Iberdrola Advances €1bn Windanker Offshore Wind Project in Baltic Sea

has reached significant milestones in its €1 billion Windanker wind project located in the German Baltic Sea, marking substantial progress towards its completion by 2026. The project, set to generate 315MW of clean energy, has secured all major supply chain contracts, with fabrication scheduled to commence in July 2024.

“This positive progress on Windanker is another pleasing milestone for Iberdrola in our most active year ever for delivering offshore wind,” commented Ignacio Galan, Executive Chairman of Iberdrola.

The Windanker initiative, which will involve 21 state-of-the-art offshore wind turbines each boasting a capacity of approximately 15MW, underscores Iberdrola's broader €8.4 billion investment in offshore wind projects between 2024 and 2026. This investment aims to bolster the company's offshore wind capacity by over 160% within three years, contributing significantly to its strategic goals.

With construction also underway at other major projects like East Anglia 3 in the and the Baltic Eagle project in , Iberdrola continues to expand its global offshore wind portfolio. The company anticipates the Windanker project to further enhance its operational capacity, supporting industrial and commercial customers through long-term power purchase agreements (PPAs).

In alignment with its “Baltic Hub” strategy, Iberdrola positions Windanker alongside its existing Wikinger wind farm and the nearing completion Baltic Eagle project, forming a robust offshore wind cluster in Germany. Together, these projects will contribute over 1.1GW of capacity by 2026, with a combined investment of approximately €3.7 billion.

“All our construction activity across the world is progressing well, and we look forward to adding Windanker to our portfolio of operational projects by the end of 2026,” affirmed Galan.

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