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Iberdrola acquires 2 GW offshore wind power projects in US [free access]

September 21, 2021

Iberdrola, through its US subsidiary Avangrid, has acquired two offshore wind farms in the US totalling more than 2 GW, and retains 50 per cent of another 800 MW, with a total investment of USD12,000 million in the three projects. Avangrid has reached an agreement with its joint venture partner Copenhagen Infrastructure Partners (CIP) to acquire 100 per cent of 804 MW Park City Wind and 1,200 MW Commonwealth Wind, as well as the right to take control of 800 MW Vineyard Wind 1 during the operational phase.

 

Earlier in August 2021, Jan De Nul Group and JDR Cable Systems were selected for the supply of inter-array cables for the Vineyard Wind 1 offshore wind farm, which is about 56 km off the Massachusetts mainland.

 

Iberdrola has plans to invest over USD35 billion in its US energy business during 2020-25.