Iberdrola, through its affiliate Vineyard Wind, has presented a proposal to develop a ‘megaproject’ of offshore wind in New York (United States) of up to 1,200 megawatts (MW), which would be the world´s largest with these features.
Called ‘Liberty Wind’, Vineyard Wind, a company owned at 50% by the Copenhagen Infraestructure Partners fund and Avangrid Renewables – Iberdrola’s US renewables subsidiary – comes to this project hand in hand with the transmission lines developer Anbaric Development Partners.
Specifically, the proposal submitted by the consortium to the State of New York (Nyserda) for the supply of ‘green’ energy includes the options of a 400 MW project, another of 800 MW and one of 1,200 MW, which would be the most profitable option for taxpayers, according to the companies.
Offshore wind power has been consolidated as one of Iberdrola´s main business lines of which the company has a portfolio in excess of 9 gigawatts (GW) and close to 3 GW in operation, under construction or with long-term contracts already secured.
The 1,200 MW project would provide enough ‘green’ power to supply more than 750,000 homes in New York, by feeding it directly into the grid at an existing Long Island substation. On the other hand, its ‘Liberty Wind’ turbines would be located in waters about 85 miles off the nearest coast of New York and would not be visible from the coast.
Vineyard Wind will finance and own the generation components of the project and Anbaric will finance and own the transmission components.
Strong commitment to offshore wind
Offshore wind power has been consolidated as one of Iberdrola´s main business lines of which the company has a portfolio in excess of 9 gigawatts (GW) and close to 3 GW in operation, under construction or with long-term contracts already secured. Until 2022, large investments are expected, especially in the United Kingdom, the United States, Germany and France.
In the United States, through Vineyard Wind, the group is already developing a 800-megawatt (MW) offshore wind project in the waters of Massachusetts (United States), whose investment will amount to some 1,200 million euros.
Also, in Baltic waters in Germany, it is carrying out the 476 megawatt (MW) capacity Baltic Eagle offshore wind farm.
Since 2014, Iberdrola has been operating the 389 MW West of Duddon Sands (WoDS) offshore wind farm in the Irish Sea and, since 2017, the 350 MW Wikinger wind farm in the German Baltic Sea. It is currently building the 714 MW East Anglia One marine park, also in British waters of the North Sea.
The company has other projects in different phases of planning and development, such as Saint-Brieuc, of 496 MW, in the north of France.