Spanish utility company Iberdrola is to spend a total of €1bn ($1.21bn) on two new offshore wind farms. The first will be built in the North Sea off Scotland, and the second at an existing site near Aberdeen. 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.
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.