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Iberdrola moves forward with Windanker

By: Tom Russell 05/11/2021 Iberdrola

General Windfarms

Germany's Federal Network Agency (Bundesnetzagentur) confirmed that Windanker GmbH, a subsidiary of Iberdrola, has exercised its right of entry to the Windanker pre-developed site (O-1.3). As Iberdrola's third offshore wind project in the Baltic Sea, Windanker, will have 300 MW installed capacity and represent around €800 million total investment.

The project will be part of the company's Baltic Hub in Germany, which also includes the operational Wikinger offshore wind farm (350 MW), and Baltic Eagle (476 MW), which is currently under construction. Following a total investment of some EUR 3.5 billion, the hub will have an installed capacity of over 1.1 GW by 2026.

Further synergies could result from the almost simultaneous construction with the East Anglia Hub in the UK and from further planned projects in the European Baltic Sea.

Windanker is expected to come on stream in 2026 and most of its electricity output is expected to be allocated to long-term power purchase contracts in the German market.

Iris Stempfle, Managing Director of Iberdrola Renovables Germany, said: "With this third offshore wind farm project in Germany, Iberdrola is underlining its commitment to Germany as one of the strategically important markets. The realisation of Windanker on a zero-bid basis confronts us with challenges due to the special conditions in the Baltic Sea. We are able to master these challenges through synergies with our Baltic Hub. But until offshore wind energy is fully integrated into the market, we consider an intelligent transitional market design to be necessary."

Prime Minister of Mecklenburg-Vorpommern Manuela Schwesig said: “We need more offshore wind farms for the energy transition to succeed. This is an economic opportunity for Mecklenburg-Vorpommern. The construction and operation of the wind farm will create additional jobs. Additionally, we have the opportunity to locate climate-friendly industries in Mecklenburg-Vorpommern in the upcoming years that produce on the basis of wind power."

Iberdrola is pushing the development of offshore wind across the globe, with a focus on countries with ambitious offshore wind targets and clear routes to market. It has over 1,300 MW of offshore wind capacity installed, which includes Wikinger, East Anglia ONE and West of Duddon Sands, and a further 2,600 MW under construction. Its projects are being progressed and developed in the UK, United States, Germany, France, Sweden, Japan, Poland, Denmark, Taiwan and Ireland.

To this end, the company has launched a investment plan of €150 billion over the next decade - €75 billion by 2025. These plans will allow the company to triple its renewable capacity and double network assets, maximising the opportunities of the energy revolution being delivered in the world's major economies.

For more information on offshore wind farms worldwide, click here.

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Iberdrola moves forward with Windanker

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