Iberdrola and Kansai Expand Partnership for Global Electrification

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 Windanker offshore wind farm at the end of December 2024. The Windanker offshore wind farm, located in the German Baltic, will have an installed capacity of 315 MW and will be operational in the last quarter of 2026.

Iberdrola has a majority stake of 51 percent and provides operation and maintenance services, while Kansai, Japan's second largest electricity company and one of the largest in Asia, holds the remaining 49 percent. 

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 percent stake and the consortium led by Kansai owns the remaining 12 percent.