News
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08/04/2024Iberdrola's Vineyard Wind 1 offshore wind farm named Climate Change Project of the Year This offshore wind farm, developed by Avangrid, is under construction off the coast of Massachusetts, and already deluvers clean energy to 30,000 homes and businesses in the region. This is thanks to the five turbines that came into operation in the first quarter of the year. Vineyard Wind 1 is the first large-scale offshore wind project in the United States. The 806 MW facility consists of 62 wind turbines over 800 feet high, and will be the largest renewable energy plant in New England. When fully operational, this plant will power around 400,000 homes and reduce carbon emissions by over 1.6 million US tons per year. In addition, the project has created more than 2,000 jobs to date and has contributed $590 million to the Massachusetts' economy. "We are honoured to receive this important recognition for our Vineyard Wind 1 project, and thank the Environmental Business Council for their partnership and support as we work together to take urgent action on climate change," said Avangrid CEO Pedro Azagra. "Vineyard Wind 1 is a trailblazing project for the New England region and the nation, and we are very proud to set a foundation from which an entire clean energy industry can flourish and meaningfully address climate challenges." "EBC is honoured to present the Ruth H. Silman Award for Climate Change Project of the Year Award to Vineyard Wind 1, a project that moves Massachusetts, and the entire New England region, into a cleaner, more sustainable energy future," said Ann Gisinger, EBC's executive director. The award will be given at the EBC APEX Awards ceremony, its official name, in June 2024 at the City Winery in Boston, Massachusetts. This recognition is presented by the Environmental Business Council, or EBC, a non-profit organisation created in 1990 by environmental and energy company executives to exchange ideas and share experiences. It was the first organisation in the United States created to support and encourage the development of the environmental industry. READ MORE
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06/04/2024Iberdrola joins the FPF in promoting Women's Football in Portugal The Portuguese Football Federation and Iberdrola, a leader in renewable energy, have established a partnership that extends to all senior women's football under the remit of the national sports body. The announcement was made public this Friday and made public during the break of the Portugal-Bosnia and Herzegovina match, counting for the qualification for the 2025 European Championship for women's teams. The agreement between the two entities extends until 2027 and will make Iberdrola the official sponsor of the "Navigators" and the club competitions organised by the FPF: Liga BPI, Portuguese Cup, Super Cup and League Cup. Fernando Gomes, president of FPF: "Women's football growth is our daily work. Something we do best together with partners such as Iberdrola – a world-renowned brand. We are confident that these common interests will bring even more energy to our National Team and our competitions. With more and more players, more clubs, more competitions, it is important to highlight that those investing in women's football are also growing in number and size. We are confident that this is the way forward and that we will dignify Iberdrola's commitment." "With this commitment, Iberdrola aims to promote gender equality in Portugal, fostering the growth and success of women's sport. We want to contribute to the visibility, prominence and creation of new female references in society, favouring the creation of conditions that promote inclusion and equal opportunities", says David Rivera, Country Manager of Iberdrola Portugal. Iberdrola's commitment to gender equality, through the promotion of women's sport, extends across borders, with the sponsorship of several women's competitions and federations in Spain, Scotland and Brazil. In this way, Iberdrola contributes to boosting the success of women's sport, promoting equal opportunities and promoting healthy habits in society. READ MORE
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02/04/2024Biden Administration gives the first green light to Iberdrola for New England Wind projects Iberdrola, through its US subsidiary Avangrid , received first approval from Biden Administration for its New England offshore wind farm. The Federal Record of Decision (ROD) together with the Construction and Operations Plan Approval (COP), expected in 2024, represent an important permitting milestone for the construction of the future farm. On February 26, 2024, New England Wind received the Final Environmental Impact Statement (FEIS). ROD approval has been issued by the Department of Interior after years of intensive engagement with members of the local residential and fishing communities and other stakeholders. Construction and Operations Plan (COP) Approval is expected in July 2024. The New England Wind project, consisting of New England Wind 1 and New England Wind 2, has the potential to create thousands of jobs and provide approximately 2 Gigawatts of clean, reliable energy – enough to power nearly 1 million homes and businesses in the region. It is projected to reduce carbon dioxide emissions by nearly 4 million US tons, or the equivalent of taking approximately 700,000 cars off the road each year during the lifespan of the project. In total it will create up to 9,200 full-time skilled jobs and bring $8 billion in direct investment to the region. In addition, the project also offers opportunities for economic growth and industrial attraction in the area, such as an assembly centre, an offshore wind training centre, a new offshore crane factory, operations and maintenance facilities in Bridgeport, Connecticut and New Bedford, among others. New England Wind 1 is exceptionally advanced for commissioning and offers extraordinary security and viability. In fact, it is the most advanced and ready offshore wind opportunity in the Northeast region. If selected, the project, which would be located about 50 kilometres south of Barnstable, Massachusetts, could begin construction in 2025 and be in commercial operation before the end of the decade, contributing to the New England state's ambitious 2030 climate goals. Leading developer of offshore wind The United States is Iberdrola's main investment focus within its 2024-2026 strategic plan , to which it will allocate €41 billion. The country will receive 35% of the investment, around €14.35 billion. Electricity grids will be the main segment of investments. Around €21.5 billion will be dedicated mainly to extending and reinforcing grids. In renewables, Iberdrola plans to invest €15.5 billion gross in the coming years, of which more than half will focus on offshore wind, totalling 3,000 MW, in the United States, the United Kingdom, France and Germany. Iberdrola is the leading developer of offshore wind energy in the United States. On 27 March 2024, it submitted numerous proposals for new offshore wind energy in Massachusetts-Rhode Island-Connecticut. The states are expected to announce the selected projects in August 2024. The company currently has the Vineyard Wind I farm under construction. With 806 MW of capacity, it is the first commercial-scale offshore wind farm in the country and will supply clean, reliable power to 400,000 homes and businesses in Massachusetts. This is equivalent to more than half the size of a city like Boston or the entire island of Palma de Mallorca. In February, the energy company announced the commissioning of the first five turbines that will supply 30,000 homes and businesses in Massachusetts with clean energy In addition to Vineyard Wind I, the company's most important offshore wind projects include the East Anglia Hub complex in the United Kingdom, which consist of three projects with a total installed capacity of 2,900 MW; Saint-Brieuc in France, and its three wind farms in Baltic waters: Wikinger , Baltic Eagle and Windanker . READ MORE
