Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Masdar and Iberdrola reached financial close on the 1.4 GW East Anglia Three offshore wind farm in late July 2025, securing approximately £3.6 billion (about €4.1 billion) of green project financing from a syndicate of 23–24 international banks and the Danish export credit agency EIFO. The oversubscribed financing, part of an estimated €5.2 billion total investment and structured as senior debt backed by UK CfDs and the Amazon PPA, supports construction of turbines, substations, subsea cables and converter stations, with Masdar and Iberdrola each holding a 50% stake and joint governance of the asset.