Overview
- Offshore construction is underway, with the first monopile installed in October 2025 by Van Oord’s Svanen 38 kilometers northeast of Rügen in the German Baltic Sea.
- The 315 MW wind farm will deploy 21 Siemens Gamesa SG 14-236 DD turbines rated up to 15 MW each, with turbine installation in 2026 and commissioning targeted for the fourth quarter of 2026.
- The financing forms part of the EIB Group’s TechEU program to accelerate EU innovation and advance REPowerEU energy transition goals.
- EIB projects around 2,200 person‑years of construction work and up to 160 permanent jobs, supporting the Mecklenburg‑Vorpommern transition region.
- Iberdrola expects annual output for roughly 600,000 people, with most power to be sold via long‑term PPAs in Germany and an estimated 672,000 tons of CO2 avoided each year.