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Iberdrola to Invest US$10 Billion in Massachusetts Offshore Wind

Feb. 23, 2022
The chairman of the energy group met with the governor of Massachusetts, Charlie Baker, to detail his commitment to offshore wind power.

Iberdrola will invest more than US$ 10 billion in the development of three offshore wind complexes. Iberdrola's chairman, Ignacio Galán, presented this investment in a meeting held last week with the governor of Massachusetts, Charlie Baker, in which he also explained the group's growth plan in the United States for the period 2020-2025, which will enable it to double its renewable generation capacity and boost the country's decarbonisation.

"Our projects in Massachusetts will be fundamental to achieving the US goal of reaching 30,000 MW of wind energy by 2030, and with them we will generate industrial development and employment", explained Ignacio Galán.

Ignacio Galán also met with Maura Healey, attorney general of the State of Massachusetts, to whom he also conveyed Iberdrola's commitment to investment in clean energy in the state.

Pioneer in Offshore Wind

In Massachusetts, Iberdrola is developing 2800 MW of offshore wind in three different projects and is developing an interconnection line with a capacity of 1200 MW to transport hydroelectric power from Canada.

Together, Iberdrola's projects will meet 35% of the state's electricity demand with clean and competitive energy, while helping to create around 4000 jobs during construction over the next few years.

Construction recently began on Vineyard Wind One, the country's first large offshore wind farm. The 800 MW project, located about 15 miles south off the coast of Martha's Vineyard, will generate enough wind power to meet the demand of more than 400,000 homes.

In addition, its commissioning will also prevent the emission of more than 1.6 million tonnes of carbon dioxide per year, the equivalent of taking 325,000 vehicles off the road. Avangrid was also awarded a contract for the Commonwealth Wind offshore wind farm in Massachusetts in December.

The 1232 MW project, New England's largest offshore wind project to date, will involve a US$4 billion investment and create 11,000 jobs.

As part of the project, Iberdrola is promoting the installation of a submarine cable factory in the state on the site of a former coal-fired power plant.

Also under development in the same area is Park City Wind, an 804 MW project that will supply clean energy to customers in Connecticut, while revitalizing the Port of Bridgeport, home to the operation and maintenance office and warehouse for the components for construction. The project is expected to be completed in 2027.

The company also owns the Kitty Hawk development area (2500 MW) in the waters off North Carolina and Virginia and has begun the permitting process with the Bureau of Ocean Energy Management (BOEM) for the Kitty Hawk North wind farm (800 MW), the first project planned in this area.

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