Masdar, Iberdrola to Co-Invest in UK Wind Farm
Deal News | Jul 10, 2025 | Zawya
The Abu Dhabi Future Energy Company (Masdar) and Spanish energy giant Iberdrola are set to co-invest in the East Anglia Three wind farm in the United Kingdom, a project estimated at 5.2 billion euros ($6.1 billion). The wind farm, with a capacity of 1.4 GW, is planned to be located 69 kilometers off the Suffolk coast and includes an onshore cable route for energy transport. Masdar, of which the Abu Dhabi National Energy Company (TAQA) owns a 43% stake, will hold a 50% share of the wind farm, and Iberdrola will own the other half. Financing the project involves approximately 4.1 billion euros from 24 international banks. Initial operations are projected for Q4 of 2026. Masdar and Iberdrola's collaboration follows their previous partnership on the Baltic Eagle Offshore wind farm in the German Baltic Sea.
Sectors
- Renewable Energy
- Project Finance
Geography
- United Kingdom – The East Anglia Three wind farm project is located in the UK, approximately 69 km off the Suffolk coast.
- United Arab Emirates – Masdar, an Abu Dhabi-based company, is one of the main investors in the project.
- Spain – Iberdrola, the Spanish energy giant, is another main investor in the wind farm project.
Industry
- Renewable Energy – The article discusses investments in wind energy, a key component of the renewable energy industry.
- Project Finance – The article involves large-scale project financing involving 24 international banks for the development of a significant infrastructure project.
Financials
- $6.1 billion – Estimated cost of the East Anglia Three wind farm project.
- 4.1 billion euros – Amount signed in project financing for the wind farm from 24 international banks.
- 5.2 billion euros – Estimated cost of the project in euros.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Masdar | Co-Investor | Company | An Abu Dhabi-based renewable energy company investing in international green projects. |
| Iberdrola | Co-Investor | Company | A Spanish multinational electric utility company focusing on renewable energy. |
| Abu Dhabi National Energy Company (TAQA) | Shareholder | Company | Holds a 43% shareholding in Masdar. |