A joint venture (JV) between Iberdrola and Abu Dhabi Future Energy Company (Masdar) has completed the installation of wind turbines at the 476MW Baltic Eagle offshore wind farm in the German Baltic Sea.
Located 30km northeast of Rügen Island off the coast of Pomerania, the German offshore wind farm comprises 50 wind turbines, each with a capacity of 9.53MW. The turbines were delivered by Vestas and installed by Fred Olsen Windcarrier.
Upon commencing full operations, the Baltic Eagle offshore wind farm is expected to provide renewable energy to approximately 475,000 households per year. The offshore wind facility will also reduce carbon dioxide emissions by around 800,000 tonnes annually.
The construction of the Baltic Eagle project started in April 2022. The first offshore wind turbine at the facility was installed in May this year.
The Baltic Eagle project is part of Iberdrola’s Baltic Hub, a series of offshore wind projects that also include the 350MW Wikinger wind farm, which is already operational, and the 315MW Windanker project, currently in planning.
Once all three projects are completed by 2026, the Baltic Hub will have a total capacity of over 1.1GW, representing an investment of around €3.7bn.
Iberdrola executive chairman Ignacio Galán said: “The completion of turbine installation at the Baltic Eagle wind farm is an important milestone in what is a record year for Iberdrola’s offshore wind activity. With this project, Iberdrola is on track to have nearly 5,000 MW of offshore capacity globally by the end of 2026.”
In July 2023, Masdar joined the project by taking a 49% stake from Iberdrola. The deal valued Baltic Eagle at nearly €1.6bn.
The partnership between the companies has since expanded with a €15bn agreement announced at COP28 to explore further offshore wind and green hydrogen projects in key markets, including Germany, the UK, and the US.
Masdar CEO Mohamed Jameel Al Ramahi said: “Today’s announcement is an important landmark in the progress of Baltic Eagle, the project which launched our partnership with Iberdrola in July last year and brought together two companies with long histories of pioneering clean energy.”
