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    Iberdrola to operate the first commercial-scale offshore wind farm in the U.S.


    August 4, 2022 - CE Noticias Financieras

     

      Iberdrola will take control of a mega offshore wind farm in the United States. Avangrid, the company's subsidiary in the country, has reached an agreement to take over the management of the assets and the operation and maintenance of Vineyard Wind 1. The group is participating in the construction of this facility through a 50/50 joint venture between Avangrid, its subsidiary in the country, and Copenhagen Infrastructure Partners (CIP).

      With a capacity of 800 megawatts (MW), the project will be capable of supplying more than 400,000 households and will generate 3,600 jobs. It is the first marine project of this size, as it will multiply by 25 the only existing installation of this nature in the country, located in Rhode Island.

      The company chaired by Ignacio Galán will take charge of the operational phase of the project and will be responsible for controlling the operation and management of the facility once construction is completed and commercial operation begins.

      Iberdrola's services to the project will include operations management, supervision of tasks such as turbine, cable and substation maintenance, contractor coordination, 24/7 control center services, marketing and asset management.

      Vineyard Wind 1 is scheduled to begin supplying renewable energy to Massachusetts in 2023 and enter commercial operation in 2024.

      The Spanish company assures that the mega-project will reduce tariffs by 1.4 billion dollars in the first 20 years of operation and its implementation will also avoid the emission of more than 1.6 million tons of carbon dioxide per year, the equivalent of removing 325,000 vehicles from the roads.

      Iberdrola in the United States

      In less than two decades Iberdrola, through its subsidiary Aavangrid, has managed to position itself as one of the three leading wind and solar energy companies in the United States. It is present in 25 states and manages more than 9,300 MW of generating capacity, some 8,500 MW of renewables, and more than 170,000 kilometers of power lines.

      In addition to its participation in this project, Iberdrola owns 100% of Commonwealth Wind (1,200 MW in Massachusetts), Park City Wind (804 MW in Connecticut) and Kitty Hawk Wind (2,500 MW on the coast of North Carolina). In total, the group has a forecast of 5,000 MW of offshore wind energy on the east coast of the United States, enough to supply more than two million homes.

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