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Sunday, January 16

Iberdrola will bet on offshore wind, it is five times more profitable than solar

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SELECT wp_posts.*, MATCH (wp_posts.post_title,wp_posts.post_content) AGAINST ('Iberdrola bet offshore wind, five times more profitable than solar Related news Iberdrola has presented largest investment program history a Spanish company period 2020-2025, according energy company. Among its objectives, aspires add up 60 GW renewable generation 2025, which almost doubling had 2019 (32 GW). plan aimed mainly renewables, fact, represent more than half (51%) organic investments, 34,680 million euros. Although continue invest and grow onshore wind (26 GW), photovoltaic solar (16 GW) and pumped hydroelectric (14 GW), company sources&hellip;') as score FROM wp_posts WHERE 1=1 AND ( wp_posts.post_date <= '2022-01-16 10:52:41' ) AND wp_posts.ID NOT IN (209471) AND wp_posts.post_type IN ('post', 'page') AND ((wp_posts.post_status = 'publish' OR wp_posts.post_status = 'inherit')) AND MATCH (wp_posts.post_title,wp_posts.post_content) AGAINST ('Iberdrola bet offshore wind, five times more profitable than solar Related news Iberdrola has presented largest investment program history a Spanish company period 2020-2025, according energy company. Among its objectives, aspires add up 60 GW renewable generation 2025, which almost doubling had 2019 (32 GW). plan aimed mainly renewables, fact, represent more than half (51%) organic investments, 34,680 million euros. Although continue invest and grow onshore wind (26 GW), photovoltaic solar (16 GW) and pumped hydroelectric (14 GW), company sources&hellip;') ORDER BY score DESC LIMIT 0, 6


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Iberdrola has presented the largest investment program in the history of a Spanish company for the period 2020-2025, according to the energy company. Among its objectives, it aspires to add up to 60 GW of renewable generation in 2025, which is almost doubling what it had in 2019 (32 GW).

This plan will be aimed mainly at renewables, in fact, it will represent more than half (51%) of organic investments, about 34,680 million euros.

Although it will continue to invest and grow in onshore wind (26 GW), photovoltaic solar (16 GW) and pumped hydroelectric (14 GW), company sources assure Invertia that where there will be a greater boost is in offshore wind.

“It is a technology that contributes 5 times the EBITDA / MW compared to photovoltaic solar energy and 3 times the onshore wind energy, which explains the bet that Iberdrola is going to make in offshore wind “, the same sources point out.

Of the 1.1 GW it already has today, it expects to quadruple that power in the next five years, to 4 GW.

Iberdrola could develop offshore wind projects for 1,300 MW in New York

Investment in renewables

The strategic plan proposes an average investment of 10,000 million euros per year, between 2020 and 2022, and 13,000 million euros per year in the period 2023 and 2025.

Some investments that are focused on countries with climate ambitions and rating A, with Spain, UK and USA to the head.

For develop renewables in Spain more than 7,000 million will be allocated, while in States The United Kingdom and the United Kingdom, for their part, account for 34,000 million euros of investment, 50% of the total.

Currently, Spain has 2 offshore wind turbines that add 10 MW of power. Specifically in the Canary archipelago, and although there are great expectations to develop this sector, the truth is that the possibilities only open to the floating offshore wind, due to the characteristics of the seabed that surrounds the Iberian Peninsula.

And despite its high profitability, investment in offshore wind projects has very high initial capital costs, a project of 250 MW costs around 1 billion euros, which in floating offshore wind is still much higher.

Iberdrola bets on offshore wind and auctions in the US to double its 'green' portfolio

Iberdrola bets on offshore wind and auctions in the US to double its ‘green’ portfolio

Offshore Parks

Iberdrola is the great Spanish developer of offshore wind projects. So much so that it ranks eighth in the world ranking for installed capacity. In recent years it has commissioned offshore wind installations that total more than 11.000 MW all over the world.

A portfolio that is located in Europe, especially in the north, and has the United Kingdom, France and Germany as reference countries. His first project was the park West of Duddon Sands, de 389 MW. It is located in the North Sea in the maritime territory of the United Kingdom and was built together with the Danish company Dong (today Orsted).

Another of its major offshore projects is the park East Anglia One, de 714 MW. Iberdrola wants to make it one of the largest offshore wind complexes in the world, with a capacity of 7,200 MW that will enable it to supply electricity to nearly five million households. To date he has built it with the Swedish company Vattenfall.

It is followed in chronological order by the offshore park of Vikings, from more than 350 MW of energy, located in German waters of the Baltic Sea. The most surprising thing about this project is that it has 70 wind turbines marine located in an area that is considered to be of ‘great depth’ (more than 40 meters).

Also in German waters is developing the park Baltic Eagle de 476 MW.

In addition, the company also develops in the United Kingdom the Argyll Array wind farm, with a potential capacity of between 500 MW and 1,800 MW.

Image of the offshore wind project in France.

Image of the offshore wind project in France.

Marine projects

And from the UK to France. In Gallic territory, Iberdrola has its first offshore wind project in the waters of the La Mancha Channel, the offshore wind farm in Saint Brieuc. With an investment of 2.4 billion euros, its 62 generators are expected to reach an installed capacity of 496 MW.

Already on American soil, Iberdrola has submitted a proposal to develop offshore wind projects in waters of the State of New York (United States) for about 1,300 megawatts (MW).

Specifically, through the project Liberty Wind, Avangrid has submitted several offers. Last year, Iberdrola, through its investee company Vineyard Wind, already submitted to the first auction for offshore wind in New York with a project of up to 1,200 MW, although it was not finally awarded.

Some data

Investment in offshore wind energy in 2018 accounted for almost a quarter of global investment in the wind sector and 6% of all investment in renewable energy, according to the Offshore Wind Outlook report. 2019 from International Energy Agency (OUCH).

The European Union is a leader in the development of this technology, accounting for about half of the total investment in wind energy in 2018 and a quarter of the total investment in renewable energy.


Reference-www.elespanol.com

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