Keep pulling the thread on Pedro Azagra.
Iberdrola's Vineyard Wind offshore wind project is now operational.
Iberdrola announced a strategic plan to invest approximately $75 billion in the period from 2025 to 2028.
Iberdrola is currently investing $2 billion per year to upgrade its utility network in New York.
European Union officials in Brussels have recently issued statements emphasizing a strategic focus on electrification.
Iberdrola operates local utilities in the U.S. states of New York, Connecticut, Massachusetts, and Maine.
The average age of many of Iberdrola's utility network assets in upstate New York is between 60 and 80 years.
In the United States, the permitting process for an energy generation project typically takes five to seven years.
In the United States, the permitting process for an electricity transmission line project can take up to ten years.
Iberdrola sources 95% of its annual procurement spending for its U.S. operations from local American companies.
Iberdrola currently supplies 1,200 megawatts of electricity to data center and AI customers in the United States.
Iberdrola is constructing an additional 800 megawatts of power capacity in the U.S. to serve data center and AI customers, bringing its total contracted capacity for this sector to 2,000 megawatts.
Iberdrola operates electricity production facilities in 25 states within the United States.