Iberdrola and Masdar complete the installation of the wind turbines for the Baltic Eagle offshore wind farm
The installation of the 50 turbines at the 476 MW Baltic Eagle offshore wind farm has been successfully completed. This project is part of the strategic agreement between Iberdrola and Abu Dhabi Future Energy Company - Masdar.
When fully operational, Baltic Eagle, which is already connected to the grid, will supply renewable energy to around 475,000 households and reduce CO2 emissions by around 800,000 tonnes per year.
Each of the 50 wind turbines has a unit capacity of 9.53 MW and was supplied by Vestas and installed by Fred Olsen Windcarrier.
Baltic Eagle is the second of Iberdrola's three large wind farms in Germany, along with Wikinger (350 MW, in operation) and Windanker (315 MW, in planning). Together, these offshore wind farms form Iberdrola's Baltic Hub.
Baltic Eagle is Masdar's first project with Iberdrola, its first in Germany and the largest financing for the company.
‘The completion of the turbine installation at the Baltic Eagle wind farm is an important milestone in a record year for Iberdrola's offshore wind business. With this project, Iberdrola is close to reaching 5,000 MW of global offshore wind capacity by the end of 2026,’ said Ignacio Galán, chairman of Iberdrola.
‘Once fully operational, Baltic Eagle, the second offshore wind farm in the Baltic Hub complex, will make a significant contribution to Germany's energy transition, providing clean energy to almost half a million households while reducing CO2 emissions,’ he added.
The President emphasised that ‘this historic milestone has been achieved thanks to the strong relationship with Masdar, which shares our vision of relying on offshore wind to accelerate energy independence in Europe. It has also been made possible by the expertise and tireless commitment of the team working on the project’.
His Excellency Sultan Al Jaber, Minister of Industry and Advanced Technology of the United Arab Emirates, Chairman of Masdar and President of COP28, said: ‘The installation of the last turbine of the Baltic Eagle offshore wind farm marks an exciting milestone. With the project progressing on schedule, Baltic Eagle will supply 475,000 German households with clean, renewable energy. This achievement also strengthens Masdar's partnership with Iberdrola, driving a major expansion of our offshore wind portfolio and advancing the global energy transition. Our collaboration, accentuated by the 15 billion euro agreement signed at COP28 in the United Arab Emirates, reaffirms our joint commitment to help triple global renewable energy capacity by 2030."
Masdar CEO Mohamed Jameel Al Ramahi said: ‘Today's announcement is an important milestone in the progress of Baltic Eagle, the project that launched our partnership with Iberdrola in July last year and brought together two leading clean energy companies. Offshore wind is a vital technology for the energy transition and Masdar expects the relationship with Iberdrola to deliver more transformative projects, supporting the journey to zero emissions in Europe’.
By 2026, Baltic Hub will have a total capacity of more than 1,100 MW and will generate investments of around 3.7 billion euros. The Baltic Eagle offshore wind farm is an important part of Iberdrola's growth strategy in Germany. Iberdrola is working with key players in the German economy to help them achieve their climate targets.
A key element of this is Iberdrola's strategic partnership with Masdar. The two companies signed an alliance to jointly invest in Baltic Eagle in July 2023. At COP28, they announced an additional 15 billion euro agreement to explore joint development of offshore wind and green hydrogen projects in key markets such as Germany, the UK and the US.
Masdar has a long-term commitment to advance offshore wind projects around the world. Its goal is to reach a renewable energy portfolio of 100 GW by 2030 in order to triple global renewable energy capacity by the end of this decade.
