Masdar and Iberdrola completed the acquisition of East Anglia THREE project for €5.2bn.

Masdar, a renewable energy company, and Iberdrola, an energy provider specializing in renewable energy, completed the acquisition of East Anglia THREE project for €5.2bn. “Masdar and Iberdrola are continuing to forge one of the largest and most powerful strategic clean energy partnerships to accelerate capacity growth in Europe and worldwide. Offshore wind will play a crucial role in the global energy transformation, and landmark developments like Baltic Eagle and East Anglia THREE are significant advances towards clean energy targets in major European nations. With demand surging due to exponential AI growth and the rise of emerging markets, projects such as these have never been more critical," Sultan Al Jaber, Masdar Chairman.