy company Iberdrola expects to receive a construction permit for the 500MW Saint-Brieuc offshore wind project by 30 June, 2017.
Iberdrola has awarded Offshore Wind Consultants (OWC), part of Aqualis, with a framework agreement to provide engineering and project management services for the developer’s East Anglia offshore wind projects.
Spanish companies Navantia and Windar have signed a definitive agreement with compatriot Iberdrola for the construction of 42 jacket foundations and piles for the 714MW East Anglia One wind farm off Suffolk, UK. The scope of the contract, in addition to the 42 jackets, includes the construction of 126 piles. The works will be carried out during 2017 […]
Spanish energy company Iberdrola’s renewables division recorded a gross operating profit (EBITDA) of EUR 1.14 billion in the first nine months of 2016, down 3.3% compared to the first nine months of 2015, due to the poorer performance and the exchange rate effect in the United Kingdom. The company’s renewables division is currently building 1,064 new megawatts […]
Spanish energy company Iberdrola has awarded the compatriot Navantia with a EUR 65 million contract to construct an offshore substation for the 714MW East Anglia ONE offshore wind farm in the UK’s North Sea. Under the terms of the contract, Navantia’s shipyard in Puerto Real ”will be responsible for the construction of the various elements […]
Iberdrola plans to relocate the Wikinger project corporation to Sassnitz, Jürgen Blume, director of Iberdrola Renovables Offshore Deutschland GmbH, said during the recent topping-off event of the wind farm’s operations building at the Port of Sassnitz-Mukran. “We have always been emphasizing that we do not only aim to construct a wind farm in the Baltic Sea but see ourselves […]
Spanish energy company Iberdrola marked a 3 percent dip in gross operating profit (EBIDTA) at its renewable energy division in the first six months of 2016, with lower production in the United Kingdom being identified as the main culprit behind the slide. The company recorded EUR 836.5 million EBIDTA coming from renewables in the first half of 2016. In the […]
Navantia has delivered the first jacket foundations to Iberdrola for its Wikinger offshore wind farm located in the German part of the Baltic Sea.
The construction of the operations building for the 350MW Wikinger offshore wind farm started with a ground-breaking ceremony at the port of Sassnitz-Mukran on Wednesday, 18 May 2016. The Rostock branch of construction company Goldbeck will erect the operations building, which has two storeys, as well as the attached warehouse at berth no. 1 of the port. Goldbeck […]
Renewables brought EUR 441.6 million net operating profit (EBITDA) to the Spanish utility Iberdrola in the first quarter of 2016, a 3.1% jump compared to the same period a year earlier, as the company’s renewables business reached 14,812 MW of installed capacity by the end of the first quarter. Overall, the company’s EBITDA stood at EUR 2 billion in the first three months, […]
Iberdrola officially launched the construction of its Wikinger offshore wind farm today. Components for the foundations have been manufactured and the installation will commence in the coming days. The work will be done by using the installation vessel Giant 7, which is currently being mobilized in Rostock, where another ship with the first 32 foundation […]
Spanish energy giant Iberdrola recorded a net profit of EUR 2.42 billion in 2015, 4.1% more than the previous year, attributed largely to the company’s thriving renewables division. The company’s EBITDA rose to EUR 7.3bn, a 4.9% increase on 2014. The Renewables division marked a 18.6% jump in EBITDA year-on-year, which stood at EUR 1.58bn, and was driven […]
EnBW and Iberdrola have concluded a contract under which EnBW will provide services for the construction of the Wikinger offshore wind farm in the German Baltic Sea. The two-year contract covers services dealing with the coordination of shipping traffic, health and safety and environmental protection at the construction site. The EnBW Offshore Team will share their […]
Iberdrola has awarded the Rostock branch of Goldbeck a contract to construct a building in the Port of Sassnitz-Mukran which will serve as the base for overseeing O&M activities at the 350 MW Wikinger Offshore Windfarm. Goldbeck will be responsible for the design, planning and construction of the new building, with work due to commence following the grant of formal approval, […]
Changes in energy mix are necessary to enable development and integration of mature renewables and meet both a projected 40% increase in the demand for energy until 2040, and the commitments derived from the Climate Summit in Paris, Ignacio Galán, Chairman of Iberdrola, said today during the annual meeting of the World Economic Forum. The transformation of the energy mix […]
Iberdrola was joined yesterday (7th October) by Adwen, Navantia, Offshore WindForce and Prysmian to introduce the €1.4 bn Wikinger offshore wind energy project to German companies and open a forum where local supply chain businesses can investigate collaboration possibilities with Wikinger contractors and partners. Supported by Christian Pegel, Minister for Energy, Infrastructure and Regional Development for […]