AmericasOffshoreRenewables
Iberdrola increases US offshore wind portfolio to 4.9 GW
Iberdrola has restructured its joint venture agreement with Copenhagen Infrastructure Partners (CIP) to enable Avangrid Renewables – a subsidiary of Avangrid and part of the Iberdrola Group – to take full ownership of Commonwealth Wind, a 1,232-MW project off Massachusetts.
The company also has sole ownership of Park City Wind, an 804-MW project in Connecticut with a power purchase agreement secured and BOEM permitting underway.
Iberdrola retains 50% of the 800-MW Vineyard Wind 1 project in Massachusetts, and the right to take control of the project during the operational phase.