MASSACHUSETTS – Iberdrola Group is to invest more than $10 million in the offshore wind projects in Massachusetts.

Ignacio Galán, Iberdrola's Chairman, presented this investment in a meeting held with the Governor of Massachusetts, Charlie Baker. Galán explained Iberdrola’s 2020-2025 growth plan in the US, which should enable the company to double its renewable generation capacity and boost the country's decarbonization.

"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 Galán.

Iberdrola is currently developing 2,800 MW of offshore wind in three different projects in Massachusetts, as well as a 1,200 MW interconnection line to transport hydroelectric power from Canada.

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, should generate enough wind power to meet the demand of more than 400,000 homes.

Iberdrola’s subsidiary Avangrid was also awarded a contract for the Commonwealth Wind offshore wind farm in Massachusetts in December. The 1,232 MW project, New England's largest offshore wind project to date, will involve a $4 billion investment and is expected to 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.

Source: Iberdrola Group