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 investment in France. The contract for the supply of the foundations, totalling 350 million euros, was signed this morning by the president of Iberdrola, Ignacio Galán. The components of the foundations will be assembled on the polder in the port of Brest.
The first 1,100 jobs in France have been created by the signing of the contracts for the Saint-Brieuc wind farm.
Sustainable growth desired by Europe
The installation in the port of Brest marks a decisive step in the establishment of a marine energy sector in France and more particularly in Brittany. In this way, Iberdrola is helping to modernise the shipbuilding industry across Europe, by offering new skills and new sectors of activity to existing port facilities.
This new agreement brings together the experience and knowledge of professionals from all over Europe and sets out on the path towards the green recovery and sustainable growth desired by the European Union and France.
"With this contract, in addition to developing clean offshore wind energy, we are demonstrating that the green economy is a major vector for 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 business in the port of Brest, as has happened in the past with other projects".
Iberdrola, its firm commitment to wind energy
Almost 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 energy, a market with great potential.
The company plans to develop 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 historical record of 10 billion euros, 40% more than the average of the last five years.
The Bay of Saint-Brieuc project reaffirms Iberdrola's commitment to the French market, in which it plans to invest up to €4 billion over the next four years. This will be Iberdrola's first offshore wind farm in France. With 496 MW, Saint-Brieuc will have enough capacity to supply clean energy to 835,000 people.
Iberdrola is a world leader in energy, the number one producer of wind energy and one of the largest electricity producers in the world in terms of market capitalisation. The group supplies energy to nearly 100 million people in dozens of countries, including Spain, the United Kingdom (ScottishPower), the United States (AVANGRID), Brazil (Neoenergia), Mexico, Germany, Italy and France. With more than 35,000 employees and assets in excess of €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 towards a sustainable energy model, investing in renewable energies, smart electricity 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.