Iberdrola to Splash $4.5B on Renewables in France

Nina Chestney
Wednesday, June 3, 2020
Image Credit: Siemens Gamesa Renewable Energy

Spanish utility Iberdrola said on Wednesday it will invest up to 4 billion euros ($4.5 billion) over the next four years in France to develop renewable energy.

Iberdrola said it is already investing 2.4 billion euros in the Saint-Brieuc offshore wind farm in France and plans to invest in new onshore wind, solar photovoltaic and participate in future offshore wind capacity auctions.

"France is a strategic country for Iberdrola," said Ignacio Galán, chairman and CEO of Iberdrola.

"The company is very interested in participating in the new offshore wind capacity auctions to be held in the future by France," he added.

($1 = 0.8913 euros) 

(Reporting by Nina Chestney; editing by Jason Neely)

Categories: Energy Industry News Offshore Wind Activity Europe Renewables

Related Stories

RWE Inks O&M Deals with Clarkson Port Services for Nordseecluster OW Project

RWE Inks O&M Deals with Clarkson Port Services for Nordseecluster OW Project

UK: Renewables Workforce to Grow to 42,000 In Next Five Years

UK: Renewables Workforce to Grow to 42,000 In Next Five Years

Vattenfall Names New Head of Wind Business

Vattenfall Names New Head of Wind Business

Current News

ScottishPower, Oasis Marine Study Proves Feasibility of Offshore Charging

Africa Energy Aims to Start Production in South Africa by 2033

Repsol Hires Halliburton for Well Lifecycle Optimization of North Sea Assets

Aquaterra Energy to Deliver Well Services Work for North Sea CCS Project

Subscribe for OE Digital E‑News

Offshore Engineer Magazine