Iberdrola partnered with Kansai to develop 315 MW offshore wind farm in Germany

Iberdrola has given entry to the Japanese electric company Kansai into its 315 MW Windanker offshore wind project located in the German Baltic Sea valued at EUR 1.28 billion (US$ 1.3 billion).

Kansai will co-invest in the asset, securing a 49% ownership, while Iberdrola maintains a 51% controlling stake. Iberdrola will oversee construction, operation, maintenance, and corporate services. This collaboration strengthens ties between the two firms, building on Kansai’s 12% stake in Electricity North West (ENW), acquired by Iberdrola. The agreement supports Iberdrola’s asset rotation strategy and ongoing alliance expansion. The Windanker wind farm will consist of 21 turbines, each with a 15 MW capacity, and has already secured long-term contracts for 100% of its production. Currently under construction, the project recently achieved a major milestone with 50Hertz authorizing the submarine cable route connecting the offshore substation to Germany's national grid. Foundation installation is slated for July 2025, with interconnection cables scheduled for December 2025. Geotechnical studies are ongoing as part of the development process.

Van Oord will handle the transport and installation of monopile foundations and interconnecting cables for the project, deploying its heavy-lift vessel Svanen, which has installed over 700 foundations in Europe. The project supports the Baltic Hub in Germany, led by Iberdrola, adding over 1,100 MW of capacity with a joint investment of EUR3.5 billion (US$3.66 billion). The hub includes the operational Wikinger (350 MW) wind farm and Baltic Eagle (476 MW), currently under construction.