This collaboration will focus on various electricity grid and renewable energy projects in different countries.
Both companies see this new agreement as a “strategic milestone” that will allow them to jointly explore other investment opportunities in different technologies and regions within the renewable energy and electricity grid industry.
The agreement strengthens the relations of both companies, following the co-investment in the 315MW Windanker offshore wind farm in the German Baltic Sea at the end of December 2024.
In addition, both companies have jointly invested in the Electricity North West (ENW) group, the electricity distribution network operator in the United Kingdom. Iberdrola has an 88% stake and the consortium led by Kansai owns the remaining 12%.
