Offshore wind giant expands in New England

A power player in New England’s young offshore-wind industry just got more powerful.

Iberdrola SA, the Spanish energy giant, announced this week that its Avangrid Renewables (NYSE: AGR) unit has taken full ownership of Commonwealth Wind, the 1,200-megawatt project in Massachusetts that the state selected in December to move forward. The project has been a joint venture with Copenhagen Infrastructure Partners.

Iberdrola also has a 50% stake in the 800-megawatt Vineyard Wind project, near Martha’s…


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