December 4, 2020

Iberdrola attends the New York offshore wind auction with its Liberty Wind project


Madrid

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Iberdrola, through its North American subsidiary Vineyard Wind, has participated with its Liberty Wind project at the second auction of offshore wind capacity called by the state of New York. This development would entail the commissioning of a total capacity of up to 1,300 megawatts (MW), which could supply clean energy to around 700,000 homes and companies in New York, as reported by the group chaired by Ignacio Galán and which announced on Wednesday the acquisition of power company PNM, which supplies energy to New Mexico and Texas, in an operation valued at 7,000 million euros.

Specifically, the proposal presented by the company to develop Liberty Wind offers six options for the development of this large facility. One of them, as it has been proposed, would represent the greatest commitment of direct economic benefit that has ever been considered in the US offshore wind sector. “In this way, Liberty Wind would help reinforce New York’s leadership in creating green jobs and equal opportunities.”

Along these lines, the recent request for proposals by the New York State Energy Research and Development Authority (NYSERDA) is part of the state’s general effort to achieve 9,000 MW of offshore wind power generation by 2035.

“We are pleased to bring Liberty Wind closer to New York legislators and look forward to building on broad community participation that is the hallmark of our US offshore wind business,” said Lars T. Petersen, CEO of Vineyard Wind. “As pioneers of offshore wind power in the country, we believe that setting positive precedents for development will bring new and better standards to the entire industry, standards that ensure that local communities receive the greatest possible benefits with minimal impacts,” he added.

Iberdrola continues to advance towards global leadership in offshore wind energy. The group has a portfolio of some 13,000 MW in offshore rights, to which are added the 9,000 MW of options in Sweden. At the end of the third quarter of 2020, the company has added 14,000 new MW to its portfolio –of which approximately 90% is offshore wind-, which already exceeds more than 70,000 MW in the world.

At the end of September, Iberdrola had an installed capacity of this technology of 1,258 MW, with facilities such as East Anglia ONE, in the United Kingdom, and Wikinger, in German waters of the Baltic Sea.

In the United States, the group, through Vineyard Wind, advances in the Vineyard Wind ONE marine parks -800 MW of capacity off the coast of the state of Massachusetts-, Park City Wind – also in Massachusetts waters and with a capacity of 804 MW- and Kitty Hawk (Virginia), in a more preliminary phase.

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