New Iberdrola projects to add 600 MW of renewable energy in US
Spanish power company Iberdrola is building four wind projects and a solar energy facility in the US that will add a total of 600 MW of new output during 2017, as part of a drive to strengthen its presence in the country. Via its US unit Avangrid Renewables, projects in California, Colorado, Vermont and New Mexico are all under construction and have power purchase agreements with local companies in place, while Iberdrola is also at the early stages of building work on a 56 MW photovoltaic project in Oregon. Iberdrola has claimed to be the third largest wind company in the US.
Iberdrola SA (BME:IBE) expects to put on stream nearly 600 MW of wind and solar power capacity in the US by the end of this year, the Spanish power utility said on Tuesday.

Iberdrola’s US unit Avangrid Renewables is currently working on the construction of four wind projects, namely the 131-MW Tule plant in California, the 75-MW Twin Buttes II park in Colorado, the 298.2-MW El Cabo complex in New Mexico and the 30-MW Deerfield plant in Vermont. In addition, the company is in the initial stages of construction work for a 56-MW photovoltaic (PV) plant in Oregon, to be called Gala.

Most of the projects already have long-term power purchase agreements (PPAs) with local companies.

Iberdrola says that the addition of the fresh capacity is seen to help it strengthen its presence in the US where it claims to be the third largest wind power company. The Spanish group has been operating in the US since 2015 through Avangrid Inc (NYSE:AGR), a company in which it has an 81.5% stake. Avangrid owns almost 6,200 MW of installed wind power capacity in the US.

Choose your newsletter by Renewables Now. Join for free!