Iberdrola, a global energy giant, has successfully finalized the sale of a significant portion of its operations in Mexico, marking a pivotal shift in its business strategy within the country. This transaction, valued at approximately $6.2 billion (€5.8 billion), entails the transfer of a 55% stake in Iberdrola’s Mexican business to a new entity, underscoring […]
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and a part of the Iberdrola Group, has announced its inaugural renewable energy project in Oklahoma, named Pontotoc Wind. This 147.5 MW wind farm, featuring 33 turbines, is set to bring clean wind power to approximately 40,000 homes in Pontotoc County, marking Avangrid’s expansion into 25 […]
At COP28 in Dubai, Iberdrola of Spain and UAE’s Masdar announced a strategic partnership valued at €15 billion. This agreement focuses on the joint development of offshore wind and green hydrogen projects across key markets, including Germany, the UK, and the USA. East Anglia 3 Project: A Cornerstone of Iberdrola-Masdar Alliance The partnership builds on […]
In a significant move for European renewable energy expansion, Iberdrola has solidified its partnership with Masdar, an Abu Dhabi-based renewable energy giant, to co-invest in the sizable 476 MW Baltic Eagle offshore wind farm situated in the German Baltic Sea. The project, now fully approved by regulatory bodies, will be predominantly controlled by Iberdrola with […]
Avangrid (NYSE: AGR), a sustainable energy frontrunner and part of the Iberdrola Group, made a significant stride in the renewable energy sector with the successful installation of an offshore substation at the Vineyard Wind 1 project. This marks the first large-scale offshore wind farm in the U.S., which is currently being constructed off the Massachusetts […]
Iberdrola will soon begin the construction of a new solar energy production facility in the province of Palencia, Spain, following a favorable environmental impact statement. The photovoltaic project in Castilla y León, which will be located in the municipality of Villalba de Guardo, will have an annual capacity of 350 megawatts (MW). The €217 million […]
Siemens Gamesa has been awarded a turbine contract from Ailes Marines, an affiliate of Iberdrola, for the 496MW Bay of Saint Brieuc offshore wind farm, to be built with an investment of €2.4 billion in the French waters of the English Channel. As per the contract, the Spanish wind turbine manufacturer will supply 62 SG […]
The 800MW Vineyard Wind offshore project, offshore Massachusetts, is set to become the first large-scale offshore wind farm in the US, as the country opens up its waters for wind power generation. Business-News-Today brings you a detailed profile of the Vineyard Wind offshore wind project here. Vineyard Wind offshore project owners The project is being […]
Macquarie’s Green Investment Group (GIG) has signed a £1.63 billion deal to acquire 40% stake in the 714MW East Anglia One offshore wind project in the UK from Spanish energy company Iberdrola, as per the latest energy acquisition news. Iberdrola will hold on to the remaining 60% stake in the East Anglia One offshore wind […]
Wind industry news : Spain-based Iberdrola says that its Wikinger offshore wind farm built at a cost of €1.4 billion in the Baltic Sea has been connected to the German electricity grid. The German offshore wind farm, which has a capacity of 350MW, is capable of providing clean energy to 350,000 German homes. The Wikinger […]