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Iberdrola Starts Construction of EUR7.7bn Clean Energy Facility in the UK.

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  • 18 Aug 2022
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Iberdrola Starts Construction of EUR7.7bn Clean Energy Facility in the UK.

Iberdrola has begun construction in the UK of the East Anglia Three offshore wind farm, which will have a capacity of 1,400 megawatts (MW), enough to supply 1.3mn homes with clean energy, more than the populations of Liverpool and Glasgow combined. This new facility, located off the coast of Norfolk, near the London metropolitan area, will form part of the East Anglia Hub macro-complex, together with the future East Anglia One North and East Anglia Two developments. This hub is the Iberdrola group’s largest initiative for this technology in the world and will involve an investment of GBP6.5bn (around EUR7.7bn) for the installation of 3,000 MW, which represents 6% of the 50 GW offshore wind energy target set by the UK government for 2030.

Source: ESG News