Iberdrola has reached an agreement to acquire a 50% stake in developer Sea Wind which has seven-project pipeline in early stages of development, with a potential capacity up to 7.3 GW.
The agreement between Iberdrola and Sea Wind creates a solid alliance, which is also open to the incorporation of Polish partners in the future. With this transaction Iberdrola is also promoting the creation of an offshore wind hub in the Baltic Sea which would act as the epicentre of offshore services and local content for the company's projects in Germany, Poland and Sweden.
