Press release
Iberdrola creates the first 1,100 jobs in France thanks to the Saint-Brieuc offshore wind project
Paris, June 18, 2020 .
Iberdrola confirms the launch of its 4 billion euro investment in France. The contract for the supply of the foundations, whose total amount amounts to 350 million euros, was signed this morning by the president of Iberdrola, Ignacio Galán. The foundation components will be assembled on the Brest port polder. The first 1,100 jobs are being realized in France with the signing of contracts linked to the Saint-Brieuc wind farm.
June
Sustainable growth desired by Europe
The installation at the port of Brest marks a decisive step in the establishment of a sector linked to marine energies in France and more particularly in Brittany. In this way, Iberdrola contributes to modernizing the shipbuilding industry across Europe, offering new skills and new business sectors to existing port facilities.
This new agreement brings together the experience and knowledge of professionals from across Europe and begins the path to green recovery and sustainable growth desired by the European Union and France.
“With this contract, in addition to developing the clean energy of offshore wind, we are demonstrating that the green economy is a major vector of industrialization, sustainable and quality employment, at a time when economic recovery is more important than ever […]. I am very proud that this project is an opportunity to create a new line of activity in the port of Brest, as has happened in the past during other projects.”
Iberdrola, its firm commitment to wind energy
Nearly twenty years after becoming a pioneer in the field of onshore wind energy, Iberdrola continues to be at the forefront of the development of offshore wind, a market with great potential.
The company plans to operate 2,000 MW of offshore wind power by the end of 2022 and 3,000 MW by 2024.
An acceleration of investments, which this year will reach the historic record of 10 billion euros, or 40% more than the average of the last five years.
The Saint-Brieuc Bay project reaffirms Iberdrola's commitment to the French market, in which it plans to invest up to 4 billion euros over the next four years. This will be Iberdrola's first offshore wind installation in France. With 496 MW, Saint-Brieuc will have sufficient capacity to provide clean energy to 835,000 people.
About Iberdrola
Iberdrola is a global energy leader, the number one producer of wind power and one of the largest electricity producers in the world in terms of market capitalization. The group provides energy to nearly 100 million people, in dozens of countries, including Spain, the United Kingdom (ScottishPower), the United States (AVANGRID), Brazil (Neoenergia), Mexico , in Germany, Italy and France. With more than 35,000 employees and assets exceeding €122 billion, the company achieved a turnover of €6,438 million and a net profit of more than €3,406 million in 2019.
Iberdrola is leading the transition to a sustainable energy model, investing in renewable energy, smart grids, large-scale energy storage and digital transformation, in order to offer the most technologically advanced products and services to its customers. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest rates of carbon emissions, and is an international benchmark for its contribution to sustainable development and the fight against global warming.
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