Iberdrola is awarded the supply of electricity to Commonwealth Wind in the US

An offshore wind farm with an investment of 4.000 billion dollars

The Spanish company's investments will contribute to the modernization of the energy sector, job creation and economic development in Massachusetts.

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Iberdrola, through its subsidiary avangrid, has been awarded in in Massachusetts the supply of electricity to the future park Commonwealth Wind, Massachusetts' third offshore wind tender. The 1.232 megawatt project, the largest offshore wind project in New England To date, it will create the equivalent of 11.000 full-time jobs over the life of the project and generate enough energy to power 750.000 homes.

 

Ignacio Galán, president of Iberdrola, highlighted that "Commonwealth Wind will supply clean energy to hundreds of thousands of homes and businesses in Massachusetts, creating thousands of local jobs throughout the region." supply chain. It will also be a key project to help the United States reach the goal of 30.000 MW of offshore wind power in 2030".

 

Furthermore, he added that “after having invested $15.000 billion in 8.000 MW in onshore wind and solar, we are already leading offshore wind energy in the United States with the development of Vineyard Wind One and Park City Wind. With 15 years of experience in executing projects around the world, IBERDROLA and Avangrid work intensely to ensure that our investments are transformative for the environment and the economy, creating wealth and employment. Our portfolio of offshore wind projects in the United States alone could mean more than 15.000 billion dollars of investment in the coming years«.

 

The history of Iberdrola in the United States is a story of growth

 

Commonwealth Wind includes two innovative initiatives that transform former coal-fired power plants into clean energy hubs. In Brayton Point (Somerset) the first submarine cable factory in Massachusetts will be installed, operated by Prysmian, And in Salem Harbor A new terminal will be built for the wind-offshore projects, which will serve the Park City Wind and Commonwealth Wind. Both initiatives will create new permanent jobs throughout the state of Massachusetts and will give life to this new sector.

 

Through Commonwealth Wind, the company has committed to investing $15 million in workforce training and supply chain development, based on the principles of diversity, equity and inclusion. Likewise, it plans to invest $20 million in initiatives related to education, innovation and the environment to benefit local communities.

 

Likewise, the project awarded today to the Spanish company definitively consolidates New bedford, in the south of the state, the Iberdrola Offshore Wind Control Center, a state-of-the-art facility that will remotely manage wind turbines and other offshore assets. Massachusetts aims to have 4 GW of contracted offshore wind capacity by 2027 and 5,4 GW operational by 2035.

 

The state already has 1,6 GW in development, including Vineyard Wind One, of 800 MW, the first commercial scale project that Iberdrola has begun to build in coastal waters. Martha's Vineyard.Iberdrola consolidates itself as the leading energy company in the US.

 

The history of Iberdrola in the United States is a story of growth. In less than two decades, the company chaired by Ignacio Galán has not only managed to list on the New York Stock Exchange, but also position itself as one of the largest electrical groups in the country, present in 25 states.