Biden visits Iberdrola’s coastal wind ranch in the USA
The three premises promoted by the group in the country are under construction or at an advanced stage of development and represent an investment of$ 10 billion.
The installations will have a capacity of,800 MW and will produce,000 jobs.
The President of the United States, Joe Biden, moment visited one of the installations that form part of the plan of Iberdrola’s listed attachment in the country for the construction of coastal wind systems in New England. The electricity company chaired by Ignacio Galán will invest$ 10 billion in these systems over the course of this decade. The three coastal wind granges are formerly under construction or advanced development, and all have long- term power deals contracts in Massachusetts and Connecticut. They will have a total capacity of,800 MW, produce nearly,000 new jobs and give emigration-free power for nearly1.6 million homes andbusinesses.The first of the three wind granges, Croft Wind, will be the first large- scale wind ranch in the United States and will start producing power by the end of coming time. Iberdrola is therefore demonstrating its pioneering nature in this sector in the United States. As part of the offer made in the award of the third of the coastal wind granges, Commonwealth Wind, Iberdrola committed to develop Massachusetts’ first coastal wind string manufacturing installation on the point of a former coal factory in Somerset, Massachusetts( Brayton Point), which Joe Biden visited moment. The plant, which will produce multitudinous original jobs, is anticipated to open in early 2026 and will supply lines to Iberdrola Commonwealth Wind systems similar as Park CityWind.Biden met with the Chairman of Iberdrola, Ignacio Galán, and was accompanied by 25 US authorities and businessmen. Also present were the President’s National Climate Advisor and former head of the US Environmental Agency, Gina McCarthy, and several members of Congress from Massachusetts. The US President’s visit to the unborn coastal wind string manufacturing installation is a statement of intent for the country’s new energypolicy.THE THREE PARKSVineyard Wind, with 800 MW of installed capacity and an investment of€2.5 billion, will be one of Iberdrola’s largest in the world. In December 2021, the company was awarded a contract for the Commonwealth Wind coastal wind ranch in Massachusetts. The,232 MW installation, the largest coastal wind design in New England to date, will involve an investment of$ 4 billion. Also under development in the same area is Park City Wind, an 804 MW design that will supply clean energy to guests in Connecticut, while revitalising the Port of Bridgeport, home to the operation and conservation office and storehouse for the factors for construction. The design is anticipated to be completed in 2027. GROWTH STORYIberdrola’s history in the United States is a success story. In lower than two decades, the company chaired by Ignacio Galán has come, through its listed attachment in the country, one of the largest groups in the North American electricity sector, listed since 2015 on the New York Stock Exchange. It has contributed to Iberdrola getting the most precious company on the Spanish stock exchange with a request capitalisation of€,000 million and the leading European energycompany.The establishment is present in 25 countries and manages further than,300 MW of installed capacity, of which further than,500 MW of renewables( substantially wind and solar PV), and further than,000 kilometres of power lines through eight distributors in New York, Connecticut, Maine and Massachusetts. In addition, the Spanish company has a portfolio of high- quality renewable systems in the United States of further than,000 MW, which represent a stable platform for uninterrupted growth over the coming many times as the country meets its decarbonisationtargets.In addition to being one of the three largest wind and solar energy companies in the United States, Iberdrola is a leader in coastal wind, with a portfolio of further than,300 MW at the end of the first quarter of 2022. Iberdrola also owns the Kitty Hawk development area(,500 MW) in the waters off North Carolina and Virginia and has begun the process of carrying permits from the Bureau of Ocean Energy Management( BOEM) for the Kitty Hawk North wind ranch( 800 MW), the first design planned in thisarea.Thanks to the company’s commitment to renewable powers, Avangrid’s CO ₂ emigrations intensity was formerly6.5 times lower than the normal for US serviceability at the end of the last fiscal time.
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