Iberdrola expands offshore wind power to the Philippines | comp

Iberdrola continues its commitment to offshore wind energy and will expand into the Philippines. The group headed by Ignacio Galán has announced an agreement with renewable developer Triconti ECC, one of the leading wind energy entrepreneurs in the Asian archipelago. With his new partner, he will be eligible for a prize from five pools Navy In Philippine waters, a capacity of 3.5 gigawatts. Iberdrola and Triconti also have Swiss group Stream Invest Holding AG as an ally for these operations.

From the Spanish energy company, they realized that the above-mentioned offshore wind projects are in a very preliminary stage, before initiating a tender for an exploitation grant. Currently, the Philippine Department of Energy has issued the first permits to activate the operation. The Asian country wants to cover its energy consumption by 35% by renewable means in 2030, a proportion that will rise to 40% in 2040. Its economy is growing at an annual rate of 6%, and by the same rate each exercise increases. The amount of demand for electricity.

In this sector, Iberdrola alone in the United States (USA) will develop the management of 2,000 megawatts of offshore wind after reaching an agreement with its partner Copenhagen Infrastructure Partners (CIP), with which it co-owns this generation.

At the moment, Iberdrola has active outdoor parks in the Baltic, Northern and Irish seas. Others are under development in the waters of France, the United Kingdom, Germany and Poland, among others.

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