All 50 wind turbines have been installed at the 476 MW Baltic Eagle wind farm in the German Baltic Sea. A joint venture between clean energy companies Iberdrola and Masdar, Baltic Eagle is already connected to the national grid. When operational, Baltic Eagle will supply about 475,000 households with renewable energy while reducing carbon dioxide emissions by about 800,000 tons per year.
The 50 installed wind turbines, each with a unit capacity of 9.53 MW, were supplied by Vestas and installed by the shipping company Fred. Olsen Windcarrier. Baltic Eagle is Masdar’s first project with Iberdrola, its first in Germany and resulted in the company’s largest euro-denominated financing.
“The completion of turbine installation at the Baltic Eagle wind farm is an important milestone in what is a record year for Iberdrola’s offshore wind activity. With this project, Iberdrola is on track to have nearly 5,000 MW of offshore capacity globally by the end of 2026.” said Ignacio Galán, Iberdrola’s executive chairman. “Once fully operational, Baltic Eagle, the second offshore wind farm in our Baltic Hub, will make a considerable contribution to Germany’s energy transition, providing homegrown clean energy to almost half a million homes, whilst reducing emissions. This landmark milestone has been reached thanks to the strong partnership forged with Masdar, who share our vision of harnessing offshore wind energy to accelerate green energy security in Europe. It has also been made possible by the expertise and tireless commitment of the teams on site.”
“This achievement also strengthens Masdar’s partnership with Iberdrola, driving significant expansion in our offshore wind portfolio and advancing the global energy transition. Our collaboration, underscored by the 15 billion euro agreement signed at COP28 in the UAE, reaffirms our joint commitment to helping to triple global renewable energy capacity by 2030,” said HE Dr. Sultan Al Jaber, UAE’s minister of industry and advanced technology, and Masdar chairman.
“Offshore wind is a vital technology for the energy transition, and Masdar looks forward to a long and fruitful relationship with Iberdrola that will deliver more transformative utility-scale projects, supporting the journey to net-zero in Europe and beyond,” said Masdar CEO Mohamed Jameel Al Ramahi.
Masdar and Iberdrola signed a partnership to jointly invest in Baltic Eagle in July 2023. At COP28, the two companies announced a further 15 billion euro agreement to explore the joint development of offshore wind and green hydrogen projects in key markets such as Germany, the U.K., and the U.S.
Masdar has a long-standing commitment to advancing offshore wind projects across the globe. It is aiming for a renewable energy portfolio capacity of 100 GW by 2030, supporting the target set in the historic UAE Consensus to triple global renewables capacity by the end of this decade.
More info www.iberdrola.com | masdar.ae
