Iberdrola Signs Agreement to Take Control of US’s First Commercial Scale Offshore Project, Vineyard Wind 1

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Vineyard Wind 1’s 800 MW of power will provide clean, renewable, and affordable energy to more than 400,000 Massachusetts homes and businesses. It will also reduce the annual emission of more that 1.6 million tons of carbon dioxide per year. Its construction could create up to 3,600 equivalent full-time jobs.

Pedro Azagra CEO of AVANGRID stated that offshore wind is a great opportunity to help America achieve its ambitious climate goals. The successful completion and operation of Vineyard Wind 1 will set the foundation for industry growth for decades to follow, including AVANGRID’s robust 4.9-gigawatt portfolio.

Iberdrola has agreed to create a technical team and will provide intensive training at the offshore wind farm the group operates in Germany and the UK. Azagra stated that Avangrid is proud to have been a pioneer in the US offshore winds industry. With the Iberdrola Group’s global experience and a talented and skilled local workforce, Azagra believes they are well positioned for mmaximizing the operation and performance at the landmark Vineyard Wind 1 project.

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Vineyard Wind 1 will begin providing clean energy to Massachusetts in 2023, and commercial operations in 2024. AVANGRID also owns 100% of Commonwealth Wind (1.200 MW in Massachusetts), Park City Wind (804 MW Connecticut) and Kitty Hawk Wind (2,500 MW off North Carolina coast). The group forecasts 5,000 MW offshore wind energy off the east coast of the United States. This is enough to power more than 2 million homes.

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