The €400m agreement is for the manufacture and supply of 130 foundations between 2023 and 2025 [Image: Navantia]
Iberdrola has closed a €400m framework agreement with a joint venture of Navantia and Windar for the manufacture and supply of 130 XXL monopile foundations for future unnamed offshore wind farms.
The deal will see Iberdrola place orders to the manufacturers between 2023 and 2025.
Navantia and Windar will set up a factory for XXL monopiles on the grounds of the Navantia shipyard in Fene in Spain.
The consortium said the construction of the factory will boost capacity at the Fene shipyard, delivering a new product to the sector.
The investment at the yard will allow the consortium to bend thick sheet metal up to 16 metres in diameter, add new painting booths and storage areas for finished products, as well as the latest technology equipment necessary for manufacturing.
Foundations, which will be more than 100 metres in length and weigh up to 2500 tonnes, will be available in about 13 months.
Navantia and Windar said the new facility will be located in a part of the Fene shipyard that does not interfere with the production of other offshore wind products, such as jackets and floating structures.