Iberdrola Enters Polish Offshore Wind Market

Wind Industry Profile of

With this operation the company advances its geographical diversification strategy in investment-friendly markets while creating a Baltic hub alongside offshore wind projects in Germany and Sweden

Iberdrola has reinforced its commitment to offshore wind with an agreement in Poland, a new market for the company, as it continues to grow its renewable energy business. The company has reached an agreement to acquire a 50% stake in developer Sea Wind which has seven-project pipeline in early stages of development, with a potential capacity up to 7.3 GW. The deal allows Iberdrola to further enhance its strategy of geographical diversification in markets with favourable investment conditions, such as the A-credit-rated Poland. The move also allows the company to position... ... More: Official Press Release Iberdrola

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Iberdrola, offshore, Poland, investment, portfolio, wind farm, developer, Batic hub, grid, Baltic Sea, Germany, Sweden