Ignacio Galán, chairman of Iberdrola and ScottishPower, met the UK Energy and Climate Change Secretary Ed Davey at the company’s London offices to discuss on the plans.

Iberdrola has recently secured approval for its 1.2GW East Anglia One offshore wind farm project, located 43km from the Suffolk coast.

The development, which is the first of six potential projects in the East Anglia Zone, is claimed to be the largest Round 3 offshore wind project to be approved in the UK.

ScottishPower Renewables, which is undertaking East Anglia development, has completed installation of its first offshore project, the £1.6bn, 389MW West of Duddon Sands wind farm south west of Barrow in Furness.

The company is now working towards a final investment decision on the East Anglia One, which is anticipated to generate enough electricity for about 820,000 homes and inject £500m into the region’s economy.

Davey’s discussions with Galán focused on the economics of offshore wind as well as future EU energy policy and supply security.

Iberdrola said they also discussed UK security of supply, including the importance of the capacity auction scheduled for December 2014 and its key role in ensuring that enough generation capacity is available in future.

Galán said, "The very large investments that IBERDROLA is making in the UK are important in securing energy supplies for the country in future and the fact that we are holding a full IBERDROLA Board meeting in London for the first time reflects the extensive investment commitments we are making here."

Image: Davey and Galán at Iberdrola’s London offices. Photo: Courtesy of Iberdrola, S.A.