Spanish public multinational electric utility company Iberdrola has awarded a €65m contract to Navantia Puerto Real for the construction of a substation for East Anglia One offshore windfarm.
The utility is developing East Anglia One, which will have capacity to produce 714MW of electricity.
Go deeper with GlobalData
Iberdrola's chairman Ignacio Galán said: “Thanks to its competitiveness, quality, and expertise, Navantia has won this new contract for one of our most important energy projects, in which the President has expressed her interest on numerous occasions.
“Given the consolidation of this new line of production at Navantia, it may go on to receive subsequent orders for our upcoming offshore windfarm projects in the UK, France, and Germany”.
The company also said the contract to Navantia's shipyard in Cádiz will create approximately 350 jobsover the next two years.
As per the terms of the contract, Navantia's shipbuilding facilities in Puerto Real will be responsible for manufacturing various components required for constructing the new substation, which will weigh approximately 7.7t upon completion. It is the fourth contract secured by Navantia from Iberdrola.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataUntil now, Navantia has secured contract worth €350m from Iberdrola, and created jobs for more than 2,600 people in Puerto Real, Fene and Avilés (Windar).
Image: Navantia secures contract from Iberdrola. Photo: courtesy of Iberdrola, S.A
