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Emirates News Agency - Masdar joins Iberdrola to co-invest in Baltic Eagle wind farm in Germany

MADRID, 26th July, 2023 (WAM) -- Masdar has signed a strategic agreement with Iberdrola, a global clean energy leader, to co-invest in the 476-megawatt (MW) Baltic Eagle offshore wind farm in the German Baltic Sea. Iberdrola will retain a majority 51% stake in the asset, which will help to accelerate green energy security in Europe.According to the deal terms, Baltic Eagle wind farm is valued at approximately €1.6 billion. Iberdrola will control and manage the asset, providing operation and ma...
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Source: wam.ae

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Updated News -Iberdrola Sells 49% Stake in Baltic Eagle Wind Farm to Abu Dhabi's Masdar

Spanish utility company Iberdrola announced on Wednesday that it has successfully sold a 49 percent stake in its ambitious 476 megawatt (MW) offshore wind farm project, known as Baltic Eagle, located in the German waters of the Baltic Sea. The buyer is Abu Dhabi's Masdar, a renowned renewable energy company owned by the United Arab…
Baltic Sea Abu Dhabi Masdar Norway Norges Bank Investment Management Baltic Eagle Abu Dhabi United Arab Emirate

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