The utilitysaid offshore wind was one of its priority areas in 2013, when it allocatedinvestment to a range of projects across Europe aimed at driving innovation inthe sector.

They includedthe Aqua Ventus floating wind project and the UK’s Offshore Wind Accelerator.

Iberdrola said its total R&D allocationwas €159m ($219m)last year, up 10% on 2012’s figure.