Iberdrola

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 […]