Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
Through its UK subsidiary ScottishPower Renewables, Iberdrola secured a UK Contracts for Difference (CfD) award for the East Anglia TWO offshore wind farm in Allocation Round 6 in September 2024. The CfD contract, announced by Iberdrola and referenced in subsequent supplier and contractor releases, underpins revenue for the 960–963 MW project in the southern North Sea, enabling it to supply clean electricity to around one million homes as part of the East Anglia Hub.