Iberdrola, through its US subsidiary Avangrid, has signed an agreement to assume responsibility as the operations and management service provider for Vineyard Wind 1the first commercial offshore wind project in the United States, the company said.
Vineyard Wind 1 is an 800 megawatt (MW) offshore wind project off the coast of Massachusetts. It is owned by an equal joint venture between Avangrid and Danish fund Copenhagen Infrastructure Partners (CIP).
a little more precise, The agreements include the Operations and Maintenance Agreement and the Asset Management Agreement, in which Avangrid is responsible for overseeing the operation and management of the facility once construction is complete and commercial operations have commenced.
Through these agreements, the Iberdrola subsidiary will provide services to the Vineyard Wind 1 project and oversee the management of wind farm operations, including including overseeing essential tasks such as turbine maintenanceCables and substations, the coordination of contractors and the establishment of a permanent control center.
Avangrid will hire around 20 professionally qualified employees, including key positions who will receive intensive training abroad at Iberdrola’s offshore wind farms operating in the UK and elsewhere in Europe, which will prepare them to operate the innovative US facility.
Avangrid CEO Pedro Azagra said the company “is proud to be a pioneer in the offshore wind industry in the United States and as it draws on the global expertise of the Iberdrola Group and a skilled and talented local workforce, it is well positioned to maximize the operations and performance of the project.
He also emphasized that offshore wind “represents a tremendous opportunity to advance America’s ambitious climate goals,” stressing that “the successful completion and successful operation of Vineyard Wind 1 will lay the foundation for the continued growth of the industry in the decades to come.”including Avangrid’s 4.9 gigawatt (GW) project portfolio in this technology.
From 2023 it should supply electricity
Vineyard Wind 1 should start to bring clean energy to Massachusetts in 2023 and enter commercial service in 2024.
The wind farm will produce affordable renewable energy for more than 400,000 homes and businessesreducing carbon emissions by more than 1.6 million tons per year while creating 3,600 full-time jobs and saving taxpayers $1.4 billion over the life of the project.
Iberdrola, Avgrid has a portfolio of nearly five GW of offshore wind projects in the United States. In addition to its 50% interest in Vineyard Wind 1, it owns 100% of the 1,200 MW Commonwealth wind project, also offshore Massachusetts, as well as the 804 MW Park City wind project offshore Connecticut and the 2,500 MW Kitty Hawk wind project off the North Carolina coast.
Offshore wind power, strategic for the group
In Iberdrola’s global renewable energy portfolio, which totals 90 GW, Offshore wind is one of the Group’s key growth opportunities.
Last year, The group, chaired by Ignacio Sánchez Galán, has invested in new growth platforms in other countries such as Poland, Sweden, Ireland, Japan and Australiabringing the size of the group’s global offshore wind farm to 31.7 GW.
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