Overview

• Each partner will hold a 50% stake following formalization of their €5.2 billion joint investment.
• The project secured approximately £3.5 billion of financing from 24 international banks, oversubscribed by 40%.
• Under construction off the Suffolk coast, East Anglia 3 is set to deliver 1,400 MW of capacity by the fourth quarter of 2026, powering 1.3 million UK homes.
• Revenue certainty is provided by a long-term UK government contract for difference and a 2024 Amazon power purchase agreement.
• The deal builds on the 2023 €15 billion renewables alliance and leverages Iberdrola’s post-2024 asset-rotation strategy to fund growth.