On the surface, Iberdrola seems an obvious candidate to become a trailblazer in the US offshore sector.

Through its recently created Avangrid subsidiary, Iberdrola is the second largest owner of onshore wind capacity in the US, and it wants to build a lot more renewables capacity in the country. 

Meanwhile, after a late entrance into the European offshore wind market, Iberdrola has emerged as a major player in that industry – having only last week taken a final investment decision on the £2.5bn