Iberdrola stock starts construction of new East Anglia wind base

Published on 11/11/2026 at 12:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iberdrola stock is adding a new UK operating base for East Anglia offshore wind. The facility is due for completion in early 2027.

East Anglia base supports offshore expansion

ScottishPower Renewables has started work in Lowestoft on a new operating center for Iberdrola's UK offshore wind business.
The three-storey center will include offices, a control room and a marine coordination center.
The project will deepen Iberdrola's presence in one of the main hubs for its East Anglia offshore operations.

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

Iberdrola has started construction of a new base for its East Anglia offshore wind operations in Lowestoft, southeastern England. The project was reported by MarketScreener on Wednesday, November 11, citing content published by Iberdrola.

ScottishPower Renewables, Iberdrola's UK renewables subsidiary, has begun demolition of former facilities on Trinity Road. The site will make way for a three-storey center designed to support the group's offshore operations in the East Anglia region.

New center targets offshore operations

The facility is scheduled for completion in early 2027 and will include offices, administrative space, a control room and a marine coordination center. The center is planned to accommodate about 100 professionals and will complement the existing East Anglia ONE base in Lowestoft.

The investment exceeds 10 million euros and covers about 6,000 square meters. Iberdrola is presenting the project as an expansion of its operating footprint in a UK offshore wind hub rather than as a new generation asset. The construction phase therefore adds local infrastructure for projects already connected with the East Anglia development area.

Regional supply chain expands

ScottishPower Renewables awarded the construction contract to local company R G Carter. The contract lifts the subsidiary's 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 development of the offshore wind industry.

For investors, the project points to continued execution in Iberdrola's offshore wind business in the United Kingdom. The disclosed figures describe the facility and the regional supply chain; they do not quantify an immediate change to group earnings or cash flow. Completion in early 2027 is the next stated milestone.

Iberdrola stock trades above Xetra close

Iberdrola stock traded at 23.15 euros on Lang & Schwarz at 12:12 CET on Wednesday, November 11, 2026, 0.35 percent above the Xetra close of Tuesday, November 10. The comparison uses the Xetra listing under symbol IBE1 and the closing price of 23.07 euros.