Markets and finance

Masdar and Iberdrola reach $6bn deal on gigascale UK offshore wind project

Co-investment in 1.4GW East Anglia 3 project follows strategic partnership and negotiations with Middle Eastern renewables giant to buy half of UK project

Galan chairman Ignacio Galan and Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar
Galan chairman Ignacio Galan and Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of MasdarPhoto: Iberdrola
European Editor, Recharge
Published 10 July 2025, 06:47Updated 10 July 2025, 07:51
EuropeUKIberdrolaMasdarFinance