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Iberdrola has reached an agreement to acquire a 50% stake in Sea Wind, marking the company’s entry into the Polish offshore wind market. Sea Wind is said to have a seven-project pipeline in the early stages of development that has a potential capacity of up to 7.3 GW. According to Iberdrola, Sea Wind has an […]
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Spanish energy company Iberdrola has submitted a bid in response to New York State’s second offshore wind solicitation. The bid was submitted on Tuesday, 20 October, Ignacio Galán, Iberdrola’s CEO said while presenting the company’s results for the first nine months of 2020. No further details on the bid have been shared. Back in July, […]
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Spanish energy company Iberdrola has reached an agreement with Macquarie’s Green Investment Group (GIG) to acquire 100 per cent of the Japanese offshore wind developer Acacia Renewables. Acacia Renewables currently has two offshore wind farms under development, with a combined capacity of up to 1.2 GW, which could be operational by 2028. It also has […]
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Spain’s Iberdrola and Poland’s Enea Group have decided to terminate exclusive talks on jointly pursuing offshore wind projects in Poland. Back in June, Enea and Iberdrola signed a Letter of Intent (LoI) to jointly develop offshore wind projects in the Polish Baltic Sea with a possible total capacity of up to 3.3 GW. After the […]
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Contracts & Tenders, Wind Farm Update
Spanish energy company Iberdrola is finalizing the selection of the main contractors for the Baltic Eagle and Wikinger Süd offshore wind projects in the German Baltic Sea. The 476 MW Baltic Eagle and the 10 MW Wikinger Süd were selected in the second public tender organised by Germany’s Federal Network Agency (Bundesnetzagentur) in April 2018. As previously […]
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Iberdrola has entered into an agreement with Swedish renewables company Svea Vind Offshore, which will allow the Spain-headquartered company to take a majority stake in up to eight offshore wind projects in Sweden. The eight projects are in various stages of development, with the first of them planned to begin operating from 2029. This could […]
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Contracts & Tenders, Wind Farm Update
Spain’s Navantia-Windar consortium has received a firm order from the compatriot energy company Iberdrola for the turbine jacket foundations to be installed on the Saint-Brieuc wind farm offshore France. The contract, valued at EUR 350 million, will see Navantia-Windar manufacture and assemble 62 jacket foundations and the accompanying pin piles which will support the wind […]
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Poland’s Enea Group and Iberdrola have signed a Letter of Intent (LoI) to jointly develop offshore wind projects in the Polish Baltic Sea with a possible total capacity of up to 3.3 GW. The two companies will now begin negotiations on an exclusive basis to assess the possibility of jointly investing in, developing, and operating […]
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Business & Finance, Contracts & Tenders
Spanish energy giant Iberdrola is very interested in participating in future offshore wind capacity auctions in France, the company’s CEO and Chairman Ignacio Galán, said. This comes as Iberdrola announced it will invest between EUR 3 and EUR 4 billion in renewable energy projects in France over the next four years, both in onshore and […]
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The offshore wind farms developed and owned by Spain-based Iberdrola have produced 1,119 gigawatt-hours (GWh) during the first quarter of 2020. Iberdrola’s total installed offshore wind capacity stood at 1,174 MW on 31 March. In the United Kingdom, the company’s offshore wind farms generated 680 GWh, up 203.4% compared to the same period last year, […]
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Contracts & Tenders, Wind Farm Update
Iberdrola has received bids from wind turbine suppliers and started activities to purchase electrical components for its East Anglia Hub offshore wind project. ScottishPower Renewables, Iberdrola’s UK company, has combined the East Anglia 1 North, East Anglia 2 and East Anglia 3 projects into one 3.1 GW development. The 1.4 GW East Anglia Three already […]
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Iberdrola will put its investments in 2020 on a fast track with an aim to surpass last year’s investment record and reach EUR 10 billion. This will lead to some 4.5 GW of new capacity currently under construction to be commissioned this year.
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Iberdrola will lead an international consortium aiming to install a floating wind turbine of more than 10MW in Norway and will soon join another floating wind demonstration project in Spain.
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Business & Finance, Wind Farm Update
Spanish energy company Iberdrola has concluded an agreement to take 100% ownership of Ailes Marines, the developer of the 496MW Saint-Brieuc offshore wind farm in France. Iberdrola, which previously owned 70% of the consortium’s capital, has acquired the remaining 30% from Avel Vor (RES and Caisse des Dépôts), after receiving the green light from the […]
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Grid Connection, Wind Farm Update
Preliminary agreements to ensure the grid connection for the Saint-Brieuc offshore wind project in France and the Baltic Eagle and Wikinger Süd projects in Germany have been concluded, Iberdrola said. For Saint-Brieuc, a preliminary agreement has been concluded with grid operator RTE to ensure the grid connection will be available in the second quarter of […]
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Siemens AG is acquiring all Iberdrola’s shares in Siemens Gamesa Renewable Energy (SGRE).
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Spanish energy company Iberdrola’s offshore wind farms generated 1,493 GWh of electricity in the first nine months of 2019, a 37.9% increase compared to the same period last year. The increase is due to the 350MW Wikinger offshore wind farm’s contribution over the full nine-month period this year and the partial commissioning of the 714MW East Anglia ONE […]
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Business & Finance, Wind Farm Update
Iberdrola has entered into an agreement with Green Investment Group (GIG), part of Macquarie Group, to sell a 40% share in the East Anglia One offshore wind farm. Iberdrola will continue to be the majority shareholder with a 60% stake in the 714MW wind farm located offshore Suffolk in the UK. According to transaction terms and conditions, […]
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37 out of 102 jacket foundations have been installed at the East Anglia One offshore wind farm in the UK, according to Iberdrola. The installation of the piles for the 102 turbines has been completed, while the rest of the jackets are expected to be in place in the third quarter of the year. According to […]
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Iberdrola’s Renewables business posted an operating profit of EUR 683.6 million in the first quarter of 2019, up by 13.3% compared to the same period a year earlier, driven in part by the contribution from the Wikinger offshore wind farm. The Spanish energy company’s offshore wind farms produced 643 GWh of electricity in the first […]
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Business & Finance, Wind Farm Update
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.
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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.
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Authorities, Business & Finance, Contracts & Tenders, Wind Farm Update
Iberdrola has been awarded the rights to construct two offshore wind farms totalling 486MW in German waters in the Baltic Sea.
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Grid Connection, Wind Farm Update
Iberdrola has connected its 350MW Wikinger offshore wind farm to the German power grid.
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Business & Finance, Contracts & Tenders
Spanish energy company Iberdrola is actively preparing to participate in the next round of offshore wind auctions in Germany scheduled for April 2018.
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Iberdrola posted net profit of EUR 827.6 million in the first quarter of 2017, 4.7% down on the same period last year.
