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Iberdrola signs land lease agreement for Baltic Eagle operations building

Iberdrola and the port of Sassnitz (Fährhafen Sassnitz GmbH) have signed the lease agreement for the new operations and maintenance building that will serve the Baltic Eagle offshore wind farm, at a ceremony chaired by the Prime Minister of the state of Mecklenburg-Western Pomerania, Manuela Schwesig. The agreement delivers another important milestone in the offshore wind farm construction schedule.

During the event, Iris Stempfle, Managing Director of Iberdrola Renovables Deutschland GmbH, also announced that, on 1st September, the company will submit a bid for the construction of "Windanker", a new offshore wind farm in the Baltic Sea. The plan is to expand the Baltic Hub (currently, 350-MW Wikinger in operation since 2017 and 476-MW Baltic Eagle under construction) to more than 1 GW by 2026.

GREEN INVESTMENTS TO PROMOTE ECONOMIC RECOVERY
Iberdrola believes that the energy transition can act as a key driving force in the transformation of industry, a green economic recovery and job creation.

With this focus Iberdrola has launched a major €75 billion investment plan for the 2020-2025 period, with the aim of doubling its renewable capacity and taking advantage of the opportunities created by the energy revolution in the world's major economies.

After twenty years driving the energy transition, with investments of over €120 billion, Iberdrola is a leader in renewable energy, with an installed capacity of more than 33 GW, making its generation fleet one of the cleanest in the energy industry.

With CO2/kWh emissions already two thirds lower than the European average, the investment strategy in clean energy and networks will lead Iberdrola to become carbon neutral in Europe by 2030.



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