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Iberdrola presents its “mega-project” “Offshore” “East Anglia 3” at the UK renewable energy auction

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Authorizes a participation dividend of EUR 0.005 after achieving a quorum of more than 72%

MADRID, June 17 (EUROPE PRESS) –

Iberdrola has submitted its East Anglia 3 offshore wind project to the UK renewable energy auction and plans to join the calls to develop this technology, which may be launched in Japan this year, according to the company’s President, Ignacio Sánchez, Prince has announced.

At the group’s annual general meeting, Galán pointed out that the energy group put this project up for auction in the UK this week, which would involve investments of around 4,000 million euros to expand a capacity of 1,400 megawatts (MW).

East Anglia 3 is one of the three approved offshore wind projects that make up the East Anglia Hub, a more than 3,000MW Iberdrola project in the UK requiring an investment of around £10,000 million ).

In the case of Japan, Galán explained that if offshore wind auctions take place in the country this year, the group “could already participate with some of the projects that it has in its portfolio.”

In September 2020, Iberdrola entered the Japanese market with an agreement with Macquarie’s Green Investment Group (GIG) to acquire 100% of Japanese developer Acacia Renewables, a group that already has two offshore wind farms under development with a combined capacity of had 1.2 gigawatts (GW) and that it had another four projects in its portfolio that added 2.1 GW of capacity.


Galán stressed that Iberdrola has been a “pioneer” in offshore wind power, a key technology for the group’s future growth, and where it operates three major offshore complexes: “East Anglia 1” and “West of Duddon Sands”. in the United States Kingdom; and ‘Viking’, in Germany.

Therefore, he stressed that the group will invest around 10,000 million euros in this technology in the next 3-4 years, mainly in the United States, Germany, France and Great Britain.

“MINIMAL” EFFECTS OF WAR IN UKRAINE

Referring to the war in Ukraine, Galán, who sent “a message of solidarity to the Ukrainian people” and expressed his wish for “the invasion to end as soon as possible”, assured that the impact on Iberdrola would be “minimal”. , as the group does not exist or imports gas from either country.

However, he believed that this crisis had demonstrated the need to “be more energy self-sufficient, which means more investment in grids, renewable energy or storage”, in line with the group’s strategy.


Source europapress.es

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