Iberdrola secures flow of Navantia-Windar XXL monopiles in 2023-2025

CEOs of Iberdrola, Navantia and Windar announce XXL monopile agreement. Image source: Iberdrola (www.iberdrola.com)

July 26 (Renewables Now) - Spanish utility group Iberdrola SA (BME:IBE) has named the joint venture (JV) between wind tower maker Windar Renovables SL and Spain’s state-owned shipbuilder Navantia its preferred supplier of monopile foundations in the 2023-2025 period.

The Spanish trio signed a framework collaboration agreement, under which the Navantia-Windar alliance will manufacture and supply XXL monopile foundations for a number of Iberdrola’s offshore wind power projects.

The utility said it would place orders for 130 pieces of XXL foundations, worth up to EUR 400 million (USD 471.6m), between 2023 and 2025.

The future flow of orders will enable the JV to set up an XXL monopile factory at Navantia’s shipyard in Fene, a municipality in northwest Spain. The partners would invest some EUR 36 million in the new facility, which in 13 months time would be capable of manufacturing over 100-metre-long foundations weighing up to 2,500 tonnes.

The construction project will involve an adaptation of an existing building within Navantia’s shipyard, Iberdrola said.

"Today we are creating an alliance that combines Iberdrola's growth plans -- a global offshore wind pipeline that will require investments of close to EUR 30 billion over the next decade -- with the competitiveness and know-how of Navantia and Windar”, Iberdrola CEO Ignacio Galan commented.

The Navantia-Windar JV has a long history with Iberdrola as a supplier of components for Wikinger, East Anglia One, Saint Brieuc and Vineyard Wind I offshore wind projects. More recently, Windar alone was awarded a contract to manufacture transition pieces for the 476-MW Baltic Eagle wind project off Germany's coast.

(EUR 1.0 = USD 1.179)

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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