After 20 years of anticipating the energy transition, our business model positions us as a key agent in the transformation of the industrial fabric. With our experience, our engagement with society and our financial strength, we are advancing a model for long-term sustainable economic growth capable of meeting the current challenges of society.
Iberdrola is a global clean energy leader and a pioneer in the development of offshore wind. Japan is a country we are proud to be located in, with its world-leading ambitious target to deploy up to 45 gigawatts of offshore wind by 2040. Our skilled team in Tokyo has the capability to design and deliver projects that can play a major role in helping to reach this goal and unlock the substantial economic and environmental benefits that offshore wind delivers.
For two decades Iberdrola has been working to drive the energy transition forward, to help build a healthier world that supports industrial and economic growth. We are investing in clean energy projects across the world, but ensuring we have strong local relationships is a key priority for us. We value the insight and guidance of local partners, just as we understand the importance of meaningful engagement with communities and stakeholders in the regions where we operate. These principles are central to our thinking as we seek to support the energy transition in Japan over the coming decades.