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    Iberdrola begins work on its largest offshore wind investment in the UK

    August 12, 2022 - CE Noticias Financieras


      Iberdrola has begun construction in the United Kingdom of the East Anglia Three offshore wind farm, a facility with 1,400 megawatts (MW) of power that, together with the rest of the complex, will mobilize investments of 6.5 billion pounds (7.7 billion euros), the company's largest investment in this technology.

      The Spanish company will build a large complex with the development of two other farms, East Anglia One North and East Anglia Two, for a total installed capacity of 3,000 MW, 6% of the country's offshore wind generation target, the company said Thursday in a statement.

      In the case of East Anglia Three, the energy company expects it to start operations in 2025 and its production would serve to provide clean energy to 1.3 million homes. Up to 7,000 people will be employed in its construction phase.

      The wind farm under construction will also join East Anglia One, which Iberdrola operates through its subsidiary ScottishPower and has 714 MW of power and the capacity to produce energy for 630,000 British homes.

      The wind farm

      The first phase of the works will focus on ground works. In collaboration with Siemens and Aker Solutions, the park's onshore substation will be installed in the county of Suffolk and connected to the National Grid electricity network.

      East Anglia Three will cover an area of 305 square kilometers, where more than a hundred new-generation wind turbines will be installed at a height of up to 247 meters.

      It will also have four offshore substations, a platform to house operations and four submarine cables to export the energy produced to the coast.

      The company's seventh wind farm

      When it starts producing, the farm will become the seventh of the company, which already has the aforementioned East Anglia One and two other farms located in the Irish Sea and the German waters of the Baltic in service.

      The Spanish company is also building three large facilities in France, the United States and Germany, with investments of 2.5 billion euros in the first two and 3.5 billion euros in the last one.

      Offshore wind has been one of the group's bets since the firm began its drive two decades ago. Of the 7,000 MW that the company has under construction or secured with long-term sale and purchase agreements, 78.5% correspond to offshore projects.

      Thus, this energy has already accounted for 30% of the new capacity installed by the group during the first half of the year. In the coming years, Iberdrola will invest around 30 billion euros worldwide with the aim of reaching 12,000 MW of offshore wind energy in operation by 2030.


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