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Home » Uncategorized » Iberdrola launches German subsidiary
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Iberdrola launches German subsidiary

SaraBy SaraFebruary 7, 20232 Mins Read
Iberdrola launches German subsidiary

Iberdrola is to integrate all its German business activities to focus on operation of large-scale renewable energy assets.

Felipe Montero has been appointed as CEO to lead Iberdrola Deutschland, which is headquartered in Berlin.

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Montero’s executive team includes Iris Stempfle, Managing Director of the Offshore Division and Deputy CEO of Iberdrola Deutschland, Martin Stolle, Managing Director of the Onshore Division and Sven Wolf, Managing Director of the Commercial Division.

Iberdrola Deutschland is the largest operator of offshore wind farms in the German Baltic Sea and plans to open new offices in other cities such as Hamburg, Frankfurt and Munich in the near future.

Through its Offshore and Onshore Divisions, Iberdrola Deutschland is active in the planning, construction and operation of offshore and onshore wind farms as well as solar photovoltaic plants.

Through its Commercial Division, Iberdrola Deutschland offers its commercial and industrial customers tailored supply solutions for green energy, including electricity supply, long-term PPA contracts from Iberdrola´s own renewable assets, portfolio management services as well as on-site PV solutions.

Iberdrola Deutschland also offers cross-technology integrated solutions, such as battery storage or green hydrogen for industrial use.

“The combination of all activities under one roof with an integrated 360° business model allow us to offer our customers and partners the best services to achieve their decarbonisation targets while leveraging the capabilities of the global Iberdrola group,” said Montero.

In 2017, Montero was appointed Project Director of Baltic Eagle, Iberdrola’s offshore wind facility being built in Germany, leading the team through the auction and towards final investment decision.

In 2020, he joined Northland Power as Taiwan country manager where he directed development of the 1GW Hai Long offshore wind farm project in the Taiwan Strait, before returning to Iberdrola as CEO of the new subsidiary.

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