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Iberdrola has secured €4.1 billion in green financing for the East Anglia Three offshore wind farm, located off the Suffolk coast in the UK. Structured under a green project finance model, the deal involves 23 banks and the Danish Export Credit Agency, making it one of the largest transactions of its kind to date. The financing package covers approximately 80% of the project’s €5.2 billion cost and will fund the construction of wind turbines, substations, and associated infrastructure. Backed by long-term Contracts for Difference (CfDs) and a power purchase agreement with Amazon, the project ensures stable revenue once operational in late 2026.
East Anglia Three will feature 95 Siemens Gamesa turbines with a combined capacity of 1,400 MW, supplying clean electricity to over 1.3 million homes and significantly reducing CO₂ emissions. In partnership with Masdar, Iberdrola will share a 50/50 stake in the development, marking the company’s largest offshore wind alliance to date. The project is also expected to create jobs and strengthen the local supply chain, advancing both the UK’s climate goals and Europe’s broader energy transition.
