Spanish utility Iberdrola SA (<a href="https://www.bolsasymercados.es/bme-exchange/es/Mercados-y-Cotizaciones/Acciones/Mercado-Continuo/Ficha/Iberdrola-ES0144580Y14" target="_blank">BME:IBE</a>) and Abu Dhabi-based Masdar are building on their existing partnership with a new alliance targeting investments of up to EUR 15 billion (USD 16.2bn) in the development of offshore wind and green hydrogen projects in Europe and the US.