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Large windfarm development off the coast of Suffolk

Leading utility Iberdrola announces new investment plans at today’s
Global Investment Summit. Leading renewable energy utility Iberdrola is set
to invest an additional £6bn in its offshore wind farm development off the
coast of Suffolk, the company confirmed at today’s Global Investment Summit
hosted by Boris Johnson. Speaking at the Summit, Iberdrola’s chairman and
CEO Ignacio Galán announced a new £6bn investment in offshore wind
projects, in addition to the £10bn already being invested by the company
to double renewable generation capacity between 2020 and 2025. The £6bn
investment will go towards Iberdrola subsidiary ScottishPower’s East Anglia
Hub, a wind farm development off the coast of Suffolk, consisting of three
wind farms: East Anglia ONE North, East Anglia TWO and East Anglia THREE.

 Business Green 19th Oct 2021

https://www.businessgreen.com/news/4038888/iberdrola-floats-gbp6bn-boost-uk-offshore-wind-industry

October 23, 2021 - Posted by | renewable, UK

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