Offshore wind giant takes bigger stake in Mass. project

A power player in Massachusetts’ 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 selected by the Baker administration 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…

share:

more energy news

Send Us A Message