Spanish energy company Iberdrola has announced that it will invest more than $10bn to develop three offshore wind facilities in Massachusetts, US.
Iberdrola chairman Ignacio Galán agreed to develop three offshore wind facilities, each with 2.8GW of capacity, at a meeting with Massachusetts Governor Charlie Baker.
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During the meeting, Galán outlined the group’s US growth plan for 2020-2025 to Governor Baker.
The investment is expected to double the country’s clean energy generation capacity and support its decarbonisation efforts.
Galán said: “Our projects in Massachusetts will be fundamental to achieving the US’ goal of reaching 30GW of wind energy by 2030, and with them, we will generate industrial development and employment.”
Ignacio Galán also met with Massachusetts Attorney General Maura Healey to inform her of Iberdrola’s plans to invest in clean energy in the state.
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By GlobalDataIn addition to 2.8GW of offshore wind capacity, the company is developing a 1.2GW interconnection line for transporting hydroelectric power from Canada.
The projects are expected to create nearly 4,000 jobs during their construction phase while meeting 35% of Massachusetts’ clean energy requirements.
Iberdrola’s energy services company, Avangrid, recently began building the 800MW Vineyard Wind One offshore wind facility, which is located around 15 miles south of Martha’s Vineyard.
The facility has the capacity to power more than 400,000 homes while displacing more than 1.6 million tonnes of carbon emissions a year.
Avangrid has also secured a contract for the 1.2GW Commonwealth Wind offshore wind farm in Massachusetts, which will involve a $4bn investment and create around 11,000 jobs.
As part of the Commonwealth Wind project, the company is promoting the installation of a submarine cable factory, which will be located at a former coal-fired power plant.
Last month, Iberdrola restructured a JV agreement with Copenhagen Infrastructure Partners to acquire an offshore wind portfolio, with more than 2GW of capacity, in the US.
