Masdar and Iberdrola Deepen Green Alliance with €5.2 Billion UK Offshore Wind Investment – EQ
In Short : UAE’s Masdar and Spain’s Iberdrola are jointly investing €5.2 billion in the 1.4 GW East Anglia THREE offshore wind farm in the UK. Located off Suffolk’s coast, the project has secured €4.1 billion in financing and is set to begin operations by late 2026. This investment supports their €15 billion clean energy alliance for Europe’s net-zero transition.
In Detail : UAE’s Masdar and Spain’s Iberdrola have announced a joint investment of €5.2 billion in the East Anglia THREE offshore wind farm in the United Kingdom. The project will have a capacity of 1.4 gigawatts and is part of their broader collaboration to accelerate clean energy development across Europe.
The wind farm will be located off the coast of Suffolk, eastern England. Once operational, it is expected to power more than 1.3 million UK homes with clean electricity. This marks a major milestone in the UK’s renewable energy ambitions and strengthens energy cooperation between the UAE and Europe.
The financing for the project has already been secured, amounting to €4.1 billion. The investment will be split equally between the two partners, showcasing their commitment to jointly fund and build sustainable infrastructure at a massive scale.
East Anglia THREE is part of Iberdrola’s larger East Anglia Hub, which aims to develop 3.3 GW of offshore wind energy. Construction is underway, and the wind farm is expected to be fully operational by the end of 2026. This will significantly contribute to the UK’s decarbonisation goals.
The deal is also a key element of the €15 billion strategic alliance signed between Masdar and Iberdrola earlier this year. Their partnership aims to co-invest in green hydrogen and offshore wind energy projects, helping Europe transition toward net-zero emissions.
This new investment not only highlights growing global interest in the UK’s offshore wind market but also signals confidence in large-scale renewable ventures. Both Masdar and Iberdrola see this as a vital step toward building a more sustainable and energy-secure future.
