![Iberdrola to buy out Avangrid in $2.6 B deal Iberdrola to buy out Avangrid in $2.6 B deal](https://transform.zgisoft.com/files/Shutterstock_287092451-340x210.jpg)
Iberdrola to buy out Avangrid in $2.6 B deal
The agreement comes after Avangrid abandoned an $8.3 billion deal to acquire US competitor PNM Resources in January.
The agreement comes after Avangrid abandoned an $8.3 billion deal to acquire US competitor PNM Resources in January.
Once completed, the project will generate enough electricity to supply around 475000 homes annually.
ENWL delivers electricity to about 5 million customers in Manchester, Lancashire and Cumbria.
The project would consist of New England Wind 1 and New England Wind 2.
The wind farm will be located on the island of Honshu.
Around €21.5 billion will be invested into its network business, while will be invested €15.5 billion in renewables.
The funds are aimed at improving the efficiency and resilience of the power grid and helping connect more renewable energy sources.
The solar power plant will be one of the largest in Italy.
Iberdrola and Masdar have joined forces in an effort to invest in offshore wind and green hydrogen in several countries.
Iberdrola has completed the construction in of the first hybrid wind and solar photovoltaic plant in Spain.
Iberdrola has connected the Saint Brieuc offshore wind farm to the French power grid.
Brazil, Brasilia: Iberdrola has signed a strategic agreement with GIC for the development of transmission networks in Brazil for $473 M.
Germany: Iberdrola has announced the completion of the offshore substation topside (OSS) installation at its 476 MW Baltic Eagle offshore wind farm.
Iberdrola has signed a $159 M (€150 M) loan agreement with the European Investment Bank (EIB) to build 400 MW of wind and PV solar projects in Italy.
Iberdrola and Prosolia Energy have announced securing approvals for the construction of Europe’s largest PV plant, fifth largest worldwide.
50Hertz has selected the Dutch-Belgian joint venture to deliver the Ostwind 3 offshore HV substation in the Baltic Sea.
Poland: A team from Iberdrola has paid a visit to ZREW transformer factory in Lodz to supervise progress in the manufacturing of a 30/110 kV, 63 MVA power transformer.
Brazil: The power grid line will be laid between the Brazilian states of Minas Gerais and São Paulo.
France: The offshore substation topside and jacket foundation for the Saint-Brieuc offshore wind farm have been loaded and will soon be transported to France.
Greece, Rodopi: Iberdrola has commissioned the 33.6 MW Mikronoros wind farm in Greece.
Australia, Sydney: GE has announced an agreement with Iberdrola Australia to supply and install 38 wind turbines for the Flyers Creek wind farm project.
USA, Massachusetts: Iberdrola will invest more than $10 B in the development of three offshore wind complexes.
Brazil: Spanish-based utility Iberdrola has commissioned a 730 km energy transmission line in Brazil, the largest power line across its operations globally.
Brazil: Iberdrola, through its subsidiary Neoenergia, has been selected by the Agência Nacional de Energia Elétrica to build a 500 kV substation in Minas Gerais.
Spain, Bilbao: Končar Power Transformers (KPT) has published on 16 August to have delivered 5 autotransformers to Iberdrola.
Iberdrola, a Spanish multinational electric utility company, has begun the construction of the Port Augusta hybrid wind-solar power plant.
Spanish electricity company Iberdrola has awarded contracts for the construction of an offshore substation in the English Channel.
Portugal-based EFACEC Energia has secured a $12.6 million (€11 million) contract from Iberdrola to construct and deliver transformers for the Gouvães, Alto Támega and Daivões power plants of the Támega Hydroelectric Complex.