Finalization $1.45bn offshore wind partnership in Baltic Sea

Wind Energy – Windanker

Iberdrola has finalised a strategic agreement with Kansai Electric, Japan’s second-largest electricity company, to co-invest in the 315MW Windanker offshore wind farm.

Located in the Baltic Sea, the project is valued at €1.28bn, with Iberdrola holding a majority 51% stake in the assets.

The wind farm, which is set to be operational in the final quarter of 2026, will feature 21 turbines with a unit capacity of 15MW.

The Spanish utility company will control and manage the assets, including providing operation, maintenance services and other corporate functions.

In addition to the Windanker project, both companies are partners in Electricity North West (ENW), a UK-based electricity distribution company.

Original Source: https://ocean-energyresources.com/2025/04/30/finalization-1-45bn-offshore-wind-partnership-in-baltic-sea/