Iberdrola stock adds UK base for East Anglia wind operations

Published on 11/11/2026 at 18:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola stock gains a new UK offshore wind base, with completion planned for early 2027. The project supports regional operations.

UK Wind Base Adds Operating Capacity

ScottishPower Renewables has begun work on a new Lowestoft base supporting Iberdrola's East Anglia offshore wind operations.
The facility is scheduled for completion in early 2027 and will include offices, a control room and a marine coordination center.
The project strengthens Iberdrola's operating presence in a UK offshore wind hub without quantifying an immediate earnings effect.

Iberdrola S.A., ES0144580Y14, Illustration mit AI erstellt.

Iberdrola has started construction of a new operating base for its East Anglia offshore wind activities in Lowestoft, southeastern England. MarketScreener reported the development on Wednesday, November 11, citing content published by Iberdrola.

The project adds a new operating facility rather than a generation asset. ScottishPower Renewables, Iberdrola's UK renewables subsidiary, has begun demolishing former facilities on Trinity Road to make way for the new center.

Infrastructure supports offshore operations

The three-storey base is scheduled for completion in early 2027. It will contain offices, administrative space, a control room and a marine coordination center, with capacity for around 100 professionals.

MarketScreener said the investment will exceed 10 million euros and cover around 6,000 square meters. The facility will complement Iberdrola's existing East Anglia ONE base and expand its presence in Lowestoft, a major hub for the group's UK offshore wind operations.

The construction contract went to local company R G Carter. The award lifts ScottishPower Renewables' investment in the regional supply chain above 113 million euros for the first time, with more than 100 local and regional companies involved in the offshore wind industry, according to the report.

What has changed since our last report

Our November 10 report focused on Iberdrola's 1,300-kilometer New York transmission upgrade program. The new Lowestoft base adds a separate operational milestone in the company's UK offshore wind business.

Iberdrola stock traded at 23.24 euros on Lang & Schwarz at 17:57 CET on Wednesday, November 11, 2026, 0.30 percent above the Xetra close of Tuesday, November 10, and 1.18 percent above the 22.97 euros cited in our November 10 report. The Xetra comparison and the change since that report are separate measures.