The installation of 50 Vestas V174-9.5 MW wind turbines at the Baltic Eagle offshore wind farm, located near Germany’s Rügen Island, is now complete. The turbines, mounted on monopile foundations, were installed by Fred. Olsen Windcarrier’s vessel, Blue Tern.
The wind farm is already connected to the national grid, and it is predicted to generate enough electricity to power approximately 475,000 households, reducing carbon dioxide emissions by around 800,000 tons annually. Baltic Eagle has already secured power purchase agreements with major companies, including Amazon and O2 Telefónica, reflecting the growing demand for renewable energy among large corporations.
Baltic Eagle is the second of three major offshore wind projects that Iberdrola is developing in Germany. Along with the already operational Wikinger wind farm (350 MW) and the upcoming Windanker project (300 MW), this wind farm will form what Iberdrola calls the “Baltic Hub.” Together, these projects will contribute more than 1.1 GW of renewable energy capacity by 2026. The total investment in these initiatives amounts to approximately €3.7 billion.
Iberdrola’s global wind farm portfolio (2024)
| Onshore wind farms | Over 20,800 MW installed globally; 28% of renewables investment through 2026. Major projects in the US, Spain, Poland, and Latin America. |
| Offshore wind farms | 1,793 MW installed; 3,000 MW more by 2027. Key projects include Vineyard Wind (US) and East Anglia (UK). First floating wind farm in Spain (300 MW) under development. |
| Construction projects (Q3 2024) | €12 billion invested in renewables for 2024. Major focus on expanding offshore capacity. |
The partnership between Iberdrola and Masdar, officially launched in July 2023, has played a key role in advancing these projects. This collaboration strengthens their presence in Germany while also involving plans for joint ventures in other critical markets. At COP28, Iberdrola and Masdar announced an additional €15 billion agreement aimed at expanding offshore wind and green hydrogen projects in countries such as the UK and the US.
