Iberdrola finishes restructuring of US offshore business with CIP

Wind Industry Profile of

Iberdrola and CIP formally conclude agreement that will see Iberdrola take control of 1,232 MW Commonwealth Wind and 804 MW Park City Wind projects / Retains 50% of 800 MW Vineyard Wind 1 and the right to take control of the project during the operational phase / Iberdrola is the leader in US offshore wind, with 4.9 GW of projects in its pipeline

Iberdrola has formally concluded an agreement to take control of over 2,000 megawatts (MW) of US offshore wind capacity, consolidating its position as one of the largest developers of offshore wind in the country. The restructuring of a joint venture agreement with Copenhagen Infrastructure Partners (CIP) means Iberdrola’s Avangrid Renewables takes full ownership of Commonwealth Wind, which was selected in December as... ... More: Official Press Release Iberdrola

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Iberdrola, USA, CIP, restructuring, offshore, portfolio, wind farm, Commonwealth Wind, Park City Wind, MW, Vineyard Wind, project, pipeline