Iberdrola and Masdar have completed the installation of turbines at the Baltic Eagle offshore wind farm

The installation of turbines has been successfully completed at the 476-megawatt Baltic Eagle offshore wind farm, a joint venture between Iberdrola, a global leader in renewable energy, and Abu Dhabi Future Energy Company – Masdar, a powerhouse in green energy in the United Arab Emirates.

Once fully operational, Baltic Eagle will be able to supply around 475,000 households with renewable energy while reducing carbon dioxide emissions by approximately 800,000 tons per year.

The 50 installed wind turbines, each with a capacity of 9.53 MW, were supplied by Vestas and installed by the contractor Fred. Olsen Windcarrier.

Baltic Eagle is the second of Iberdrola’s three major offshore projects in Germany, alongside Wikinger (350 MW, operational) and Windanker (315 MW, in development). Together, these installations form the so-called Baltic Hub Iberdrola (1.1 GW).

Baltic Eagle is also the first project from Masdar in collaboration with Iberdrola and the first in Germany to result in the largest financing in the company’s history denominated in euros.

“The completion of turbine installation at the Baltic Eagle wind farm is a significant milestone in a record year for Iberdrola’s offshore activities. With this project, Iberdrola is on track to reach nearly 5,000 MW of offshore capacity globally by the end of 2026,” said Ignacio Galán, Executive Chairman of Iberdrola.

“Once fully operational, Baltic Eagle, the second offshore wind farm in our Baltic Hub, will make a significant contribution to Germany’s energy transformation, providing homegrown, clean energy to nearly half a million homes while reducing emissions. This milestone has been achieved thanks to our strong partnership with Masdar, which shares our vision of harnessing offshore wind energy to accelerate the green transformation in Europe. It has also been made possible by the expertise and tireless commitment of the on-site team,” added Galán.

HE Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology of the United Arab Emirates, Chairman of Masdar, and President of COP28, said, “The installation of the final turbine at the Baltic Eagle offshore wind farm is an important step. With the project being delivered on schedule, Baltic Eagle will supply 475,000 German households with clean, renewable energy. This achievement also strengthens Masdar’s partnership with Iberdrola, driving significant expansion of our offshore portfolio and accelerating the global energy transformation. Our cooperation, which includes a $15 billion agreement signed at COP28 in the UAE, confirms our shared commitment to help triple global renewable energy capacity by 2030.”

Mohamed Jameel Al Ramahi, CEO of Masdar, said, “Today’s event is an important step in the development of Baltic Eagle, a project that began our partnership with Iberdrola in July last year and brought together two companies with a long history of investing in clean energy. Offshore wind energy is a key technology for energy transformation, and Masdar looks forward to a long and fruitful collaboration with Iberdrola, which will bring more transformational, industrial-scale projects that support the goal of net-zero emissions in Europe and globally.”

By 2026, Iberdrola’s Baltic Hub will have a total capacity of over 1.1 GW. The project will include investments worth around 3.7 billion euros. Baltic Eagle is a key part of Iberdrola’s integrated growth strategy in the German market. The company aims to cooperate with key players in Germany to support the country in achieving its climate goals.

A key element of these plans is the strategic partnership between Iberdrola and Masdar. The two companies began their partnership for the Baltic Eagle project in July 2023. Then, during COP28, they announced another €15 billion agreement to jointly develop offshore projects in Germany, the UK, and the US.

Masdar has long been engaged in developing offshore wind projects worldwide. By 2030, the company aims to achieve a renewable energy portfolio capacity of 100 GW, supporting the UAE’s historic consensus goal to triple global renewable energy capacity by the end of the decade.

Source: press release