Global renewable energy giant Iberdrola is in advanced-stage planning of a strategy to expand its current 10GW offshore wind development pipeline with as much as 2GW of floating plant by 2030.

The head of offshore wind at the Spanish utility, which last week announced it would invest in lead-off floating projects off Europe with the wider ambition of taking an “active interest” in plays off the US and Asia, told Recharge it was entering the fast-emerging sector thinking “gigawatts and billions [of dollars] not megawatts and millions [of dollars]”.