Iberdrola Creates Offshore Wind Division

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Spain-based Iberdrola Renewables has created an offshore wind division to develop a major portfolio of global offshore wind projects that total close to 10,000 MW.

The new division will be headed by Keith Anderson, and will be incorporated into ScottishPower Renewables, the company's U.K. business unit, which is also headed by Anderson. The division will have three departments: operations and maintenance, business development and commercial.

Iberdrola Renewables was recently awarded the rights together with Vattenfall to build one of the world's largest offshore wind farms in the U.K. The East Anglia Array, located in the North Sea off the coast of Norfolk, will have a capacity of up to 7,200 MW and is projected to commence construction in 2015.

The company also plans to invest 9 billion euros to accelerate its international expansion. The company will invest 4.9 billion euros in the U.S., 1.9 billion euros in the U.K., 1 billion euros in Spain and 1.2 billion euros in the rest of the world.

SOURCE: Iberdrola Renewables

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