Iberdrola and Kansai close their marine wind alliance with the investment of 1,280 million in the Baltic
Iberdrola and Kansai They have obtained the necessary regulatory approvals to complete the operation they announced last December to coinvert 1,280 million euros In the German Marine Wind Park of Windanker, located in the Baltic Sea and that has a capacity of 315 megawatts (MW), the energetic presiding Thursday reported Thursday Ignacio Sánchez Galán.
Within the framework of this strategic alliance with the second electricity of Japan, Iberdrola will have a majority percentage of 51% in assets, thus accelerating “Energy independence in Europe”as stressed by the Spanish company.
According to the terms of the operation, the 100% valuation of this wind farm amounts to about 1,280 million euros. Iberdrola will control and manage assetsproviding operation and maintenance services and other corporate services.
Additionally, both companies are Partners in Electricity North West (ENW)Electric Distribution Company in the United Kingdom, where Iberdrola acquired 88% last October, being the remaining 12% owned by a consortium led by Kansai.
Last February Ignacio Sánchez Galán, president of Iberdrola, and Toru Kuwahara, Kansai Executive Vice President, announced the expansion of their strategic alliance with the objective of accelerating electrification globally.
This collaboration will focus on various electrical networks and renewable energy projects in different countries. Windanker will have 21 wind turbines of 15 MW of unit power and will be operational in the last quarter of 2026. Likewise, the asset has already sold 100% of its production with long -term contracts.
