In a major boost for the company’s operations in the United States, Iberdrola wins a clean energy supply contract. Awarded to Sthe American subsidiary of the Spanish giant Avangrid, won the contract to supply clean energy for Massachusetts. The contract, which will see the company invests 3.5 billion euros in the United States, includes the construction of the future Commonwealth Wind Park, the third installation of its kind in the state
Success of contract is huge Iberdrola victory in the United States, providing jobs for 11,000 full-time employees and generating enough electricity to power 750,000 homes. Obtaining this contract gives the company a well-deserved victory after being rejected by the New Mexico regulator.
The Commonwealth Wind Park is a key project in helping states meet their goal of 30,000 megawatts of offshore wind power by 2030. Speaking on the project, Ignacio Galán, chairman of Iberdrola, said “they are already at the forefront of offshore wind energy in the United States ”. and by way of example, Galán explained that “alone our portfolio of offshore wind energy projects in the United States could represent more than 15,000 million dollars of investment in the coming years”.
Iberdrola has enjoyed phenomenal success in the United States, being listed on the New York Stock Exchange over two decades and becoming one of the major producers of electricity, producing electricity in some 25 states.
The United States’ commitment to clean energy dates back 17 years, which Iberdrola has benefited from with the company having installed more than 8,000 megawatts of power generation and 170,000 kilometers of power lines serving seven million people with 3.3 million direct customers.
According to the company, Iberdrola is becoming “one of the three largest renewable energy companies” in the United States and will invest more than $ 30,000 million during the period 2020-2025 in the networks of transmission and distribution and renewable energy.
The news that Iberdrola has been awarded a clean energy supply contract for Massachusetts will be a big boost for the Spanish company and its investors, as will be the case for other Spanish companies looking to expand their technology to the United States. ‘foreigner.
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