Spanish multinational electric utility Iberdrola has plans to invest more than $10 billion in the development of three offshore wind complexes in Massachusetts.
The firm also has plans to double its U.S. renewable generation capacity and boost the country's decarbonization for the period 2020 to 2025.
“Our projects in Massachusetts will be fundamental to achieving the U.S. goal of reaching 30,000 megawatts of wind energy by 2030, and with them we will generate industrial development and employment,” said Ignacio Galán, Iberdrola’s chairman.
In Massachusetts, Iberdrola is developing 2,800 megawatts of offshore wind in three different projects and is developing an interconnection line with a capacity of 1,200 megawatts to transport hydroelectric power from Canada. Together, Iberdrola's projects will meet 35 percent of the state's electricity demand with clean and competitive energy, while helping to create approximately 4,000 jobs during construction over t
