Masdar and Iberdrola Announce €5.2 billion UK Offshore Wind Deal and Full Energization of 476MW German Offshore Wind Farm
Germany, July 10 -- Masdar, a global clean energy leader, and Iberdrola, one of the world's largest energy companies, have reached two major milestones with a €5.2 billion co-investment in the UK's East Anglia THREE offshore wind farm - one of the largest offshore wind transactions of the decade - and the full energization of their 476MW Baltic Eagle project in Germany.These developments mark significant progress in delivering Europe and the UK's offshore wind targets and advancing the companies' €15 billion strategic partnership to accelerate clean energy deployment across key markets including the UK, Germany, and the US.Signed in December 2023, the Masdar-Iberdrola partnership is one of the largest bilateral alliances in the ...
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