Iberdrola will invest $10,000 million – about €8,815 million – to develop three offshore wind parks in Massachusetts, USA. The energy company’s president, Ignacio Sanchez Galán, presented the project to the state’s governor, Charlie Baker, on Wednesday, giving new impetus to its renewable business.
The company plans to double its renewable generation capacity by 2025, and boost the country’s decarbonization. Sanchez Galan explained that these new parks “will be necessary to make the US goal of reaching 30,000 megawatts of wind power in 2030 a reality, and with them we will drive industrial development and employment.”
Sanchez Galan also met with Maura Healey, the state attorney general, who also conveyed to him his commitment to investing in clean energy in the state. “He was completely satisfied with the company’s investment,” the president said. At the end of 2021, New Mexico blocked the merger with PNM in that state.
In all, Iberdrola in Massachusetts is developing 2,800 MW of offshore wind capacity in three different projects and a 1,200 MW connecting line to transmit hydroelectric power from Canada. Its construction will create about 4,000 jobs and, once completed, will contribute to covering 35% of the state’s demand for clean energy.
Construction of Vineyard Wind One, the country’s first large-scale offshore wind farm, has recently begun. The 800 MW project will generate enough power to meet the demand of more than 400,000 homes.
On the other hand, Avangrid, its US subsidiary, was awarded a contract to build Commonwealth Wind’s offshore wind farm in December. The 1,232 MW project will include an investment of $4,000 million and create 11,000 jobs. As part of the project, it is promoting the installation of a submarine cable plant on the former site of a coal-fired power plant.
Iberdrola adds 10,000 MW of renewables in the US
It is also developing Park City Wind in the same area, an 804-megawatt project that will provide clean energy to Connecticut customers, while revitalizing the Port of Bridgeport, home to the O&M office and front-facing building components warehouse. The project is expected to be completed in 2027.
On the other hand, the company also owns the Kitty Hawk development area (2,500 MW), in North Carolina and Virginia waters, and has begun the process of obtaining permits for the Kitty Hawk North Park (800 MW).
In the United States, Iberdrola has 40,000 million assets and a presence in 25 states. It has 10,000 megawatts of renewable energy, and it reaches 10 million people.