Iberdrola has brought the Japanese electric company Kansai into its Windanker offshore wind project, which is already under construction. Kansai will co-invest in the project, acquiring a 49% stake, while Iberdrola will retain the remaining 51% and maintain control.

The Windanker offshore wind farm, located in the German Baltic Sea, will have an installed capacity of 315 MW and will be operational in the last quarter of 2026. The operation values the entire wind farm at €1.28 billion, equating to €4.1 million per MW. Iberdrola will control and manage the assets, providing construction, operation, maintenance, and other corporate services.

The Windanker wind farm will feature 21 wind turbines, each with a unit power of 15 MW, and has already sold 100% of its production through long-term contracts.