2/16, 12:36 PM (Source: TeleTrader)
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Iberdrola to invest over $10B in US

Iberdrola will invest more than $10 billion in developing three offshore wind complexes in Massachusetts, United States, the company announced Wednesday on its website.

In Massachusetts, the business group develops nearly 2,800 MW of offshore wind in the said projects. In total, Iberdrola's projects will cover 35% of the state's electrical demand with clean and competitive energy while helping to create around 4,000 jobs during their construction over the next few years.

"Our projects in Massachusetts will be fundamental to making the US goal of reaching 30,000 MW of wind energy by 2030 a reality, and with them, we will generate industrial development and employment," stated Ignacio Galán, Iberdrola's CEO.

Baha Breaking News (BBN) / JG