Latest news with #Iberdrola
Yahoo
10 hours ago
- Business
- Yahoo
Avangrid Celebrates Completion of Solar Module Production at SEG Solar's New Texas Facility
Over 200,000 solar modules manufactured for Avangrid's 166 MWdc (120 MWac) project in Oregon to support data center operations Milestone marks first utility-scale delivery from SEG Solar's new Houston manufacturing plant and demonstrates Avangrid's support for growing the domestic solar supply chain HOUSTON, July 30, 2025--(BUSINESS WIRE)--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced the successful assembly of over 200,000 solar modules manufactured by SEG Solar at its newly commissioned facility in Houston, Texas. These modules will be deployed at Avangrid's 166 MWdc (120 MWac) Tower Solar project in Morrow County, Oregon, which will deliver energy to the Portland General Electric (PGE) power grid and support Meta's data center operations in the region. Avangrid is the first utility-scale customer to receive modules from SEG Solar's new U.S. manufacturing plant, a milestone that underscores both companies' commitment to strengthening the domestic energy supply chain and bolstering American manufacturing. The facility, located in Houston, currently employs more than 300 people and will create over 500 jobs at full capacity. "Domestic partnerships are critical to meeting rising demand, and by leveraging U.S. manufacturing, Avangrid has an opportunity to support local jobs and economic opportunity in states like Texas, while advancing a reliable energy future powered by American-made products," said Avangrid CEO Jose Antonio Miranda. "Our work with SEG Solar demonstrates not only our commitment to building out the domestic supply chain, but the benefits of investing in American energy infrastructure. We are proud to see our Tower Solar project move forward with the delivery of these modules." "We are thrilled to have been selected as the module supplier for the Tower Solar in Morrow County, Oregon. This 166 MW project marks the third successful collaboration between Avangrid and SEG Solar, underscoring the strong relationship between the companies," said Logan Fang, Vice President of Key Accounts. "SEG Solar looks forward to seeing its premium 630Wp high-efficiency Yukon N Series Solar modules installed and operational in the Pacific Northwest." SEG Solar inaugurated its new Houston module plant last summer and began manufacturing modules for Avangrid in early 2025. The 250,000 square foot facility represented a $60 million investment in the U.S. and can achieve annual production of 2 GW. Avangrid's Tower Solar project is currently under construction and is expected to be completed in 2026. The facility will deliver clean, renewable energy to PGE's grid through Green Future Impact (GFI), a voluntary program designed to help large commercial, industrial, and municipal customers meet their ambitious sustainability and carbon reduction goals through the development of new clean energy facilities in our region. Subscribers to PGE's GFI program enroll in a bundled renewable energy product and receive the Renewable Energy Certificates (RECs) associated with the energy generated from the new facility. PGE's subscription pricing is designed to avoid cost shifting to non-participating customers. Construction of Tower Solar will create over 200 jobs, mostly sourced locally. The project is expected to pay about $20 million in combined PILOT (payment in lieu of taxes) and property taxes which will support a variety of public services, especially schools. About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has offices in Connecticut, New York, Massachusetts, Maine, and Oregon, including operations in 23 states with approximately $48 billion in assets, and has two primary lines of business: networks and power. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Through its power generation business, Avangrid owns and operates more than 75 energy generation facilities across the United States producing 10.5 GW of power for over 3.1 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America's best corporate citizens – in 2025 for the fifth consecutive year. The company was named among the World's Most Ethical Companies in 2025 for the seventh consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit View source version on Contacts Media Contact: Keaton 503-956-9621 Sign in to access your portfolio
CBS News
11 hours ago
- Business
- CBS News
Nantucket offshore wind developer is "hiding" following Trump's election, officials say
According to officials on Nantucket, the developer of the nation's first utility-scale offshore wind project is "hiding" and not responding to their safety queries since Donald Trump's election. The accusation comes after a massive wind turbine broke apart last year and its fragments washed up on beaches of the Massachusetts island. On Tuesday, Nantucket's select board gave Vineyard Wind two weeks to respond to a list of demands, including that it follow deadline requirements for notifying local officials of emergencies. Violations could result in fines up to $250,000, the town said, although it was unclear how such a policy would be enforced. Board member Brooke Mohr suggested the Trump administration's skepticism toward offshore wind projects is to blame for what Mohr said was Vineyard Wind's lack of communication. The town said Vineyard Wind, which is owned by Denmark-based Avangrid Renewables and Copenhagen Infrastructure in partnership with Spain-based Iberdrola, has failed to respond to private requests for changes to its protocols. Litigation may be a next step if the town's demands are unmet, officials said. "We believe that they are concerned about the change in policy at the federal level and drawing scrutiny from the new administration, which has ordered a review of offshore wind permitting practices," Mohr said during a virtual briefing with news reporters. "However, hiding is not the solution to their problems, nor is it the solution to our problems." The project about 14 miles off nearby Martha's Vineyard was approved by President Joe Biden's administration in May 2021, a key step in Biden's plans to increase U.S. reliance on offshore wind by 2030. Fiberglass fragments of a massive wind turbine blade that broke apart off Nantucket began washing ashore last summer during the peak of tourist season after pieces of the blade at the Vineyard Wind project began falling into the Atlantic Ocean in July. In the final days of the Biden administration, federal regulators lifted a suspension order on the project, pending the removal of all installed blades manufactured by GE Vernova. GE Vernova, which agreed to pay $10.5 million in a settlement earlier this month to compensate island businesses that suffered losses due to the blade failure, blamed a manufacturing problem at one of its factories in Canada and stated that there was no indication of a design flaw. It reinspected all blades made at the factory and removed other blades made there from the Vineyard Wind location. On Tuesday, town officials accused Vineyard Wind of violating its legal obligations to communicate regularly with the town or engage the town with its emergency response plans following the blade failure. It also said Vineyard Wind hasn't done enough to reduce light pollution. Nantucket officials refused to include Vineyard Wind as a signatory in the $10.5 million settlement, citing the company's "lack of leadership, transparency, and stewardship" following the blade failure. Mohr said in the settlement, the town didn't "seed its rights to hold Vineyard Wind accountable." A Vineyard Wind spokesperson said that after concluding the settlement process, it has "anticipated resuming traditional communications and coordination" with the town "in a manner that supports a productive dialogue." "Vineyard Wind believes the settlement represents a fair and conclusive outcome for all parties, and hopes the Town of Nantucket will move forward in the spirit of that settlement and work together towards a constructive, positive relationship," the company said.
Yahoo
13 hours ago
- Business
- Yahoo
Nantucket officials accuse offshore wind developer of going into hiding since Trump's election
BOSTON (AP) — Officials in Massachusetts' Nantucket island on Tuesday accused the developer of the nation's first utility-scale offshore wind project of not responding to their safety queries since Donald Trump's election after a massive wind turbine broke apart last year and its fragments washed up on beaches. Nantucket's select board gave Vineyard Wind two weeks to respond to a list of demands, including that it follow deadline requirements for notifying local officials of emergencies. Violations could result in fines up to $250,000, the town said, although it was unclear how such a policy would be enforced. Board member Brooke Mohr suggested the Trump administration's skepticism toward offshore wind projects is to blame for what Mohr said was Vineyard Wind's lack of communication. The town said Vineyard Wind, which is owned by Denmark-based Avangrid Renewables and Copenhagen Infrastructure in partnership with Spain-based Iberdrola, has failed to respond to private requests for changes to its protocols. Litigation may be a next step if the town's demands are unmet, officials said. 'We believe that they are concerned about the change in policy at the federal level and drawing scrutiny from the new administration, which has ordered a review of offshore wind permitting practices,' Mohr said during a virtual briefing with news reporters. 'However, hiding is not the solution to their problems, nor is it the solution to our problems.' The project about 14 miles (23 kilometers) off nearby Martha's Vineyard was approved by President Joe Biden's administration in May 2021, a key step in Biden's plans to increase U.S. reliance on offshore wind by 2030. Fiberglass fragments of a massive wind turbine blade that broke apart off Nantucket began washing ashore last summer during the peak of tourist season after pieces of the blade at the Vineyard Wind project began falling into the Atlantic Ocean in July. In the final days of the Biden administration, federal regulators lifted a suspension order on the project, pending the removal of all installed blades manufactured by GE Vernova. GE Vernova, which agreed to pay $10.5 million in a settlement earlier this month to compensate island businesses that suffered losses due to the blade failure, blamed a manufacturing problem at one of its factories in Canada and stated that there was no indication of a design flaw. It reinspected all blades made at the factory and removed other blades made there from the Vineyard Wind location. On Tuesday, town officials accused Vineyard Wind of violating its legal obligations to communicate regularly with the town or engage the town with its emergency response plans following the blade failure. It also said Vineyard Wind hasn't done enough to reduce light pollution. Nantucket officials refused to include Vineyard Wind as a signatory in the $10.5 million settlement, citing the company's 'lack of leadership, transparency, and stewardship' following the blade failure. Mohr said in the settlement, the town didn't "seed its rights to hold Vineyard Wind accountable." A Vineyard Wind spokesperson said that after concluding the settlement process, it has 'anticipated resuming traditional communications and coordination" with the town "in a manner that supports a productive dialogue.' 'Vineyard Wind believes the settlement represents a fair and conclusive outcome for all parties, and hopes the Town of Nantucket will move forward in the spirit of that settlement and work together towards a constructive, positive relationship," the company said. Leah Willingham, The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
16 hours ago
- Business
- Reuters
Spain's Cox eyes Iberdrola's Mexican assets and other deals to fuel growth, CEO says
MADRID, July 30 (Reuters) - Spanish water and renewable energy company Cox ( opens new tab is considering buying Iberdrola's ( opens new tab assets in Mexico, CEO Nacho Moreno told Reuters on Wednesday, as part of the company's strategy to pursue growth through acquisitions. "What I can tell you is that it's true they are running a process to sell their Mexican business," Moreno said in an interview. "It's true that that business is absolutely amazing. And it's true that we're looking into that business as much as we are looking into some other businesses." Moreno added that Cox regarded Mexico as "one of our strategic regions". Iberdrola did not immediately reply to a request for comment on Wednesday. The company controls six wind parks and three solar parks in Mexico, according to its website, as well as other power plants including gas and cogeneration. Earlier this week, Spanish newspaper El Confidencial reported that Cox had put forward an offer worth around 4 billion euros ($4.62 billion) for the Mexican assets. Iberdrola Executive Chairman Ignacio Sanchez Galan said last week reports of a possible sale were rumours, and declined to comment during the presentation of the company results and a 5 billion euro capital increase. In 2023, Iberdrola agreed to sell $6 billion worth of assets in Mexico - mostly gas-fired power plants - and is focusing on building and upgrading power grids in countries including Britain and the United States. Cox is seeking growth in its water and renewable energy division and to this end will boost investments in coming years and buy assets, Moreno said. "Within that division, growth should come from inorganic opportunities as well as organic," he said. "And I would rather bet on inorganic." It is analysing the potential acquisition of a couple of water desalination plants in the north of Africa, Moreno said. Cox plans to invest at least 600 million euros this year and increase investments to around 1 billion euros a year in 2026 and 2027. The company posted a profit of 13 million euros for the first six months of the year, a 71% increase from a year earlier when excluding one-offs last year. Revenue rose 62% in the same period. ($1 = 0.8656 euros)
Reuters
19 hours ago
- Business
- Reuters
Spain's Cox considers buying Iberdrola's Mexican assets, CEO says
MADRID, July 30 (Reuters) - Spanish water and renewable energy company Cox ( opens new tab is considering buying Iberdrola's ( opens new tab assets in Mexico, Chief Executive Nacho Moreno told Reuters on Wednesday, as part of the company's strategy to pursue growth through acquisitions. "What I can tell you is that it's true they are running a process to sell their Mexican business," Moreno said in an interview. "It's true that that business is absolutely amazing. And it's true that we're looking into that business as much as we are looking into some other businesses." Moreno added that Cox regarded Mexico as "one of our strategic regions". Iberdrola controls six wind parks and three solar parks in Mexico, according to its website, as well as other power plants including gas and cogeneration. Earlier this week, Spanish newspaper El Confidencial reported that Cox had put forward an offer worth around 4 billion euros ($4.62 billion) for the Mexican assets. Iberdrola did not immediately reply to a request for comment on Wednesday. Executive Chairman Ignacio Sanchez Galan last week said reports of a possible sale were rumours and declined to comment during the presentation of the company results and 5 billion euro capital increase. In 2023, Iberdrola agreed to sell $6 billion worth of assets in Mexico - mostly gas-fired power plants - and is focusing on building and upgrading power grids in countries including Britain and the United States. ($1 = 0.8656 euros)
