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Publication 07 Nov 2023 · France

Case Study: Iberdrola offshore wind

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CMS is advising on the development of the offshore wind farm project called Baltic Eagle which is located 30 kilometres north-east of the island of Rügen, Germany in the Baltic Sea. The project launched in 2021 and is Iberdrola’s second largest offshore wind development.

Upon completion, the wind farm will generate 476 megawatts of power, enough to supply 475,000 households with electricity from renewable sources. The project is expected to be operational in 2024 and is valued at EUR 1.6 billion.

CMS has been involved in drafting and leading negotiations for all project agreements, including the agreements with suppliers, installation companies and the responsible network operator. Various CMS offices outside Germany were involved with regard to questions on the transfer of ownership of components and the provision of securities by foreign contractual partners.

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