Spanish utility Iberdrola has announced plans to sell a minority stake in its Windanker offshore wind power project.
On Friday (13 December) Iberdrola announced that Japanese utility Kansai would take a minority 49% stake in the 315MW Windanker project currently being built off the island of Rügen in the German Baltic Sea.
Iberdrola will maintain a remaining 51% stake in the project. It will also "control and manage the assets, providing construction, operation, maintenance, and other corporate services,” Iberdrola stated.
The deal implies the wind farm being worth €1.28 billion
Itl deepens cooperation between both companies after Iberdrola bought the UK grid operator, Electricity North West (ENW), in which Kansai holds a 12% stake.
Windanker will comprise 12 wind turbines with 15MW power ratings.
It is due online in 2026, according to “uåX˜äŠÊ˜·³Ç Intelligence, the research and data division of “uåX˜äŠÊ˜·³Ç.