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Masdar to buy into Iberdrola offshore wind farm set to power Amazon

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Masdar to buy into Iberdrola offshore wind farm set to power Amazon | Windpower Monthly

Masdar to buy into Iberdrola offshore wind farm set to power Amazon

United Arab Emirates (UAE) renewables firm Masdar is due to snap up a 49% stake in Spanish developer Iberdrola’s 476MW Baltic Eagle offshore wind farm.

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Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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