Iberdrola Invests €11M in East Anglia Port Upgrade
- Iberdrola and Peel Ports Group will invest over €11 million in the Port of East Anglia.
- The investment supports the East Anglia TWO offshore wind farm, valued at over €4.5 billion.
- Upgrades include a second heavy-lift platform, expanded storage, and higher-capacity cranes.
- East Anglia TWO will have 64 turbines with a capacity of up to 960 MW.
Investment Overview
Iberdrola, through its UK renewable energy subsidiary, and Peel Ports Group are set to invest over €11 million in the Port of East Anglia, located in Great Yarmouth. This investment is aimed at supporting the construction of the East Anglia TWO offshore wind farm, which is valued at more than €4.5 billion.
Port Upgrades
The investment will fund significant upgrades to the port’s North Terminal. These upgrades include the construction of a second heavy-lift platform, which will be used for preassembling turbine towers before they are loaded onto the installation vessel. Additionally, the project will expand and improve storage areas to accommodate larger components and enable the use of higher-capacity cranes.
Local Economic Impact
This new project will increase ScottishPower’s total investment with local East Anglia businesses to over €70 million in the past five years, highlighting the economic benefits to the region.
Wind Farm Capacity
The East Anglia TWO wind farm will feature 64 turbines, providing a combined capacity of up to 960 MW of green electricity. This capacity is sufficient to power nearly one million homes, contributing significantly to the region's renewable energy supply.
Source: Iberdrola