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Iberdrola Develops Windanker, its Third Offshore Wind Farm in the Baltic Sea, With 800 Million Euros Planned Investment

  • It strengthens the Baltic Hub - which also includes Wikinger and Baltic Eagle - with more than 1,100 MW of installed capacity and a combined investment of approximately 3.5 billion euros
  • The project is part of Iberdrola's global offshore wind expansion plan, with installed capacity set to reach 12,000 MW by 2030 out of a global pipeline of 38,000 MW

Iberdrola remains committed to the deployment of renewables in international markets. Its third offshore wind project in the Baltic Sea, Windanker, will have 300 MW installed capacity and €800 million total investment. The project will reinforce the company's Baltic Hub in Germany which also includes the operational Wikinger offshore wind farm (350 MW) , and Baltic Eagle (476 MW), 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, underpinning the company's strategic focus in the Baltic Sea.

On November 4th, the Federal Network Agency (Bundesnetzagentur) confirmend that the Windanker GmbH, a subsidiary of Iberdrola, has exercised its right of entry to the pre-developed site. O-1.3.

Iris Stempfle, Managing Director of Iberdrola Renovables Germany, emphasises: "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."

Wind Power Market, 2021 Update - Global Market Size, Turbine Market Share, Average Turbine Size, and Key Country Analysis to 2030

Wind Power Market, 2021 Update - Global Market Size, Turbine Market Share, Average Turbine Size, and Key Country Analysis to 2030

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Thanks to the experience already gained in the Baltic Sea and by using latest wind technology, such as multi-MW turbines (15MW class), Iberdrola will operate the Windanker wind farm highly efficiently. Further advantages 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 will come on stream in 2026 and will be the first offshore project in the German Baltic Sea at market conditions. Most of its electricity output is expected to be allocated to long-term power purchase contracts in the German market.

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."

Source: Iberdrola S.A
Date: Nov 9, 2021


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