Spanish utility company Iberdrola is to spend a total of €1bn ($1.21bn) on two new offshore wind farms. The company won bids for 496 MW of new offshore capacity in the recent German federal energy auction, which allocated a total of 1.6 GW and was four or five times oversubscribed. The Baltic Eagle and Wikinger Sud projects could commence production in 2022, with a final investment decision due to be taken by the company early 2020 or in late next year, a relatively aggressive timeline compared with other projects in the region.
Spanish utility company Iberdrola is to spend a total of €1bn ($1.21bn) on two new offshore wind farms. The company won bids for 496 MW of new offshore capacity in the recent German federal energy auction, which allocated a total of 1.6 GW and was four or five times oversubscribed. The Baltic Eagle and Wikinger Sud projects could commence production in 2022, with a final investment decision due to be taken by the company late next year or in early 2020, a relatively aggressive timeline compared with other projects in the region.