Iberdrola wins the UK’s largest offshore wind auction with an investment of €22,500 million

Iberdrola has acquired 7,000MW of offshore wind power in Scotland In the largest tender undertaken by the Crown Authority to date, Crown Estate Scotland, which will include a total investment of €22,500 million. The group was able to develop three large-scale projects: two using floating technology, which it will develop in partnership with Shell, and the third on a fixed structure.

Allocated spaces and which It can provide clean energy to nearly 8.5 million homes, Triple the number of households in Scotland, as follows:

• MarramWind, a 3,000MW floating technology project off the north-east coast of Scotland to be developed in collaboration with Shell.
• CampionWind, a 2,000 MW floating technology project off the east coast of Scotland, also with Shell.
• MachairWind, a 2,000 MW project with fixed piling in water near the island of Islay, in the Hebrides, western Scotland. This development is the exclusive property of Iberdrola.

The president of Iberdrola, Ignacio Galán, emphasized that “the trend towards climate neutrality is unstoppable, But making it a reality entails decarbonizing the energy sector, and in the process offshore wind technology is essential due to its huge energy potential, competitiveness and great opportunities for industrial development and job creation. The Scotwind Award demonstrates our commitment to Scotland and the United Kingdom.”

“Iberdrola is a global leader in offshore wind – Gallan added – With over €5,500 million invested in the UK, Continental Europe and the US, it plans to reach 30,000 million by 2030 thanks to the strengthening of our existing markets and the entry of several Asian countries. He noted that the huge investment opportunity represented by this technology requires the creation of alliances, such as the one we have with Shell for these projects.

The MarramWind and CampionWind sites, located in waters deeper than Islay, will become the world’s first large-scale floating offshore wind farms. Signs of a new industrial sector will be forthcoming, with Scotland and the United Kingdom at the fore.

The three projects, due to start operating in 2030, are part of the ScotWind program and represent a joint investment of approximately €22,500 million, Nearly €12 billion of that has been allocated to Scottish businesses and organisations, including a Supply Chain Stimulus Fund of nearly €90 million.

Each project created its own digital portal to register and hire interested companies Across the supply chain that will have the opportunity to collaborate with Iberdrola and Shell. This is a defining moment that will cement the UK’s position as a global leader in offshore wind energy and boost the British economy, with the Spanish company at the center of this transformation.

With these projects, The company triples its portfolio of offshore wind energy in the UK, that exceed 10,000 megawatts.

Offshore Wind Energy Leadership

Iberdrola is a global leader in offshore wind energy development, It has an operating capacity, portfolio and upstream developments of approximately 37,000 MW. Focusing on countries with ambitious goals, the company expects to have 12,000 megawatts of offshore wind capacity in operation by 2030 and an cumulative investment of more than 30,000 million euros worldwide.

After 15 years of developing offshore technologies, the company headed by Ignacio Galán is once again as pioneer as it was in its day in onshore wind energy. Iberdrola currently operates 1,258 MW in the UK and Germany, which has included an investment of more than €5,500 million, and has 4,100 MW under construction or with construction guaranteed in the US, France and Germany, with committed investments of more than €15,000 million.

additional, It has a project portfolio of 31,500 MW in the United States, the United Kingdom, Poland, Sweden, Ireland, Taiwan, Japan, the Philippines and Brazil, A portfolio that can increase in the coming years thanks to the numerous auctions in which the company participates. The potential investments associated with this portfolio of projects, many of which could mature beyond 2030, can be estimated at €90,000 million.

business cooperation success

Iberdrola recognizes that combating climate change requires enhanced collaboration between the business world, governments and civil society. For this reason, the company has created a broad program of business alliances around the world to make massive investment efforts in renewable energy, smart grids, green hydrogen, and storage technologies, as well as in innovation and research, which must be mobilized in the next two decades with the goal of mitigating and reducing global warming.

Iberdrola implements its investment plans in alliance with companies such as Shell, Total and Macquarie And many other countries such as Japan, Taiwan and the Philippines, which indicates the need to join efforts to speed up the electrification of the economy as much as possible.

Offshore wind energy is the key to decarbonizing the energy sector For its ability to generate a huge amount of clean energy, which is increasingly competitive. For this reason, its growth is accelerating very dramatically and installed capacity worldwide is expected to go from around 40,000 MW today to 400,000 MW in 2035. In this decade alone, the investment of companies in this sector will exceed 670,000 EUR

It’s a complex technology Where experience accumulated by companies like Iberdrola is essential. Competitiveness in this sector depends on improving processes to reduce costs, but also on having the necessary planning, development, design, construction and operation capabilities, as well as access to the necessary capital.

With the publication of the offshore wind farm Iberdrola, the case of Navantia-Windar, which has been awarded contracts awarded by Iberdrola worth 1,300 million euros, stands out. Already ongoing projects alone have created 3,000 jobs, and the recent collaboration agreement between Iberdrola, Navantia and Windar has added 2,000 direct jobs and several thousand jobs in subcontractors.