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Iberdrola announced a major milestone for its East Anglia THREE offshore wind farm, completing the installation of all 95 foundations and transition pieces together with Masdar in the UK. Separately, the stock edges lower on the day, trading at €20.11.
All 95 foundations and transition pieces have now been installed at the East Anglia THREE offshore wind farm in the UK, developed by Iberdrola together with Masdar. The achievement was first announced on August 17, 2026. According to Offshore Wind, the East Anglia THREE project amounts to a 1.4 GW wind farm with a total investment of approximately EUR 4.7 billion.
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Price is sitting right at support from the weekly low at €20.07. The broader bearish chart structure persists, as shares remain below the MA-20 and MA-50, although still above the MA-200, reflecting a split daily setup. With RSI at 33.7, downside appears to be getting stretched which may limit further declines in the near term.
To determine if the news is being priced in, traders should watch the interaction with support at €20.07. Shares are currently testing this area without having broken through. Even so, with the recent move remaining contained within a narrow range over the past week, the forward view suggests a 30% probability of an upside move and a 70% probability of a downside move over the next five trading days, with an expected range of €19.85 to €20.36. A close above €20.63 would indicate buyers are becoming more active, while a drop below €20.07 would suggest the move is losing traction. On the weekly chart the longer-term picture stays constructive.
Earlier, analysts noted that Iberdrola maintained a broadly constructive long-term technical outlook despite near-term volatility and limited catalysts from recent company developments. The current milestone at East Anglia THREE adds a new dimension to Iberdrola’s renewable expansion, with traders now watching the €20.07 support level for confirmation of the prevailing bearish scenario or signs of a potential rebound.