Iberdrola Buys into Swedish Offshore Wind Development

Wind Industry Profile of

The agreement will allow Iberdrola to take a majority stake in up to eight projects which are in various stages of development, and are expected to begin operating from 2029 onwards / Projects are grouped around two geographical areas: Gavle (six projects totalling 5.1 GW of power) and Oxelosund (two projects totalling another 3.9 GW)

Iberdrola has agreed a deal to take “majority acquisitions” in the projects with the renewables company Svea Vind Offshore AB (SVO) for the future development of up to 9GW of offshore wind energy capacity in Sweden. Eight projects in total are in various stages of development, and are expected to begin operations from 2029 onwards. They are grouped around two geographical clusters: Gavle (six wind farms with a total of 5.1... ... More: Official Press Release Iberdrola

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Iberdrola, investment, offshore, Sweden, majority stake, development, offshore wind, wind farm, cluster