- Published: 19 October 2021 19 October 2021
Scottish Power, a subsidiary of Iberdrola, has announced to invest £6bn in developing the East Anglia Hub offshore wind complex. Subject to obtaining the necessary permits, this new investment package will join a record £10bn investment earmarked by the group in its 2020-2025 plan, enabling it to double its renewable generation capacity and drive decarbonisation in the United Kingdom.
The East Anglia Hub, with an installed capacity of more than 3,000MW, consists of three wind farms off the Suffolk coast: East Anglia ONE North, East Anglia TWO and East Anglia THREE. Currently, the East Anglia THREE project, with an installed power of 1,400 MW, has already secured planning permission. Likewise, planning permission applications for East Anglia ONE North (800 MW) and East Anglia TWO (900 MW) are being analysed by the Secretary of State at the Department of Business, Energy and Industrial Strategy. Subject to the outcome of these considerations, it is expected that construction work on the East Anglia Hub will start in 2023 and will be complete by 2026.