Iberdrola

Ausgrid, the state-owned electricity distributor serving 1.8 million customers across Sydney and beyond, has proposed a “Community Power Network” (CPN) that could upend a century-old regulatory boundary by

Hitachi Energy, E.ON Ink $700M Deal to Strengthen German Grid. Hitachi Energy, the world’s largest transformer manufacturer, has signed a deal worth up to $700 million with German utility E.ON to supply

The reeling offshore wind power market received another blow as Mitsubishi Corp. said it will end further development of three Japanese offshore wind power projects due to rising costs. Mitsubishi Chief Executive Katsuya Nakanishi on August 27 said cost increases for the installations had far surpassed the company’s projections. The company said the price of […]

Mexico’s expansion of its power generation capacity, particularly from natural gas, continues as GE Vernova and Iberdrola Mexico on Jan. 3 announced the start of commercial operation of the 766-MW Topolobampo III power plant. Mexico is building more gas-fired generation units to enable use of the country’s domestic natural gas resources. The Topolobampo facility, located […]

Copenhagen Infrastructure Partners (CIP) and Avangrid said the Vineyard Wind 1 offshore wind installation sent electricity to the power grid for the first time late on Jan. 2. The companies on Jan. 3 said Vineyard Wind 1, as part of its initial commissioning, delivered about 5 MW of electricity to the New England grid at […]

Avangrid, the U.S.-based unit of Spanish energy giant Iberdrola, said it has terminated its planned acquisition of New Mexico utility PNM Resources after failing to receive final approval for the $8.3 billion deal from state regulators. Avangrid officials in a statement on Jan. 2 said the group needed to receive approval for the deal from […]

Spanish energy giant Iberdrola announced it has finalized an agreement to sell much of its power generation portfolio in Mexico to that country’s government. The $6 billion deal, first announced in April and completed June 12, will see Mexico take state control and operation of several power plants, including a dozen natural gas-fired facilities that […]

New Transformer Improves Power System Reliability for Zimbabweans. An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund reached the last leg of implementation on July 10 with the delivery

AVANGRID announced it has finalized a deal to operate and manage the Vineyard Wind 1 offshore wind project, an 800-MW installation being built off the coast of Massachusetts. Vineyard Wind 1 is owned in a joint venture between AVANGRID, part of the Iberdrola Group, and Copenhagen Infrastructure Partners. Construction of what would be the first […]

The federal agency in charge of U.S. offshore energy management said it has completed the final environmental analysis for a proposed 800-MW offshore wind project, paving the way for the nation’s first commercial-scale development of its kind to move forward. The U.S. Dept. of the Interior’s Bureau of Ocean Energy Management (BOEM) on March 8 […]

French energy major Total has signed an agreement to develop 12 utility-scale solar and energy storage projects in the U.S., announcing the deal Jan. 14, the same day the company said it has joined with Spain’s Iberdrola in a bid for one of the world’s largest offshore wind projects. The moves continue Total’s diversification from […]

The move by major oil and gas exploration companies into renewable energy has taken another significant step, as BP announced a $1.1 billion deal to buy the U.S. offshore wind power assets of Norway’s Equinor. BP in announcing the deal on Sept. 10 said it is taking a 50% stake in Equinor’s Empire Wind project […]

Europe has a big head start globally when it comes to generating power from offshore wind installations. The U.S. has lagged due to a variety of factors, including the need to work through regulatory issues

Engie Will Close 1 GW of Coal Generation; Adding Solar, Wind. French energy group Engie in mid-December said it will close 1 GW of coal-fired power generation assets in Peru and Chile over the next five years

In 2017, the 10 largest power companies, ranked by their installed generation capacity, owned 18% of total global installed capacity, while the next-largest 15 owned around 10%—meaning that the top 25 companies own nearly 30% of global installed power generation capacity, according to the International Energy Agency (IEA). Chinese companies account for more than one-eighth of global installed […]

The company will deliver a total of 471 MW to a wind complex comprising 15 developments Siemens Gamesa is the number-two turbine OEM in Brazil with a market share of 24% Siemens Gamesa has reinforced its position in Brazil having signed its largest ever contract* in this market. The company will supply a total of […]

ALTAMIRA, MEXICO (May 29, 2018) — Iberdrola SA and Mitsubishi Hitachi Power Systems (MHPS) today joined Mexican officials as they welcomed another Advanced-Class Gas Turbine arrival in the bustling Mexican Port of Altimira. The turbine is headed to Iberdrola’s 850-MW power project in El Carmen in northeastern Mexico. In the past two years, Iberdrola has ordered a […]

Spanish market and competition regulator CNMC (Comisión Nacional de los Mercados y la Competencia) in a report published on January 24 said a draft government decree to block power plant closures if they

Iberdrola’s global strategy to close its remaining coal-fired power plants has met with government opposition in its home country of Spain. Days after Iberdrola, the country’s largest utility, said it

UK Gives First Consent for Hinkley Point C EPRs. The UK’s Office for Nuclear Regulation (ONR) on March 27 gave its approval to allow a consortium to begin placing structural concrete for a series of