Iberdrola Renovables Germany

Present in Germany since 2001

Iberdrola currently supplies energy to industrial and business clients in Germany. The company is building Baltic Eagle and is developing Windanker, its third major offshore wind farm project in the country. The combined capacity of over 1,100 MW from Wikinger, Baltic Eagle and Windanker offshore windfarms underlines that investments in renewable energy help to establish sustainable industry with significant growth potential, coupled with the creation of high-quality jobs for German companies.

Wikinger offshore wind farm.Wikinger offshore wind farm.

Also, some areas in the country offer ideal conditions for onshore wind and photovoltaic plants. Against this backdrop, Iberdrola also plans to become more active in the production of renewable energies from photovoltaics, onshore wind energy and green hydrogen in the coming years. By 2026, the company will expand its total capacity in Germany to 1.1 GW.

Offshore wind has consolidated as a core business for Iberdrola. It is key to future growth based on operational quality and efficiency. The company has already installed 1.3 GW, with another 2.6 GW at an advanced stage of construction. Of 20,000MW project portfolio, Iberdrola plans to have 12,000MW in operation by 2030. In Germany, thanks to an innovation-friendly atmosphere and flagship institutions, the coastal regions are currently developing an impressive, dynamic offshore wind industry which will take a leading role in the German energy transition in the coming decades.

Wikinger offshore wind farm.Wikinger offshore wind farm.

Iberdrola is one of the world's biggest energy companies, a leader in renewables, which is spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. The activities of the group include the generation, trading, distribution and sale of electricity and gas. It is active in Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia, and, as growth platforms, it is present in markets such as Japan, Ireland, Sweden and Poland, among others.

With a workforce of more than 37,000 and assets in excess of 122.5 billion euros, in 2020, it achieved a turnover of 33 billion euros and a net profit of over 3.6 billion euros. The company contributes to sustain 400,000 jobs along its supply chain, with annual procurement of 14 billion euros. A benchmark in the fight against climate change, it has allocated more than 120 billion euros over the last two decades to building a sustainable energy model, based on sound environmental, social and governance (ESG) principles. With CO2/kWh emissions already two thirds lower than the European average, its investment strategy in clean energy and networks will lead Iberdrola to become carbon neutral in Europe by 2030.