Iberdrola stock expands East Anglia offshore wind operations

Published on 11/12/2026 at 12:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola stock is expanding its UK offshore wind infrastructure with a new East Anglia operations base. Completion is planned for early 2027.

New base strengthens UK offshore operations

ScottishPower Renewables has started work on a new Lowestoft base for Iberdrola's East Anglia offshore wind activities.
The facility is planned to support about 100 professionals and complement the existing East Anglia ONE base.
Completion is scheduled for early 2027, making delivery the next stated milestone.

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

Iberdrola's UK renewables subsidiary ScottishPower Renewables has started construction of a new operations base in Lowestoft for its East Anglia offshore wind activities. The company announced the project on Wednesday, November 11, 2026, in a company release.

Work began with the demolition of former facilities on Trinity Road. The three-storey building will include offices, administrative areas, a control room and a marine coordination centre, with capacity for around 100 professionals. Iberdrola said construction is scheduled for completion in early 2027.

Infrastructure supports East Anglia growth

The new centre will support the group's offshore operations in one of the main UK hubs for its East Anglia portfolio. It will complement the existing East Anglia ONE base, adding a dedicated operating facility rather than a new generation asset.

Iberdrola said the project involves an investment of more than 10 million euros and covers around 6,000 square metres. Local construction company R G Carter has received the contract. The award lifts ScottishPower Renewables' investment in the regional supply chain above 113 million euros, with more than 100 local and regional companies involved in the development of the offshore wind industry.

Stock remains close to prior Xetra close

Iberdrola stock traded at 23.18 euros on Lang & Schwarz at 11:54 CET on Thursday, November 12, 0.04 percent above the Xetra close of Wednesday, November 11. The modest spread indicates that the new project had not produced a major same-morning repricing in the available quote.

For investors, the base adds operational infrastructure around Iberdrola's UK offshore wind platform. The near-term milestone is completion in early 2027; the release does not quantify a direct change to group earnings or cash flow.