Iberdrola awards Siemens Energy contracts for 2 GW UK interconnector

Spain’s Iberdrola Group, through its British subsidiary SP Energy Networks, has awarded contracts worth over GBP3bn (EUR3.5bn) for the development of the subsea electricity interconnector Eastern Green Link 4 (EGL4) between Scotland and England in the United Kingdom (Iberdrola press release, 30/03/2026).