IN DEPTH: Iberdrola on the march offshore

Chairman Ignacio Sánchez Galán has backed the UK

Chairman Ignacio Sánchez Galán has backed the UK

From Belfast to the Baltic, Spanish utility giant Iberdrola is making its presence felt in the offshore scene.

With an offshore portfolio of about 12.5GW, of which 8GW is attributable, the whole sector — from manufacturers to contractors to governments — is watching Iberdrola’s every move.

Although the company was not one of the first big utilities to enter the offshore arena — Dong, RWE, Vattenfall and E.ON have had “steel in the water” for years now — it has been quietly working behind the scenes in recent years, setting up its offshore wind business division in Glasgow, building partnerships with fellow developers and suppliers, and acquiring assets.

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